Tuesday, July 8, 2014

Media Moguls Meet In Idaho

Media and technology moguls are jetting to Sun Valley, Idaho this week for mountainside pressing of the flesh and potentially some deal-making, according to Variety.

The exclusive confab, sponsored by investment bank Allen & Co., gets started Tuesday behind closed doors, allowing the captains of industry to trade in their power suits for casual wear and engage in their passion for mergers and acquisitions.

Among those expected to attend are old guard soldiers such as 21st Century Fox Chairman Rupert Murdoch, Time Warner Chairman Jeff Bewkes, Disney Chairman Robert Iger, CBS Corp. chief Leslie Moonves, Viacom CEO Philippe Dauman and DreamWorks Animation CEO Jeffrey Katzenberg.

Representing a rising generation of Silicon Valley titans are Facebook co-founder Mark Zuckerberg and Yahoo CEO Marissa Mayer, as well as such eminences grise of the tech scene as Apple CEO Tim Cook and Google co-founder Larry Page.

Past years have played a key role in fostering the sale of NBCUniversal to Comcast, Jeff Bezos’ “why not?” novelty purchase of the Washington Post and the wedding of Time Warner and AOL, an unhappy union that ultimately ended in divorce.
Tom's Take: Will Bain Capital and Thomas H. Lee Partners be looking for a Clear Channel deal?  How about CBS Radio? 

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