Bitter rivalries may spawn awkwards moments for moguls attending Sun Valley

Deal combatants from Fox, Disney and Comcast may all be there

Jeff Bezos
File photo of Jeff Bezos (Photo: Reuters)
Bloomberg
Last Updated : Jun 02 2018 | 8:48 PM IST
When the billionaires and corporate moguls converge on Idaho’s Sun Valley resort in early July for Allen & Co.’s annual conference, the investment bank may need to give a lot of thought to the seating chart.
 
Quite a few attendees expected to be at this year’s confab are at each other’s throats. Take CBS Corp. Chief Executive Officer Les Moonves. He’s locked in a legal fight for control of the broadcast company with top shareholder Shari Redstone, who is also on the guest list.
 
Comcast Corp. Chairman Brian Roberts is invited as well. He’s battling Walt Disney Co. CEO Bob Iger for control of 21st Century Fox Inc.’s entertainment assets, a deal worth at least $52 billion. Fox founder Rupert Murdoch, along with his sons Lachlan and James, are also invited, according to a list of guests obtained by Bloomberg.
 
The Sun Valley conference, held annually at the bucolic resort after the July 4 holiday, is a chance for many of the world’s richest and most powerful people to mingle and attend panels on politics, technology and other issues. Some of the most memorable deals in media history have been hatched there, including Amazon.com Inc. founder Jeff Bezos’s purchase of the Washington Post.
 
Charlie Rose
 
Disgraced movie mogul Harvey Weinstein, a regular guest in years past, is not on the list. But former CBS TV anchor Charlie Rose, who stepped down from hosting his multiple shows amid harassment allegations, is slated to attend. A now-defunct show by Rose was taped at Bloomberg Television headquarters in New York.
 
The guest list also includes Tom Brokaw, who has strenuously denied allegations of harassment, including claims he tried to force a coworker to kiss him on more than one occasion. Jerry Richardson, who recently agreed to sell his Carolina Panthers football team amid an investigation of workplace misconduct, has been invited too.
 
Being on the guest list is no guarantee that someone will attend. Two years ago -- when Shari Redstone was fighting to oust Viacom’s then CEO, Philippe Dauman -- both were invited but Dauman was a no-show.
 
Others listed as attending this year include Walmart Inc. CEO Doug McMillon, General Motors Co.’s chief Mary Barra and Berkshire Hathaway Inc.’s Warren Buffett. The world of sports is represented by, among others, New England Patriots owner Robert Kraft, National Hockey League commission Gary Bettman, and agent Casey Wasserman, who heads the group bringing the Olympics to Los Angeles in 2028.
 
 

One subscription. Two world-class reads.

Already subscribed? Log in

Subscribe to read the full story →
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

Next Story