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SUN VALLEY, Idaho — Last year, Luke’s Family Pharmacy on Main Street had a run on wheelchairs during the height of this mountain resort’s summer season. This year, it might be aspirin.
Media moguls, tech barons, entrepreneurs and others are gathering Tuesday at Idaho’s Sun Valley Lodge for the annual conference and retreat hosted by investment bank Allen & Co. The movers and shakers come together at a time of disruption and transformation in the industry and turmoil and division in the culture at large.
Fates - Media - Companies - Air - Battle
The fates of the largest media companies are up in the air amid the battle for control of 21st Century Fox between Disney and Comcast, the dynastic drama surrounding CBS Corp. and Viacom, and AT&T closing the deal at long last for Warner Bros., HBO, and Turner. And then there’s the specter of the FAANG giants and their ambition expand in the content arena — the competitive threat that is fueling so much of traditional media’s M&A activity.
On Monday afternoon, as the temperature in Sun Valley topped 90 degrees, the mood outside the spacious resort was akin to an award show red carpet just before the limo swarm arrives. Hotel staffers were busy putting out the finishing touches — including plenty of pens and pads of paper — in the ballrooms and meeting rooms that will host the A-listers for the...
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