![]() Five months later, it was announced that GE would sell its controlling interest in NBCUniversal to Comcast. ![]() In 2009, Comcast co-founder Ralph Roberts and then-COO Steve Burke met with GE CEO Jeffrey Immelt in Sun Valley. had agreed to purchase Dow Jones for about $5 billion. via PerilOfAfrica Sun Valleys Mogul Conference Is Back In Session: Top officials from business, government and more have returned to Allen & Companys. Within days of the close of the conference, the Wall Street Journal reported that News Corp. In 2007, the availability of Dow Jones & Co. Within three years, Time Warner dropped AOL from its name and took a $99 billion write-down because of the ill-fated merger. In 1999, Time Warner CEO Gerald Levin had a conversation with AOL CEO Steve Case that several months later resulted in AOL Time Warner, a $164 billion deal. Nine years later, he was named Disney CEO. Three weeks after the 1996 Sun Valley gathering, Disney purchased CapCities/ABC for $19 billion, a deal that brought Bob Iger to the conglomerate. Here, though, are some examples of past deals that appear to trace their beginnings to the Sun Valley extravaganza. This year is expected to be no different, though specific predictions are difficult. Media moguls typically use the conference hosted by Allen & Co., a boutique investment banking house, to schmooze (one attendee last year called it a “ suckfest”) and sometimes brainstorm potential partnerships, acquisitions and mergers. Last year, OWS activists wearing T-shirts emblazoned with “Greed Kills” hung a banner reading “White Collar Crime Scene” and laid on the ground as if murdered near a restaurant where Google co-founder Sergey Brin and New York Mayor Michael Bloomberg were dining. Probably not making a repeat performance this year will be Occupy Wall Street protesters, given that the movement has lost significant steam over the past several months. It’s not known yet whether Barry Dillerwill make the trip (he did last year), but his Aereo, which some TV executives deem a fancy device for enabling piracy, no doubt will monopolize a few conversations whether or not he’s there to defend the gadget. It’s down even further since last year’s event. Bids are due Friday, and DirecTV and a couple of other suitors reportedly are willing to shell out more than $1 billion for the streaming-media company, which garnered $695 million in revenue in 2012 from advertising and from the 4 million subscribers to its Hulu Plus service.Īnother repeating topic might be the performance of Facebook stock, given that its high-profile initial public offering was just 2 months old at the last gathering, but its stock had already dropped like a stone and made a partial comeback by then. When I was a kid growing up in black New Orleans in the 1960s, O.J. This year, industry insiders no doubt will already know details of a bidding process that’s underway. My conversation with Jay-Z began with O.J. and NBCUniversal – were wondering aloud what to do with the Internet asset. Last year and the year prior to that, its owners – Disney, News Corp. Published on A great moment in a skiers journey is looking back up a hill after having skied a steep, rough mogul run once thought impossible. This year, attendees can gauge the early success of that decision, given that Friday will mark the first day that 21st Century Fox and the new News Corp are officially considered separately traded companies.Īnother repeat might be Hulu. was a hot topic, given it had recently announced its intention to split into two entities. PHOTOS: 10 Highly-Paid Entertainment CEOs Wendi Deng was there last year but probably won’t be this year because Rupert Murdoch is divorcing her. is expected to be well represented, with Rupert Murdoch and sons James and Lachlan Murdoch scheduled and probably president and COO Chase Carey, too. In the 1970s he reissued many of those recordings, helping spur interest among new generations of listeners in the pivotal records of some of rock’s greatest figures.And News Corp. Phillips had famously sold Presley’s contract, and master recordings, in 1955 to RCA Records for $35,000, but Singleton wound up owning what’s considered one of the seminal catalogs of early rock ‘n’ roll. With the profits from that million-seller, Singleton bought rights to the Sun Records name and thousands of master recordings made by the label’s visionary founder, Sam Phillips, who had discovered Elvis Presley, Lewis, Cash, Roy Orbison, Carl Perkins and dozens of other rockabilly, blues and R&B acts. and he played it immediately, just a few hours after we had recorded it.” Shelby had cut acetates and got them to radio stations all over the place. “I was going to Gatlinburg in eastern Tennessee for a long weekend, and when I was driving back, I started hearing it on the radio. ![]() session on a Thursday night, I think,” said Kennedy, who played the dobro prominently featured on the track.
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