Media confab kicks off amid sweeping changes
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SUN VALLEY, ID - JULY 09: Sheryl Sandberg, chief operating officer (COO) of Facebook, and her husband David Goldberg, CEO of SurveyMonkey, attend the Allen & Company Sun Valley Conference on July 9, 2014 in Sun Valley, Idaho. Many of the worlds wealthiest and most powerful businessmen from media, finance, and technology attend the annual week-long conference which is in its 32nd year. (Photo by Scott Olson/Getty Images) ORG XMIT: 500033463 ORIG FILE ID: 451902774(Photo: Scott Olson Getty Images)The annual retreat of the media industry's most exclusive club kicks off in earnest today at the Sun Valley resort in Idaho, as CEOs of Silicon Valley giants, cable companies, Hollywood studios and hot tech startups seek out each other for casual networking, doing deals and a bit of business intelligence.With nearly all major media and tech moguls and bigwigs invited, the confab, hosted by investment bank Allen & Company, is largely closed to the press. The event is occurring at a time of a sweeping media consolidation and mega-mergers unleashed by technological changes and evolving consumer behavior. AT&T's deal to buy DirecTV and Comcast's still-pending merger with Time Warner Cable will be frequently discussed. And attempts at early seeding of other deals are expected.Amazon Chairman Jeff Bezos's $250 million purchase of the Washington Post took root at the conference last year as Bezos and Don Graham, whose family controlled the paper, whispered on the sidelines. During the same event, Liberty Media chairman and cable legend John Malone made news by urging cable companies to buy Neflix competitor…
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