Predictions for Sun Valley’s Summer Camp for Billionaires

The Town with Matthew Belloni

The Ringer

Society & Culture

4.3 • 1.1K Ratings

🗓️ 5 July 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Matt is joined by Bloomberg’s Lucas Shaw to discuss the annual Sun Valley conference, dubbed a “summer camp for billionaires,” where chief executives and board chairmen gather for private conversations that often lead to major deals across the tech and media landscape. Matt and Lucas discuss their experience attending Sun Valley conference in the past and prognosticate over which conversations could and should take place. Host: Matt Belloni Guest: Lucas Shaw Producer: Craig Horlbeck Theme Song: Devon Renaldo Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:29.6	All right, it is Tuesday, July 5th. It is post-holiday weekend.
0:38.2	For most of us, that means slinking back into work and figuring out how to while away
0:44.1	the summer days.
0:45.8	For billionaires and media moguls, it means you are probably headed to Sun Valley, Idaho.
0:51.7	That is the site of the annual Allen & Company Conference,
0:55.5	aka Summer Camp for Billionaires.
0:58.2	It is a conference where the top executives
1:01.3	at most of the media and technology companies
1:03.6	gather for a week of conferences, meetings,
1:08.2	presentations, chatting, avoiding the journalists who stake you out from the bar and try to ask you questions.
1:14.7	There's a long history in media of big deals happening at this conference. I mean, it's where Disney decided to buy ABC.
1:22.9	It's where Jeff Bezos met with the owner of the Washington Post and decided to buy the post.
1:28.9	General Electric, which owned NBC at the time, ended up selling the network to Comcast over
1:35.3	drinks at this event.
1:37.5	It's a big deal for people in the media world.
1:39.3	And yet, we know almost nothing about the actual conversations that happen.
1:44.0	People say they know, and sometimes
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