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Poor Herb Allen. You spend your entire career serving as trusted advisor and investment banker to old media titans like Rupert Murdoch, Barry Diller, Dick Parsons, Bob Iger, Jeff Zucker, Gerry Laybourne, Paul Allen, and Oprah, and then a party-promoting new media group mixes you up with the guy who founded CourtTV? Oh, kids! [Gawker, NYO, The Deal, Flickr]
Rupert's Ring Still Missing! | Herb Allen's annual confab in Sun Valley ended on Friday, although many stayed around for Herb's big closing dinner on Saturday night, replete with ice dancers. So what happened to Rupert Murdoch's wedding ring, which he lost on Friday? It's still missing! "The ring is theoretically still in some crevice in the Sun Valley Lodge lobby or along some bike path," says to the Hollywood Reporter. Go to it, people! A lifetime subscription to the Post awaits you. [HR]
Idaho in July | Tom Brokaw bike riding! A sickly looking Henry Kravis in jeans! A creepy Mike Ovitz wearing a T-shirt that reads "Student Life Adviser." Photos of Day 1 of Herb Allen's Sun Valley media summit are online. [HuffPo]
It won't be quite as cheery as usual at Herb Allen's annual media mogul retreat, which kicks off today in Sun Valley. This time last year, the credit crisis was but a blip on the radar. Oh, how things have changed over the past twelve months. Without the billions on hand to close big deals, the economic downturn has made life pretty depressing for the master-of-the-universe set. But gather they will— the tennis and hiking must go on, damnit—and aside from the handful of players who were dropped from the invite list on account of their declining influence, all the media big shots are expected. Among those who will be cruising in on their company-owned jets: Rupert Murdoch (along with son Lachlan), Warren Buffett, Viacom chief Philippe Dauman, Les Moonves, Howard Stringer, Edgar Bronfman Jr., Jeff Bewkes and Dick Parsons of Time Warner, NBC's Jeff Zucker, Universal's Ron Meyer, Paramount chief Brad Grey, and Disney's Bob Iger. More
