Current and Former Yahoo CEOs to Attend Allen & Co. Sun Valley Gathering (Report)
Next month's annual Allen & Co. retreat for media and tech moguls in Sun Valley, Idaho will bring together the usual suspects among entertainment industry CEOs, but also the current interim CEO and several former bosses of online giant Yahoo.
The New York Post reported that Ross Levinsohn, who took over Yahoo as interim CEO following the departure of Scott Thompson after a resume controversy, will attend the post-July 4 “summer camp” for moguls. The event organized by Herb Allen, the head of boutique investment firm Allen & Co., is known as a place where introductions are made and mergers and other deals that later get struck are first discussed
Thompson is not on the guest list, but recently ousted chairman Roy Bostock is, the paper said. Yahoo founder Jerry Yang, who served as interim CEO and chairman before stepping down from all company functions in January, is due to attend as is former Yahoo CEO and Warner Bros. co-CEO Terry Semel.
As has been the case so often in recent years ahead of the Allen gathering, attendees and industry observers are looking for signs that Apple's boss is attending. Steve Jobs, who dies last year, didn't go to Sun Valley in recent years, but the Post said that there seems to be a greater chance that successor Tim Cook will attend amid rumors that the tech giant is planning to launch its own Apple TV set. It also said that Jobs’ widow, Laurene Powell Jobs, will be mingling with moguls this year.
Apple's role in the entertainment industry and the future of the TV Everywhere initiative to make more TV content available online to pay TV subscribers are expected to be among the topics of this year's Allen & Co. gathering. Last year, the future of Hulu was among the hot topics.
Among entertainment moguls, News Corp. chairman and CEO Rupert Murdoch, who last year attended amid the re-erupted phone hacking scandal, is expected to travel to Sun Valley. Time Warner chairman and CEO Jeff Bewkes, Comcast boss Brian Roberts and others are also expected.
The Sun Valley gathering, which features seminars and outdoor activities such as rafting, biking and golfing, kicks off July 10.