The mountains are as gorgeous as ever, the deal climate not so much as boutique investment bank Allen & Co. prepares to host its annual Sun Valley retreat. After guests arrive on Tuesday, official activities get under way Wednesday.
The annual ritual of media-mogul whitewater rafting and shop talk is a 40-year, post-July 4 tradition. It was suspended in 2020 during the worst of Covid but returned last year in a pared-down, masked-and-vaxxed version soon after two major deals were announced — the Warner Media/Discovery merger and Amazon’s planned takeover of MGM. Discovery’s then CEO David Zaslav’s first comment to the Sun Valley press cadre a year ago: “We’re not done yet.”
Now he’s chief executive of the new Warner Bros. Discovery and will likely be more circumspect as the high-debt company tries to deliver on a promised 3 billion in cost savings, and, with its peers, weather a brutal stock market,...
The annual ritual of media-mogul whitewater rafting and shop talk is a 40-year, post-July 4 tradition. It was suspended in 2020 during the worst of Covid but returned last year in a pared-down, masked-and-vaxxed version soon after two major deals were announced — the Warner Media/Discovery merger and Amazon’s planned takeover of MGM. Discovery’s then CEO David Zaslav’s first comment to the Sun Valley press cadre a year ago: “We’re not done yet.”
Now he’s chief executive of the new Warner Bros. Discovery and will likely be more circumspect as the high-debt company tries to deliver on a promised 3 billion in cost savings, and, with its peers, weather a brutal stock market,...
- 7/2/2022
- by Jill Goldsmith
- Deadline Film + TV
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