Boutique investment bank Allen & Co. hosts a swanky gathering of media moguls each summer in Sun Valley, Idaho.
According to Reuters, there are no mega mergers on the docket this year, but there is significant interest in individual media assets such as TV stations, radio companies and newspapers.
Disney CEO Bob Iger arrives in Sun Valley on Tuesday
“TV network affiliates as well as radio stations are areas where, by virtue of upside down capital structures and a rebound in national and local advertising, the private equity community has a high interest to put funds to work,” said BankStreet investment banker Scott Singer.
Another are of interest is mobile and social media.
“Something we’ve been spending a lot of time on is how do we focus on Facebook, Foursquare or MySpace — the whole social media,” said David Zavlav, chief executive of Discovery Communications Inc, said shortly after arriving at the Sun Valley Lodge. “People are going to spend more time on Discovery if their friends spend more time on Discovery.”
L.A. Times has more on the activities in Sun Valley this week.
