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Old and new money meet at billionaires’ annual retreat

The media billionaire was in Sun Valley along with Bob Iger, a crop of Democratic presidential hopefuls and the tech elite for the annual Allen & Co gathering.

Nick Bonyhady

Selling Network Ten must be good for one’s disposition. Billionaire Shari Redstone, who this week agreed to sell her Paramount conglomerate that includes the television station, looked ebullient as she arrived at the Sun Valley conference on Tuesday (Wednesday AEST).

“We’re going to save the world together,” Ms Redstone said, according to Bloomberg.

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Nick Bonyhady is a technology writer for the Australian Financial Review, based in Sydney. He is a former technology editor, industrial relations and politics reporter at the Sydney Morning Herald and Age. Connect with Nick on Twitter. Email Nick at nick.bonyhady@afr.com

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    Original URL: https://www.afr.com/companies/media-and-marketing/selling-network-ten-looks-good-on-shari-redstone-20240710-p5jsil