Rupert Murdoch to Attend Sun Valley Conference

SUN VALLEY, Idaho — Rupert Murdoch will attend Allen & Co.’s Sun Valley conference this week, Variety confirmed.

The annual event colloquially known as “Summer Camp for Billionaires” kicks off as usual on July 5 at Sun Valley Lodge in the titular Idaho resort town. Murdoch, 91, arrived at the scene on Monday during the July 4 holiday, according to a source familiar with the matter, two days after the Fox Corp baron. and News Corp. attended the wedding of granddaughter Charlotte Freud to rapper Lukey Storey in the UK.

Murdoch’s decision to come to the Sun Valley retreat – an event he has attended many times over the years – comes as an interesting surprise, as his name was not on the Sun Valley guest-only guest list obtained by Variety last month.

However, Murdoch’s sons James Murdoch, CEO of Lupa Systems, and Lachlan Murdoch, the current CEO of Fox Corp., were both already expected. The two brothers are apparently on very different sides of the political aisle these days, with James, having left the family business at Fox, moving to the center and Lachlan, now firmly ensconced at the top of Fox Corp., standing behind Fox News amid ever-increasing criticism of his involvement with former President Donald Trump.

Rupert Murdoch’s choice to attend Sun Valley also comes amid a $1.6 billion defamation lawsuit against Fox News and Fox Corp by Dominion Voting Systems, and on the heels of a divorce announcement. by Murdoch with Jerry Hall. Murdoch and the 65-year-old model tied the knot in 2016, marking Murdoch’s fourth marriage. Murdoch and Hall attended Sun Valley together in 2018.

Murdoch was behind the sale of most of 21st Century Fox to the Walt Disney Co. in 2019 in a deal valued at $71.3 billion. He is currently Chairman of Fox Corp., a publicly traded entity that owns Fox Broadcasting Company, Fox Television Stations, Fox News, Fox Business and Fox Sports. Through News Corp., the publishing empire of which he remains executive chairman, Murdoch controls the Wall Street Journal, the Sun and book publisher HarperCollins.

Matt Donnelly contributed to this story.