Sun Valleys summer camp for billionaires is offering knitting classes this year heres why we shouldnt be surprised

The schedule of activities is circulating at this year’s “summer camp for billionaires” in Sun Valley, Idaho – and “knitting” is on the agenda, On The Money has learned.Yes – Allen & Co.’s annual shindig for media moguls and tech tycoons is featuring the usual panel discussions.On Thursday, Pennsylvania Sens.

John Fetterman and David McCormick will get interviewed by CNN’s Erin Burnett. That’s after Andrew Ross Sorkin on Wednesday interviewed Ken Griffin – who repeated how Zohran Mamdani’s Bolshevik-style TikTok outside his Manhattan penthouse “creeped him out” because of what happened with the UnitedHealthcare CEO, according to one attendee.But it was the “knitting” activity – slated for 2:30 p.m.Mountain Time, both Wednesday and Thursday – that seemed to capture the zeitgeist at this year’s festivities, I am told.

It was as if the bankers at Allen & Co.had set out to prove that big media as we know it is on its last legs.Comcast CEO Brian Roberts – who rocked the media world last week when he revealed plans to spin off the cable giant’s NBCUniversal division – was onsite with Mike Cavanagh, who will lead NBCU while Michael Angelakis will run the cable unit. “Brian is looking a little depressed,” a source at Sun Valley told me.“Even after the split, the stock hasn’t moved at $23.

He got no bounce and his personal net worth has taken a beating in recent years because he is held too long into two declining businesses.” That would be news and entertainment content (ie NBCU) and cable, which throws off cash but – because of cord cutting and wireless competition – a lot less than it used to.“Look, he’s number 499 in the S&P and Charter, the company he wants to buy, is number 500,” the source wisecracked.(In reality, Comcast is number 141 and Charter 422.)Elsewhere, Jeff Bezos and venture capitalist Marc Andreesen took the stage with Fox anchor Brett Baier also on Wednesday.

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