Murdoch speaks briefly to the media as he arrives the Allen and Company Sun Valley Conference in Sun Valley, Idaho

Rupert Murdoch, Australian-American media mogul and the Chairman and CEO of News Corporation, speaks briefly to the media as he arrives at the Sun Valley Inn before the start of the second day of the Allen and Company Sun Valley Conference in Sun Valley, Idaho on July 7, 2011. The annual conference that has taken place in Central Idaho since 1983 features invited attendance by world business elite, global political leaders, entertainment giants and major figures in international philanthropic and cultural spheres. REUTERS/Anthony Bolante (UNITED STATES – Tags: BUSINESS ENTERTAINMENT)

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