SUN VALLEY, ID - JULY 7: Rupert Murdoch, Chief Executive Officer of News Corp, attends the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: (L to R) Herbert Allen, former president of Allen and Company, walks with Jeffrey Katzenberg, Chief Executive Officer of DreamWorks Animation, as they attend the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: (L to R) Herbert Allen, former president of Allen and Company, walks with Jeffrey Katzenberg, chief executive officer of DreamWorks Animation, as they attend the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: John Malone, businessman and former chief executive of Tele-Communications Inc., attends the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: (L to R) Herbert Allen, former president of Allen and Company, walks with Jeffrey Katzenberg, chief executive officer of DreamWorks Animation, as they attend the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: John Malone, businessman and former chief executive of Tele-Communications Inc., attends the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: Fashion designer Diane von Furstenberg walks with husband Barry Diller, chairman of IAC/ActiveCorp and Expedia, Inc., as they attend the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)

SUN VALLEY, ID - JULY 7: Rupert Murdoch, Chief Executive Officer of News Corp, attends the annual Allen & Company Sun Valley Conference, July 7, 2016 in Sun Valley, Idaho. Every July, some of the world's most wealthy and powerful businesspeople from the media, finance, technology and political spheres converge at the Sun Valley Resort for the exclusive weeklong conference. (Photo by Drew Angerer/Getty Images)