Inside Sun Valley's 'Summer Camp For Billionaires'
The battle over the future of the Murdoch family's 21st Century Fox media empire was at top of mind for all the business moguls gathered at the 2018 Allen & Co. conference in Sun Valley, Idaho.
Cheddar senior reporter Alex Heath went inside the ultra-exclusive, secretive confab and spoke with former AOL CEO Steve Case, Discovery CEO David Zaslav, and Y Combinator President Sam Altman, among others.
Aside from the future of Fox, the consensus at this year's "summer camp for billionaires" was that tech giants like Netflix and Apple are forcing legacy media players to consolidate their businesses and change how they deliver their content in the streaming era.
"Companies are trying to position themselves for a future where consumers are going to have more choice, more control, and more convenience," Steve Case told Cheddar. "It's going to move from more traditional distribution models ー cable ー into a much more digital model. Clearly, it was going to happen, it's just taken a longer time than we would have thought."
With household expenses rising, going green can save you thousands. Cheddar News spoke with Sara Morrow from Consumer Reports about ways to help people slash their bills with climate-friendly home improvements.
About 61% of people who use the internet are addicted to it, according to research. Cheddar News dove in at a recent meeting for a 12-step program as part of a group called ITAA (Internet Technology Addicts Anonymous). The group ( https://internetaddictsanonymous.org/ ) was formed to help the growing number of tech addicts, with more than 6% of the globe's population now addicted, according to the University of Hong Kong.
The push for clean energy is igniting an interest in electric vehicles but charging EVs continues to be a concern for consumers looking to save. Brian Moody, executive editor with Autotrader, joined Cheddar News to discuss how people can make home-charging more affordable.
A fire at a New York City e-bike shop quickly spread to upper-floor apartments and killed four people early Tuesday in the latest deadly blaze linked to exploding lithium ion batteries.
Twitter is planning to pivot to video content, according to Reuters. Cheddar News explains how the tech giant looks to double down on video, creative and e-commerce strategies.
Twitter has a new plan for success, and it involves an old strategy. According to a recent report from Reuters, the platform plans to pivot to video, and Cheddar News Senior Reporter Michelle Castillo is here to talk about what video means for twitter’s future.
A hovercraft traveling from Cape Cod to Nova Scotia became a beachside attraction when it was deliberately run aground after suffering a 3-foot tear in its skirt.
