Business heavyweights gather in Idaho for Allen and Co. media conference

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AOL CEO Tim Armstrong looked prepared as he arrived at the conference clutching onto a folder and paperwork on July 8, 2014.

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Vanity Fair Editor-in-Chief Graydon Carter arrives for the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho.

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Rupert Murdoch, Twenty-First Century Fox Inc CEO (l.), arrives with his son Lachlan and his daughter-in-law Sarah for the first day of the Allen and Co. media conference in Sun Valley, Idaho on July 9, 2014.

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Amazon founder and CEO Jeff Bezos was among the guests at the Allen & Co. Media and Technology Conference on July 8, 2014. Many of the world's wealthiest and most powerful businessmen from media, finance, and technology attended the annual week-long conference which is in its 32nd year.

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Candice Bergen and husband Marshall Rose arrive for the first day of the Allen and Co. media conference in Sun Valley, Idaho on July 9, 2014. The conference is the year's most exclusive tech and media industry gathering.

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New York Knicks president Phil Jackson arrives on a cart for the first day of the Allen and Co. media conference on July 9, 2014.

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Financial Times editor Lionel Barber took a moment to pose for photographers as he made his way to the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho.

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Twitter CEO Dick Costolo waved to photographers on the conference's first day.

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Sheryl Sandberg, chief operating officer (COO) of Facebook, attended the Allen & Company Sun Valley Conference on July 9, 2014 in Sun Valley, Idaho.

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The Sun Valley Resort in Idaho is a remote and luxurious resort that provides the perfect location for the exclusive conference. Private jets fill the Sun Valley Airport lot as the industries' biggest names begin to arrive.

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Diane von Furstenberg and her husband Barry Diller took the conference in stride (and style).

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New England Patriots owner Robert Kraft arrives for the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho.

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Donald Graham (r.), CEO of Graham Holdings Company, held hands with his wife Amanda Bennett as he arrived for the first day of the Allen and Co. media conference in Sun Valley, Idaho on July 9, 2014.

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Nathan Myhrvold, formerly Chief Technology Officer at Microsoft, now a co-founder and 40 percent owner of Intellectual Ventures, stopped to take a photo as he arrived at the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho.

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Television personality Charlie Rose arrived for the first day of the Allen and Co. media conference in Sun Valley, Idaho on July 9, 2014.

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GoPro founder and CEO Nick Woodman was all smiles as he arrived at the week-long conference, now in its 32nd year.

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Fashion designer Stacey Bendet looked stylish as ever when she arrived for the Allen & Company Sun Valley Conference on July 8, 2014 in Sun Valley, Idaho.