Redstone, a regular guest at the annual Sun Valley conference, had been keeping a low profile at this year's event. On Friday he agreed to speak to reporters in the lobby of the resort as other key players in the media world including News Corp. Chairman Rupert Murdoch and Time Warner Inc. CEO Dick Parsons strolled past.

Will sanity return to issues of media ownership? I don't think it was ever there to begin with..

Redstone: 'The age of the conglomerate is over'