Jared Kushner, boy wonder real estate scion and New York Observer owner: watch, as the young man fumbles his newspaper business and insults his staff! Marvel at his father's family-destroying schemes! And, his secret for attracting Ivanka Trump, below!

Barry Diller is cornering guys in the bushes, Harvey Weinstein is "stress eating" and Tom Freston's wife is letting it all hang loose. Here's a gallery of the summer fun you're missing at Allen & Co.'s annual Sun Valley schmoozefest.

The blog ScriptShadow got hold of the first draft of Aaron Sorkin's Facebook movie. The verdict? The movie reads oddly mesmerizing, and has an unexpected hero: Sean Parker, an early investor in the social network.

It's that time of year again, time for the Allen & Co's annual media industry confab in Sun Valley, Idaho. Occasionally described as a "summer camp for billionaires," the Herb Allen-hosted event is expected to atrract more than 250 media chiefs, tech moguls, financiers, Hollywood agents, and politicians, as well as the odd sports star or two. (LeBron James will be putting in an appearance this year.) Mostly, however, it will be populated by the sort of people who make it a point to show up every year, people like Bill Gates, Warren Buffett, Barry Diller, Sumner Redstone, and Rupert Murdoch, all of whom will undoubtedly be photographed over the coming days taking part in one of the many leisure activities arranged for attendees, like rafting, yoga, chess, bridge (a particular fave of Buffett and Gates), and biking (see Diller, left).

Sure, Marc Andreessen is now helming a $300 million investment fund, but where is the Netscape co-founder investing his own money? On that surefire moneymaker, professional blogging.

Were you aware there are two groups of real estate moguls with the last name Trump running around town and they're not even related? The Real Deal has the story on the "other Trumps"—Eddie Trump and his brother Jules—who not only have "no financial, philosophical or even familial ties to Donald Trump," they actually kind of despise one another, too. "The difference with Eddie and Jules is that they build their own buildings," explains an employee of the lesser-known Trumps who goes on to describe Donald as a "peddler." "They don't take a label and stick it on somebody else's product. Donald Trump isn't that involved in his projects. He comes down, makes three appearances, gets his commission and goes away." Eddie and Donald do seem to both enjoy posing with B-listy celebrities like Hayden Panettiere and CariDee English—and they both appear to be rather fond of lavender clothing—so if you inadvertently figured they were related, well, you're forgiven. [The Real Deal]

Today we learned that Vibe Magazine was folding. Now Vibe founder Quincy Jones is distraught over the news and determined to swoop in and save the magazine. How? "I'm'a take it online because print and all that stuff is over."

Airport-security gimmick Clear is just the latest example of Steven Brill failing investors (see also: Brill's Content, Inside.com, etc. etc.). But this time the mogul is just stone-cold ripping off customers, too, pocketing their half-used $200 membership fees.

As the L.A. media otherwise disappers, Jay Penske is in empire-building mode. His hitherto low-profile Mail.com Media Corporation acquired Nikki Finke's showbiz blog and he backed Movieline in April. From what we've gleaned, the guy's a true Tinseltown dreamer.

Steven Brill has a reputation for being a media wise man—a deep-thinking mogul who's always spotting the opportunities of The Future. Which is kind of strange, since the majority of his projects have been ostentatious failures.

Sure, Rupert Murdoch and Silvio Berlusconi pretend they're fighting about a hot young model who calls Berlusconi her "papi." But that's just a banal cover story for what really gets the two men hot and bothered: media properties!

It's a bold new future at the Huffington Post: investors have installed their own CEO; a CBS producer will launch a Gotham edition next month. Nevertheless, insiders are murmuring about belt-tightening, starting at the top.

Ho ho, what do people who buy a copy of "Dillerland," a biography of married media mogul Barry Diller, also buy, according to the Amazon.com robots?

Barry Diller's effort to pawn off Very Short List, his failed shopping newsletter for the rich, is turning into a classic New York media folly — a big drama over a puny digital property.

Superagent Ari Emanuel is the most powerful man in Hollywood, according to the New York Times.

Mark Ebner's scandal-filled book about Paris Hilton was released in January. One chapter—full of prostitution allegations against billionaire Clinton pal Ron Burkle—was cut. Now it's been released! And it's salacious, even by Ron Burkle standards:

Gnomish billionaire CEO of the bankrupt Tribune Co. Sam Zell may give up control of his company to creditors. Is it too early to declare Zell the biggest failure of the "Death of Newspapers" era? No, let's just declare it!

Mark Cuban concedes his HDNet has been permanently kicked off Time Warner Cable Systems nationwide. It's a rough time for the mouthy internet entrepreneur.

It's not clear what Chase Carey is thinking: The DirecTV CEO is poised to become vice chairman at Rupert Murdoch's smaller News Corp., where he has virtually no shot at the top job.

Though she's been depicted strangling newspapers and stealing their content, Arianna Huffington was just warmly praised by the Washington Post's publisher. There are several reasons for this, starting with her comment about "very weird porn."