Rupert Murdoch's third wife Wendi Deng is going to have his balls handed to him if he doesn't find the wedding ring he managed to lose at the annual Allen & Co. media orgy in Sun Valley. The News Corp. mogul had a few too many at the Lodge bar and, en route to losing his sobriety, also lost his wedding ring. A 15-minute reporter-fueled search — must obey The Man's orders! — failed to turn it up. Forbes's 73rd richest man in the world … laughing stock of the upper echelon. [Reuters]

Jeff Zucker has used Allen & Co.'s Sun Valley media confab to once again deny that NBC is looking to be sold or spun-off, attracting a round of giggles from on-lookers. [Reuters]