Morning News: Media Executives Gather In Sun Valley, Albertsons Owner Considers Selling, Blaine County Benefits From Biking

Cities to consider tax for air service – “Voters could be asked to decide in November whether the cities of Ketchum, Sun Valley and Hailey should levy an additional 1 percent local-option tax to ensure continued and expanded commercial air service. “ Idaho Mountain Express

Report: Biking brings millions to valley – “A preliminary report by economic development group Sustain Blaine shows that biking of all kinds brings at least $6 million to the county’s economy annually. “ Idaho Mountain Express

Celebrity-watching is Fine Sport on the First Day of Allen & Co. Conference – “The exclusive affair began in 1983 under sponsorship by the private investment firm owned by Herbert Allen Jr. And deals are struck. Last year, Zuckerberg huddled with Newark, N.J., Mayor Cory Booker and the social-network mogul soon donated $100 million to Newark schools. The conference also was the place where the merger between AOL and Time Warner was hatched a decade ago.” Times-News

Supervalu may hang ‘for sale’ sign – “Supervalu Inc.’s shares plunged in after-hours trading because the grocery chain reported a dismal first quarter, suspended its dividend and announced plans for “strategic alternatives.” “Our review … will be broad-based and include looking at the sale or other disposition of all or part of the company,” CEO Craig Herkert wrote in a letter to employees, according to Minneapolis media reports. (Supervalu is based in suburban Eden Prairie, Minn.) Bankruptcy, however, is not part of the review, Herkert told analysts.” Idaho Statesman