Sun Valley: Diller and Malone Pessimistic on Twitter

Allen & Co.’s Sun Valley, Idaho, media fest got off to a gloomy start Wednesday, with downbeat panel discussions on the economy (getting worse) and the digital future (looking murky).

Erin Burnett of CNBC opened the conference by moderating a discussion between investor Wilbur Ross, MIT professor Simon Johnson and American Express (AXP) CEO Kenneth Chenault.

The prognosis for the economy from the experts was bearish, according to members of the audience. “It was interesting but gloomy,” said Ken Auletta, the New Yorker writer who attended the meeting, closed to press.

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