Dow Jones Co.

News Corp. Chairman Rupert Murdoch plans to forgo making deals at this year's Allen & Co. media retreat, dampening the five-day event renowned as an incubator for big-time media and Web combinations.

"Not today, not this week," Murdoch told reporters Wednesday morning on his way to the annual retreat's opening breakfast. Murdoch built his media and entertainment empire through brash dealmaking at Sun Valley and elsewhere, including last year's purchase of Dow Jones Co., publisher of the Wall Street Journal.