While the Independence Day holiday is over, the media and tech industry is readying its own brand of fireworks as a veritable who's who of executives and up-and-comers descend on a tiny town in Idaho for Allen & Company's idyllic Sun Valley Conference.

Past years have been especially eventful, with mergers resulting (Disney buying ABC/Capital Cities, then buying Marvell), charitable partnerships struck ( Mark Zuckerberg donating $100 million in Facebook stock to Newark, NJ) and strategic future relationships forged (like Allen & Co. nabbing advisory roles on some of the biggest IPOs and deals of the last three decades).

This year is no different, as the technology, media and telecoms (commonly mashed together as “TMT”) continue to change face overnight.

A sampling of the current events expected to come to the fore this week:

As I reported last week , Yahoo!’s board will meet on Wednesday in an attempt to put in place the company’s third CEO in as many years ahead of Thursday’s shareholder meeting. Activist investor Dan Loeb previously pushed for former global media head Ross Levinsohn to nab the top spot, where Levinsohn has been serving in the interim and remains the frontrunner.

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