Congratulations, Hollywood: you're officially irrelevant at the annual Allen & Co investment conference in Sun Valley this week. I've just been read the in-room schedule, and not a single Big Media company is presenting. Obviously, Wall Street thinks your bottoming stocks are a lost cause. Isn't that special. Instead, the panels are filled with Digital, Internet, Health Care, Foreign, Iran and similar discussions. Not a thing about movies or television or old media entertainment, from what I can gather. Omaha oracle Warren Buffet, General David Patraeus and King Abdullah Of Jordan, not you, will be giving individual presentations. Go home.