Liguori named CEO of Tribune Co.

Peter Liguori named CEO of Tribune Co.

Television executive Peter Liguori was named the new chief executive of Tribune Co. Thursday, taking the reins of the reorganized Chicago-based media company weeks after its emergence from bankruptcy.

In a widely expected announcement, Liguori, 52, a former top executive at Fox Broadcasting and Discovery Communications, was confirmed by Tribune Co.'s new seven-member board, which met for the first time Thursday in Los Angeles. In Chicago, Tribune Co. owns the Chicago Tribune, WGN-Ch.9 and WGN-AM.

"It can be daunting; I tend to view it as being exciting," Liguori said in an interview about his new job. "It's just a company of tremendous media assets with big iconic brand names, and many of those names are in major markets."

Liguori said he looked forward to leading Tribune Co. into a new era, focusing on content development across all media platforms. And despite speculation by analysts and industry insiders that the company was unlikely to retain its full portfolio of TV stations and newspapers, Liguori said he is hoping to keep Tribune's broadcasting and publishing businesses together under one roof.

"I don't care if it's newspapers or TV or digital operations or our other media assets: I'm hoping to make them work together," Liguori said. "And I'm really interested in building the company through innovation and through commitment to our mission of creating compelling content and best-in-class services."

Liguori replaces Eddy Hartenstein, who has been CEO of Tribune Co. since May 2011. Hartenstein will remain on the board and continue as publisher of the Los Angeles Times. He also will serve as special adviser to the office of CEO, according to Liguori.

"Eddy has done an exemplary job taking this company through some very, very rough times," Liguori said. "He has done a very good job as the publisher of a key asset, and I will benefit from having his advice and counsel and institutional knowledge at my side."

Tribune Co. filed for bankruptcy protection in December 2008, saddled with a total of $13 billion in debt after real estate investor Sam Zell completed his $8.2 billion buyout less than one year earlier. It emerged from Chapter 11 on Dec. 31, 2012, with a healthy balance sheet, owned by its senior creditors: Oaktree Capital Management; Angelo, Gordon & Co.; and JPMorgan Chase & Co.

Bruce Karsh, president of Los Angeles-based investment firm Oaktree, the largest Tribune Co. shareholder with about 23 percent of the equity, was named chairman of the new board, which also includes Liguori; former Yahoo interim CEO Ross Levinsohn; entertainment lawyer Craig Jacobson; Oaktree managing director Ken Liang; and Peter Murphy, a former strategy executive at Walt Disney Co.

A Bronx native and Yale graduate, Liguori is a former advertising executive who transitioned into television more than two decades ago. He is credited with turning cable channel FX into a programming powerhouse during his ascent to entertainment chief at News Corp.'s Fox Broadcasting. More recently, he was chief operating officer at Discovery Communications Inc., where he helped oversee the rocky launch of the Oprah Winfrey Network. He became interim CEO in 2011 after the previous executive was forced out; he left the company when Winfrey made herself CEO of OWN. Liguori has been working since July as a New York-based media consultant for private equity firm Carlyle Group.

Liguori said job one will be assessing Tribune Co.'s diverse portfolio of assets, which include 23 television stations; national cable channel WGN America; WGN Radio; eight daily newspapers, including the Chicago Tribune and Los Angeles Times; and other properties, all of which the reorganization plan valued at $4.5 billion after cash distributions and new financing.

Despite its roots as a newspaper company, broadcasting has supplanted the declining publishing segment as the core profit center for the company. Liguori acknowledged broadcasting will be a focus going forward, but not necessarily at the expense of Tribune Co.'s newspaper holdings.

"I'm tasked to be a chief executive officer and a general businessman, and I'm going to take the same principles that I've used in broadcasting, and (extend) them out to all of our business," he said.

Liguori became president of Fox's FX Networks in 1998, when it was a small basic cable channel airing mostly reruns. Elevated to CEO in 2001, he remade FX by offering edgy original programming such as the "The Shield," "Nip/Tuck" and "Rescue Me," creating a string of first-run successes.

Unlocking the value of WGN America, which lags top cable networks such as TBS and FX, will be a priority, Liguori said.

"In this very co-dependent media environment, it's not just sitting there and focusing on how quickly we could grow the bottom line," Liguori said. "The bottom line is the outcome of great content, great marketing, which will drive great ratings, which will attract advertisers, which will further our relationship with affiliates, and will lead to natural growth based on the fact that we have high levels of usership."

Content development will also be key for Tribune Co.'s other media properties, including newspapers, Liguori said.

"I look at the newspapers and appreciate what we do for the local communities, and do recognize that the newspaper business is challenged right now," he said. "But how do we innovate, how do we go out and create stories, create coverage, servicing community and spreading that content across all media platforms?"

In the face of digital competition and sagging publishing industry revenue, Tribune Co.'s newspaper holdings have declined to $623 million in total value, according to financial adviser Lazard. With some newspaper owners expressing interest in acquisitions, Liguori said: "I have a fiduciary responsibility to hear those out."

"Those would be evaluated on an as-come basis. However, with all that being said, it's my job to make sure it doesn't stop me from focusing on our day-to-day business and growing the assets that we have."

He added: "Newspapers are a core part of our business."

Further, Liguori said all of Tribune Co.'s assets will be assessed, with an eye toward maximizing performance, and ultimately, value for the company. That includes real estate holdings such as Tribune Tower in Chicago and Times Mirror Square in Los Angeles, which were on the block until they were taken off the market in 2009.

"In places like Chicago and LA, particularly, there's a bunch of underutilized space that's being leased and has high demand and getting very good rates," Liguori said. "As I look toward the real estate assets, I've just got to ascertain what the value of the properties are and are we best utilizing them."

With a clean balance sheet and the company operating profitably, Liguori said strategic acquisitions will also be on the table, as Tribune aspires to be more of a growth company going forward.

"I think it really changes the driving mission of Tribune versus the past four years, where it undoubtedly had to be a bit shackled," he said. "I look forward to seeing what possibilities are out there and with great financial rigor and diligence, determining whether or not acquisitions would help us."

While the first board meeting was held in Los Angeles, Liguori said it doesn't presage a westward migration for the 166-year-old Tribune Co.

"The corporate office will continue to be in Chicago, and I'm going to be spending considerable time there," Liguori said. "There's great tradition and great history of Tribune being an iconic brand in Chicago."

rchannick@tribune.com | Twitter @RobertChannick

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Trestman: 'Passion' and 'urgency' to win with Bears

Marc Trestman emphasized passion, urgency and commitment and said he "can't wait to get my hands on" quarterback Jay Cutler when he was introduced Thursday at Halas Hall as the 14th coach in Chicago Bears history.

Trestman, 57, said the Bears were "clearly a franchise that has the highest expectations for its team."

"I do feel the passion, I do feel the urgency, and boy, do I feel the commitment to win," Trestman said.

General manager Phil Emery, in explaining his decision to fire former coach Lovie Smith more than two weeks ago, cited long-running offensive efficiencies for an organization that has typically looked to the defensive side of the ball for its highest leader.

Emery on Thursday described the interview process that led to Trestman this way: "It was an interesting road ... and a road well-traveled." He confirmed that Trestman, Colts offensive coordinator Bruce Arians and Seahawks offensive coordinator Darrell Bevell were the three finalists, with Bevell the first to be eliminated.

As to why he chose Trestman over Arians in the end, Emery cited adaptability, the fact that Trestman has been with numerous NFL teams as an assistant and also coached in the unfamiliar Canadian Football League and excelled at each stop.

"He’s had personal ups and downs, but in the end, where is he? He’s a champion and now he’s the head coach of the Chicago Bears," Emery said. "Do not underestimate Marc Trestman as a cmpetitor. He's as tough-minded as anybody I've been around. That's the kind of guy I want to be in a room with."

The challenge for Trestman will be bringing out the best in Cutler, whom the Bears acquired by mortgaging the future in 2009. The belief then was the young, Pro Bowl gunslinger was the missing piece. He’s played in two playoff games since, winning one. Now, Cutler will be 30 in April and is entering the final year of his contract. His future must be determined in the coming months and Emery made the handling of Cutler a key component of the interview process.

Trestman emphasized the importance of the quarterback position and also the offensive line that protects him.

"I'm going to be responsible for keeping Jay and our quarterbacks safe in the pocket," he said.

As for his role, Trestman said, "I get to be the GPS system of the team. That's the fun part."

Asked about Cutler, Trestman said he spoke with the quarterback recently over lunch and, "I can't wait to get my hands on him, and work with him. I think he's ready.

"This guy loves football. He wants to be great. Hopefully, we can give him some protection and some direction."

Cutler confirmed that he and Trestman had a two-hour sitdown and that neither of them touched lunch. "It was fun," Cutler told WMVP-AM 1000.

"Change isn't always bad," Cutler said. "I said that after we fired Lovie. That was a tough situation for everybody. But getting Marc Trestman and the direction we're going in, it's exciting."

Asked if the Bears had the right coach from an offensive aspect, Cutler said, "I think in every aspect of a coach, we got it right. We're going to hit the ground running. He's a hands-on guys, a high-energy guy, a high-tempo guy and he loves ball. Any time you're around a guy like that, it's infectious. It makes it fun going to work."

Trestman said he will continue to call the offensive plays: "I love calling plays. As long as Phil lets me, I get to do that. If it's in the best interests of the team, that's what I will start out doing."

Trestman termed his expected relationship with Cutler this way: "The No. 1 marriage in all of sports is the marriage between a quarterback and his coach." He said the quarterback "is going to have the keys to the car."

Trestman said he would sit down with Cutler and review every play from every game and that the quarterback would be evaluated "on a macro level and on a micro level. The big things he does that he wants to improve on and we want him to improve on, and the micro level, from taking the snap and dropping back and throwing the football and everything in between."

Asked about the pass/run balance on offense, Trestman said, "The only objective is to score touchdowns."

Under Smith, Dick Jauron and Dave Wannstedt, the three coaches that followed Mike Ditka, the Bears rarely have produced consistent offensive efforts. All three were defensive coordinators before coming to the club. While the Bears were stout defensively throughout Smith’s nine seasons, they were almost always deficient on offense.

With Trestman in place, the Bears will work to revamp the offense on the fly and take advantage of what remains a productive defense with aging core players. Trestman’s long history as a quarterback guru and innovative offensive mind pushed him to the top of a thorough coaching search by Emery.

On defense, Trestman said it all starts with pressuring the opponent's quarterback.

"We've got to hurry 'em, hit 'em and knock 'em down," he said.

Trestman said his first priority would be assembling a staff and said he had the final say. He said some of his assistants from the CFL's Montreal Alouettes could be joining him. Another candidate could be Scott Milanovich, head coach of the Toronto Argonauts and a former Maryland quarterback. Milanovich made a name for himself in the CFL as offensive coordinator of the Alouettes from 2008-2011.

"We've got to put together a staff of high character," he said. "Men who are experts in the science of football."

Asked about Rod Marinelli, Trestman said the veteran defensive coordinator wouldn't be staying.

"I had a chance to talk to Rod," Trestman said. "He's made up his mind I believe to move on."

Trestman said he and Emery would discuss the future defensive leadership.

Asked about Brian Urlacher, Trestman lavished praise on the veteran linebacker but stopped short of saying he definitely will be part of the defense going forward.

"I recognize what he's meant to this locker room," Trestman said.

Trestman said he would be open to playing a 3-4 defense, but that it would depend on his team's personnel and that he was aware of the success the Bears have enjoyed with the 4-3.

During a five-year stint as the head coach of the Alouettes. His team reached the playoffs in five consecutive seasons, winning two Grey Cup championships. Previously, he spent 17 seasons working as an assistant in the NFL for eight different organizations. He last worked for the Dolphins in 2004 under Wannstedt. Now, Trestman has the opportunity to operate his own club in the NFL, fulfilling a lifelong goal.

"Our goal will be to hold up a trophy," Trestman said.

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Singer Elton John a father for second time

LONDON (Reuters) – British pop star Elton John announced on Wednesday he had become a father for the second time after the birth via a surrogate mother of Elijah Joseph Daniel Furnish-John.

The “Rocket Man” and “Candle in the Wind” singer and his partner David Furnish confirmed the news in a short statement on John‘s official website, which also provided a link to an article in Hello! magazine.

“Both of us have longed to have children, but the reality that we now have two sons is almost unbelievable,” said the couple, who entered a civil partnership in 2005.

“The birth of our second son completes our family in a most precious and perfect way,” they told Hello!.

John, 65, and Furnish, 50, are already parents to Zachary, who is two. Elijah was born in Los Angeles on January 11.

“I know when he goes to school there’s going to be an awful lot of pressure, and I know he’s going to have people saying, ‘You don’t have a mummy,’” John said of his decision to have another baby.

“It’s going to happen. We talked about it before we had him. I want someone to be at his side and back him up. We shall see.”

(This story has been corrected to change magazine to Hello! from People in paragraph two)

(Reporting by Mike Collett-White, editing by Paul Casciato)

Music News Headlines – Yahoo! News

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US, EU and Japan ground Dreamliners

Federal officials say they are temporarily grounding Boeing's 787 Dreamliners until the risk of possible battery fires is addressed. (Jan. 16)

With its new plane ordered to stay on the ground, Boeing Co. confronts a full-fledged crisis as it struggles to regain the confidence of passengers and the airline customers who stood by the 787 Dreamliner during years of cost overruns and delivery delays.

A second major incident involving "a potential battery fire risk'' prompted the Federal Aviation Administration on Wednesday to temporarily ground all 787s operated by U.S. carriers until it is determined that the lithium-ion batteries on board are safe.

The order affects United Airlines, which is the first U.S. customer. The FAA gave no indication how soon the plane could resume flying.

On Thursday, the European Aviation Safety Agency followed suit, grounding all Dreamliners in Europe.

Japanese airlines grounded their 787s Wednesday after an emergency landing and five days after the FAA and U.S. Transportation Secretary Ray LaHood declared that the flying public is safe on Dreamliners. When it offered those assurances Friday, however, the FAA also announced a comprehensive review of the 787's design, manufacture and assembly.

Ethiopian Airlines grounded its four 787s Thursday for "precautionary inspection."

The grounding represents a significant setback for Chicago-based Boeing, which is marketing the fuel-efficient, mainly carbon-composite jetliner as a vision of the future of commercial passenger aviation. The development of the plane was marred by long production and delivery delays, but it is selling well and has customers around the world.

"We stand behind its overall integrity. We will be taking every necessary step in the coming days to assure our customers and the traveling public of the 787's safety and to return the airplanes to service," Jim McNerney, Boeing's chairman and chief executive, said in a statement. He said Boeing is working with the FAA to find answers as quickly as possible.

Chicago-based United Airlines has six 787s, but it has been flying only one on flights between O'Hare International Airport and Houston. The airline said Wednesday night that it will accommodate customers on other planes. The domestic 787 flights were to end in late March, when United's first 787s were to begin serving international routes. 

United said it "will work closely with the FAA and Boeing on the technical review as we work toward restoring 787 service."

Foreign carriers are not affected by the FAA order, but LOT Polish Airlines canceled its inaugural flight celebration at O'Hare on Wednesday night, even before the flight landed from Warsaw.

"We just think it would be inappropriate to go ahead with the activities," said Frank Joost, regional sales director of the Americas for LOT. He described the FAA grounding of 787 flights as a "surprise."

LOT also canceled the Dreamliner's return flight to Warsaw. Passengers hoping to depart on the 9:55 p.m. flight said they were disappointed. Many were rebooked on Lufthansa through Munich.

Suzy Zaborek, 27, of Chicago was at Chicago O'Hare on Wednesday night waiting for her father to arrive from Poland aboard the 787. He came home early specifically to ride on the inaugural flight.

Zaborek had not been following the Dreamliner woes in recent weeks and the dramatic groundings on Wednesday.

"I'm glad I didn't know because I wouldn't have let him get on on of those," she said.

The FAA decision to ground all U.S.-registered 787s was the direct result of an in-flight incident involving a battery earlier in the day in Japan, FAA officials said. It followed another 787 battery fire that occurred Jan. 7 on the ground in Boston.

Both failures resulted in the release of flammable materials, heat damage, smoke and the potential for fire in the electrical compartments, the FAA said.

"Before further flight, operators of U.S.-registered Boeing 787 aircraft must demonstrate to the FAA that the batteries are safe," the regulatory agency said. The statement said the FAA will work with Boeing and airlines "to develop a corrective action plan to allow the U.S. 787 fleet to resume operations as quickly and safely as possible."

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Obama unveils biggest gun-control push in decades

WASHINGTON - President Barack Obama proposed a new assault weapons ban and mandatory background checks for all gun buyers on Wednesday as he tried to channel national outrage over the Newtown school massacre into the biggest U.S. gun-control push in decades.

Rolling out a wide-ranging plan for executive and legislative action to curb gun violence, Obama set up a fierce clash with the powerful U.S. gun lobby and its supporters in Congress, who will resist what they see as an encroachment on constitutionally protected gun rights.

Obama presented his agenda at a White House event in front of an audience that included relatives of some of the 20 first-graders who were killed along with six adults by a gunman on Dec. 14 at Sandy Hook Elementary School in Newtown, Connecticut.

“We can't put this off any longer,” Obama said, vowing to use “whatever weight this office holds” to make his proposals reality. “Congress must act soon.”

Until now, Obama had done little to rein in America's gun culture during his first four years in office. But just days before his second inauguration, he appears determined to champion gun control in his next term with a concerted drive for tighter laws and other steps aimed at preventing new tragedies like the one at Newtown.

The proposals stem from a month-long review led by Vice President Joe Biden, who on orders from Obama met with advocates on both sides, including representatives from the weapons and entertainment industries.

Obama's plan calls on Congress to renew a prohibition on assault weapons sales that expired in 2004, a requirement for criminal background checks on all gun purchases, including closing a loophole for gun show sales, and a new federal gun trafficking law - long sought by big-city mayors to keep out-of-state guns off their streets.

He also announced 23 steps he intends to take immediately without congressional approval. These include improvements in the existing system for background checks, lifting the ban on federal research into gun violence, putting more counselors and “resource officers” in schools and better access to mental health services.

ASSAULT WEAPONS BATTLE

The most politically contentious piece of the package is Obama's call for a renewed ban on military-style assault weapons, a move that Republicans who control the House of Representatives are expected to oppose.

The Newtown gunman, 20-year-old Adam Lanza, used a Bushmaster AR-15 type assault rifle to shoot his victims, many of them 6- and 7-year-olds, before killing himself.

Underscoring the tough political fight ahead, the National Rifle Association, launched a scathing advertising campaign against Obama's gun control effort and deployed its representatives in force on Capitol Hill.

The NRA, which says it has about 4 million members, took aim at Obama in a stinging TV and Internet spot, accusing him of being “just another elitist hypocrite” for accepting Secret Service protection for his two daughters but turning down the lobby group's proposal to put armed guards in all schools.

As he announced the new gun measures, Obama was flanked on the stage by children from around the country chosen from among those who sent letters to him about gun violence and school safety.

“We should learn from what happened at Sandy Hook. I feel really bad,” a boy wrote in a portion that Obama read from the podium.

With gun ownership rights enshrined in the U.S. Constitution, gun restrictions have long been a divisive - and risky - issue in American politics.

But polls show that public sentiment shifted in favor of increased gun-control measures after the Newtown shooting, and Obama hopes to take advantage while there is a mood for action in Washington.

However, the White House is mindful that the clock is ticking. The usual pattern after U.S. shooting tragedies is that memories of the events soon fade, making it hard to sustain a push for gun policy changes.

Obama acknowledged the political challenges but made clear that he is prepared to take on the NRA, despite its widespread support among Republicans and significant backing among Democrats.

He warned that opponents of his effort would try to “gin up fear” and urged lawmakers to think more about the safety of schoolchildren than trying to “get an ‘A' grade from the gun lobby that supports their campaign.”

Obama's plan appears to tread cautiously on the question of whether violent movies and video games contribute to the gun violence, which would open up issues of freedom of expression.

A senior administration official said, however, that Obama would be asking for $10 million for the U.S. Centers for Disease Control and Prevention to study the root causes of gun violence, including any relationship to video games and media images.

Seeking to jump-start his plan, Obama also nominated Todd Jones to head the Bureau of Alcohol, Tobacco and Firearms, quietly abandoning Andrew Traver, whose nomination for the job has long been stalled. Jones is currently the acting director of the law enforcement agency.

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“GameStick” and NVIDIA “Project SHIELD” Consoles-in-a-Controller on Their Way

Both GameStick and NVIDIA’s Project Shield are upcoming game consoles the size of a game controller, which can hook up to a larger display. Both are powered by Android, Google‘s open-source operating system that’s normally used on smartphones and tablets. And both have working hardware prototypes already. But one is a $ 99 Kickstarter project by an indie group, while the other has the backing of two major companies in the PC gaming world — and will probably be a lot more expensive when it comes out.

Here’s a look at two upcoming TV game consoles that you’ll be able to fit in your pocket or handbag.

GameStick: Exactly what it sounds like

Imagine a tiny, rectangular game controller, sort of like a Wii Remote with more buttons and twin analog sticks. On one side is a plastic bump, that when you pull it off it becomes this gadget the size of a USB memory stick that plugs into a TV’s HDMI port. That’s GameStick, and with 19 days left to go in its Kickstarter fund-raiser it’s managed to raise more than three times the $ 100,000 its creators asked for.

GameStick will have 8 GB of flash memory, and a processor capable of handling modern AAA Android games like Shadowgun, plus 1080p video. If you don’t like the controller it comes with, you’ll be able to connect up to four of your own via Bluetooth, or even use your Android or iOS smartphone or tablet as a controller.

Project SHIELD: A controller that can stop bullets

Maybe it can’t literally serve as a shield. But at about the size of the original Xbox’s controller, the “portable” console NVIDIA showed off at this year’s CES sure looks like it can. It’s powered by a next-generation Tegra 4 processor, and features its own built-in 5-inch multitouch screen for gaming on the go. But it can also connect to a TV, and can even stream PC games via Steam’s Big Picture mode, which was designed for controller games.

A not-so-silver lining?

GameStick’s biggest weakness may be its developer support. Its Kickstarter page mentions the hundreds of thousands of Android games out there, but most of those are only on Google Play, which (unlike most of the rest of Android) is proprietary to Google. Time will tell whether its creators can get enough developers to write games for the platform by the time of its planned April launch, or enough gamers to buy games they might already have on their tablets.

In contrast, between full support for the Google Play store and PC game streaming from Steam, Project SHIELD will have thousands and thousands of games, and there will be no need to repurchase titles you’ve already bought from either store. There’s no word from NVIDIA yet, though, on how much its game console will cost or even when it will launch.

Jared Spurbeck is an open-source software enthusiast, who uses an Android phone and an Ubuntu laptop PC. He has been writing about technology and electronics since 2008.

Linux/Open Source News Headlines – Yahoo! News

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Arnold Schwarzenegger is back, but can he flex Box-Office muscle?

LOS ANGELES (TheWrap.com) – Arnold Schwarzenegger is back at the box office, but will anyone notice? We’ll find out on Friday, when he debuts as a kick-ass small-town sheriff in “The Last Stand,’ his first starring role in nine years.

When Schwarzenegger famously delivered his “I’ll be back” line in 1984, it was as a time-traveling android in “The Terminator.” Following his stint as California governor and a very messy divorce from Maria Shriver complete with love child, his return as a box-office force seems almost as unlikely as his role as a time-traveling android.

But Hollywood has embraced the return of California’s 65-year-old former “Governator.” He has three films coming out in the next 12 months and Universal is developing “Triplets,” a sequel to the Danny DeVito-Schwarzenegger comedy “Twins,” as well as another “Conan the Barbarian” movie.

But whether the movie going public is as excited as Hollywood about Arnold‘s return is an open question.

Lionsgate is distributing “The Last Stand,” an action film with a reported $ 50 million budget.

Directed by Korean director Kim Jee-woon and written by Andrew Knauer and Jeffrey Nachmanoff, “The Last Stand” is the tale of an aging border-town lawman drawn into a showdown with a drug cartel kingpin. Johnny Knoxville, Forrest Whitaker and Eduardo Noriega co-star. It was produced by Leonardo Di Bonaventura and was acquired by Lionsgate back in 2009 before Schwarzenegger was involved. Liam Neeson was attached to star at one point.

Lionsgate has proven adept at marketing genre films, including “The Expendables” and Tyler Perry franchises, and last year’s “The Possession,” and that will help “The Last Stand.” Distribution chief Richie Fay tells TheWrap he’s confident Schwarzenegger‘s return will connect with the public.

“I’ve been in a number of screenings and at the premiere,” Fay told TheWrap Tuesday, “and the reaction to the film has been great. People are laughing at his one-liners, they seem very comfortable with Arnold back on the screen in his action mode.”

Fay has reason to be bullish. Schwarzenegger‘s most recent screen appearance was in another Lionsgate entry, the ensemble action film “The Expendables 2,” last August. That one has taken in more than $ 300 million worldwide. And he’ll be back – there we go, again – with Sylvester Stallone in “The Tomb,” for Lionsgate‘s Summit Entertainment in September.

Others aren’t so sure.

“I can’t see this film opening to more than the mid-teen millions,” Exhibitor Relations senior analyst Jeff Bock told TheWrap. “There’s not a lot of negative buzz, but people aren’t dying to see him come back, either. Bottom line, I don’t think he’ll inspire anywhere the level of passion he once did at the box office.”

If Lionsgate is to make money on “The Last Stand,” it appears foreign will be critical; analysts see the film topping out at $ 30 million domestically.

“Schwarzenegger is still a big deal overseas,” Bock said, “and that’s where this movie will make or break itself.

I could easily see it doing double whatever it does in the U.S.”

At this point in his career, the stakes for Schwarzenegger may be higher than they are for the studios. His paycheck for “The Last Stand” is reportedly in the $ 8 million to $ 10 million range, with some potential profit participation. That’s about half of what he commanded in his heyday for the “Terminator” films, “True Lies” and “Total Recall.”

Schwarzenegger‘s box-office clout was beginning to fade prior to his heading to Sacramento in 2003. His last film, “Terminator 3: Rise of the Machines” made $ 150 million domestically for Warner Bros. in 2003, but his two previous movies, “Collateral Damage” and “The Sixth Day,” topped out at $ 40 million and $ 34 million respectively.

Hollywood’s expectations have changed, too. Most of Schwarzenegger‘s hits were big summer movies, with budgets well over $ 100 million. “The Last Stand” cost half that, and its release on a moderate 2,800 screens in January, typically a soft time for new releases, is no accident. “Ten,” Schwarzenegger‘s third film, is scheduled for release on January 24, 2014, by Open Road Films.

“The Last Stand” is the first of three upcoming openings for action movies with older stars. Warner Bros. is opening “Bullet to the Head,” starring Stallone, on February 1. Bruce Willis stars in “A Good Day to Die Hard” from Fox on February 15.

Celebrity News Headlines – Yahoo! News

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Japanese airlines ground Dreamliners

Japan's two leading airlines grounded their fleets of Boeing 787s on Wednesday after one of the Dreamliner passenger jets made an emergency landing, the latest in a series of incidents to heighten safety concerns over a plane many see as the future of commercial aviation.

Shares in the Chicago-based Boeing Co. were down 4.4 percent in premarket trading on the news.

All Nippon Airways Co. said instruments aboard a domestic flight indicated a battery error, triggering emergency warnings to the pilots. Shigeru Takano, a senior safety official at the Civil Aviation Bureau, said a second warning light indicated smoke.

Wednesday's incident, described by a transport ministry official as "highly serious" - language used in international safety circles as indicating there could have been an accident -- is the latest in a line of mishaps -- fuel leaks, a battery fire, wiring problem, brake computer glitch and cracked cockpit window - to hit the world's first mainly carbon-composite airliner in recent days.

"I think you're nearing the tipping point where they need to regard this as a serious crisis," said Richard Aboulafia, a senior analyst with the Teal Group inFairfax, Virginia. "This is going to change people's perception of the aircraft if they don't act quickly."

ANA, which said the battery in the forward cargo hold was the same lithium-ion type as one involved in a fire on another Dreamliner at a U.S. airport last week, grounded all 17 of its 787s, and Japan Airlines Co suspended its 787 flights scheduled for Wednesday and Thursday.

The two airlines, which operate around half of the 50 Dreamliners delivered to date, said they would decide on Thursday whether to resume Dreamliner flights the following day.

COMPREHENSIVE REVIEW

The 787, which has a list price of $207 million, represents a leap in the way planes are designed and built, but the project has been plagued by cost overruns and years of delays. Some have suggested Boeing's rush to get planes built after those delays resulted in the recent problems, a charge the company strenuously denies.

Both the U.S.Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) said they were monitoring the latest incident as part of a comprehensive review of the Dreamliner announced late last week.

ALARM TRIGGERED

ANA flight 692 left Yamaguchi in western Japan shortly after 8 a.m. local time (2300 GMT Tuesday) bound for Haneda Airport near Tokyo, a 65-minute flight. About 18 minutes into the flight, the plane descended and made an emergency landing 16 minutes later, according to flight-tracking website Flightaware.com.

A spokesman for Osaka airport authority said the plane landed at Takamatsu at 8:45 a.m. All 129 passengers and eight crew evacuated via the plane's inflatable chutes. Chief Cabinet Secretary Yoshihide Suga said five people were slightly injured.

At a news conference - where ANA's vice-president Osamu Shinobe bowed deeply in apology - the carrier said a battery in the forward cargo hold triggered emergency warnings to the pilots, who decided on the emergency action. "There was a battery alert in the cockpit and there was an odd smell detected in the cockpit and cabin, and (the pilot) decided to make an emergency landing," Shinobe said.

In a statement later, ANA said the main battery in the forward electrical equipment bay was discolored and there were signs of leakage.

Passengers leaving the flight told local TV there was an odor like burning plastic on the plane as soon as it took off. "There was a bad smell as soon as we started and before we made the emergency landing there was an announcement and the stewardess' voice was shaking, so I thought this was serious," one passenger toldTBS TV.

Another man told a local broadcaster: "There was a strong, burning smell, but the smoke appeared after they opened the emergency doors, after we landed."

Marc Birtel, a Boeing spokesman, told Reuters: "We've seen the reports, we're aware of the events and are working with our customer."

Robert Stallard, analyst at RBC Capital Markets, said lost revenue at the Japanese airlines could prompt compensation from Boeing. "What started as a series of relatively minor, isolated incidents now threatens to overhang Boeing until it can return confidence, and this looks to be a near-term challenge given the media's draw to all things 787," he said.

UNDER REVIEW

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Cuban hospital carefully guards Hugo Chavez’s privacy

HAVANA (Reuters) – You would never guess that one of the world’s most famous heads of state, Venezuelan president and self-proclaimed revolutionary Hugo Chavez, is battling cancer at Havana’s Center for Medical-Surgical Research (CIMEQ).

At the weekend there was no visible increase in security at the hospital’s main entrance, where guards in olive green uniforms checked the comings and goings of visitors and waved on dallying reporters.

The sprawling, three story complex that is run by the Cuban Interior Ministry is located in leafy Siboney, one of the country’s most exclusive neighborhoods on the western edge of the Cuban capital, and just minutes from the home of Fidel Castro.

It has been a month since the once feisty and now cancer-stricken Chavez, leader of one of the world’s biggest oil producing nations, was operated on for a fourth time at the hospital. This time around, there have been no glowing reports of recovery.

CIMEQ’s best known patient, Fidel Castro, 86, has been treated there since 2006 when he was operated on for intestinal bleeding, forcing him to cede power to his brother Raul Castro.

Ironically Chavez, who often visited the man he refers to as his mentor during Castro’s ordeal, has now become CIMEQ’s second best known patient. In a dramatic reversal of fate, it is Fidel Castro who has been repeatedly at the 58-year-old Venezuelan president’s bedside, beginning with his first operation in 2011.

Hazy Venezuelan government communiques speak of unexpected bleeding during Chavez’s most recent surgery and a lung infection that has kept the 58-year-old Chavez in a “stable” but “delicate” state since mid-December.

There has not been a word, nor even a tweet from the usually vociferous Chavez. His Twitter account, with almost 4 million followers, went silent after November 1.

Meanwhile, Chavez’s family has been holding vigil in Havana, as other Venezuelan leaders and various Latin American heads of state come and go in a show of support. The presidents of Argentina and Peru visited over the weekend.

What the operation involved, and even the type of cancer attacking Chavez and its exact location, are considered state secrets.

VIP FACILITIES OFF LIMITS

CIMEQ, according to various Cuban doctors and nurses, is the Caribbean island’s finest medical facility, boasting up to date equipment and pharmaceuticals and with the authority to call in the country’s top specialists and support staff from other hospitals, as has been done in Chavez’s case.

“CIMEQ exists in the 21st century and is the equal to some of the best facilities in the world, while the rest of the country’s hospitals remain at 20th century levels,” said one local doctor who requested her name be withheld.

“There are no shortages of supplies and medicines and the food is great,” she added.

The hospital treats mainly interior ministry personnel, their families and area residents free of charge.

In a land where complaints are common, it is hard to find anyone with a bad word to say about the place, except that it is reserved exclusively for the elite.

“Unfortunately, I lost my father to cancer at CIMEQ less than a year ago,” said 47- year-old Agustín Daniel.

“He was treated for years at CIMEQ and the care was exquisite. He died because cancer kills and sometimes there is no solution,” the self-employed interior decorator said.

CIMEQ also boasts a wing for foreigners willing to pay for their care, as well as special VIP facilities for Cuba’s top leaders and important figures from other lands.

“Distinguished personalities from the arts, sciences and politics from all over the world have received attention in its modern and efficient installations,” the hospital‘s Web Page (www.cimeq.org)states.

Little is known about the hospital’s VIP accommodations, where Chavez is being treated, except that they are equipped with the latest technology and that those who work there are often sequestered for periods of time. Like all CIMEQ staff, they are sworn to secrecy at the risk of losing their licenses and criminal prosecution.

“The VIPs are treated on the third floor which is off limits to most staff even if they work for the Interior Ministry and wear uniforms under their white coats,” a doctor who has worked at CIMEQ said.

“The elevators to the third floor have guards and if the patient goes outside part of the grounds are closed off,” he said, adding, “no one knows what goes on up there.”

(Editing by David Adams and Andrew Hay)

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Poet Sharon Olds wins T.S. Eliot award

LONDON (Reuters) – American poet Sharon Olds won the T.S. Eliot Prize for Poetry on Monday for “Stag’s Leap”, a critically acclaimed collection that traces the end of her marriage 15 years ago.

The annual award, celebrating its 20th anniversary, goes to what a panel of poets decides is the best collection of verse published in the United Kingdom and Ireland each year, and is considered to be one of the world’s top poetry prizes.

Stag’s Leap, published in Britain by Jonathan Cape, was chosen from a record 131 submissions and a shortlist of 10.

“From over 130 collections, we were particularly impressed by the strong presence of women on the list and were unanimous in awarding the 2012 T.S. Eliot Prize to Sharon Olds‘ Stag’s Leap,” said Carol Ann Duffy, chair of the judges.

Duffy, also Britain’s poet laureate since 2009, called the work “a tremendous book of grace and gallantry which crowns the career of a world-class poet.”

Olds wins a cheque for 15,000 pounds ($ 24,000) for the prize, which is administered by the Poetry Book Society and supported by the estate of leading 20th century poet T.S. Eliot whose works include “The Waste Land”.

When her marriage ended, Olds, now 70, promised her children she would not write about the divorce for 10 years. In fact, it took her 15 years to get around to publishing a collection which some critics said was her best yet.

“Olds, who has always had a gift for describing intimacy, has, in a sense, had these poems thrown at her by life and allowed them to take root: they are stunning – the best of a formidable career,” wrote Kate Kellaway in The Observer.

The critic added that the collection was surprisingly kind considering its subject matter.

In “Unspeakable”, from Stag’s Leap, Olds writes:

“He shows no anger,/I show no anger but in flashes of humor/all is courtesy and horror. And after/the first minute, when I say, Is this about/her, and he says, No, it’s about/you, we do not speak of her.”

Olds was born in San Francisco in 1942 and her first collection of poems, “Satan Says” (1980), received the inaugural San Francisco Poetry Center Award.

She went on to win a string of other prizes and currently teaches creative writing at New York University.

(Reporting by Mike Collett-White, editing by Paul Casciato)

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