Scott Dadich Named Top Editor at Wired

LOS ANGELES (TheWrap.com) – Scott Dadich has been named editor-in-chief of Wired magazine, it was announced Friday by Condé Nast editorial director Tom Wallace.

The appointment marks a homecoming for Dadich, who served as Wired’s creative director from 2006 to 2010. He replaces Chris Anderson as the publication’s top editor.

Since 2010, Dadich has served as vice president, editorial platforms and design at Conde Nast. In this role, he oversaw the creative efforts to bring Condé Nast’s storied brand portfolio to emerging digital channels.

“Scott has been at the forefront of the company’s digital innovation for the past three years, developing the design for a digital magazine that has become an industry standard,” Wallace said. “His return to Wired, where he served as creative director and won three National Magazine Awards for Design, will ensure that it continues its pace-setting growth.”

While Dadich was creative director at Wired, the magazine received three consecutive National Magazine Awards for Design. He is the only creative director ever to win both the National Magazine Award for Design and the Society of Publication Designers Magazine of the Year Award for three consecutive years (2008-2010).

“I’m excited to return to Wired, which has had such a tremendous impact on my life and my career,” Dadich said. “I’m honored to have the chance to build on the legacy of innovation that Louis and Jane started some 20 years ago. And I am grateful to my friend and colleague Chris and the incredible Wired staff. I look forward to finding new opportunities to delight and surprise the Wired community, both with the stories we tell and in the ways in which we tell them.”

Prior to Wired, he was the creative director of Texas Monthly, which was nominated for 14 National Magazine Awards during his tenure and won for General Excellence in 2003.

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Sources: Liguori planned as next Tribune CEO

When Tribune Co. emerges from bankruptcy, the new owners plan to name television executive Peter Liguori as the company's chief executive, according to sources familiar with the situation.

Liguori is a former top TV executive at Fox and Discovery. The decision to name him Tribune's CEO ends months of speculation and will usher in a new era for the Chicago media company, which owns newspapers, including the Chicago Tribune, and television stations.

The Federal Communications Commission on Friday signed off on waivers needed to transfer Tribune Co.'s broadcast properties to the new ownership, the final significant hurdle before the company can emerge from its long-running stay in Chapter 11.

While a date for emergence is not set, the new ownership group controlled by senior creditors Oaktree Capital Management, Angelo, Gordon & Co. and JP Morgan Chase, will likely take the reins by the end of the year. An initial step for the owners will be to appoint a board of directors. It will have final say on who becomes CEO, but sources say the owners have chosen Liguori.

"The decision has been made," one of the sources said.

Los Angeles Times publisher Eddy Hartenstein has been CEO of Tribune Co. since May 2011. A Tribune Co. spokesman declined comment.

A former advertising executive who transitioned into television more than two decades ago, Liguori, 52, 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 served as chief operating officer at Discovery Communications Inc., where he helped oversee the rocky launch of the Oprah Winfrey Network.

Liguori is considered by some observers to be a good fit for Tribune and its new owners. While the company's identity is closely connected to publishing, broadcasting is now its headline business and core profit center. One of Liguori's main jobs will be to help maximize TV ratings, advertising dollars and increasingly important affiliate fees for WGN America and Tribune Co.'s 23 local stations, according to industry insiders.

Liguori "is a very, very smart hire for Oaktree and the guys that run the company because I think what Tribune needs more than anything is somebody to kind of build the brands back and make it a true media company, as opposed to just a collection of businesses," said Jeff Shell, London-based president of NBCUniversal International, who worked with Liguori for six years at Fox beginning in 1996. Shell, whose name had once been floated as a candidate for Tribune CEO, spoke recently about his former colleague's potential value as head of Tribune Co.

Liguori, who could not be reached for comment, became president of Fox's FX Networks in 1998, when it was a small basic cable channel airing reruns of everything from "M*A*S*H" to "Buffy the Vampire Slayer." Elevated to CEO in 2001, he remade FX by offering edgy original programming. Starting with "The Shield" in 2002, Liguori rolled out "Nip/Tuck" and "Rescue Me," creating first-run successes that redefined FX, and perhaps basic cable, in the process.

"FX was a channel, when he took over, a little tiny cable channel losing a bunch of money," Shell said. "He made it into something big by imagining something different, and I think that's what Tribune needs."

Liguori became president of entertainment for Fox Broadcasting Co. in 2005, where he headed program development and marketing. Squeezed out in 2009, he then joined Discovery as chief operating officer, where one of his responsibilities was to oversee the nascent joint venture with OWN.

In May 2011, Liguori assumed the dual role as interim CEO of OWN after inaugural head Christina Norman was forced out at the struggling network. That added responsibility evaporated two months later when Winfrey made herself CEO of OWN. Liguori left Discovery in December and the company eliminated his COO position.

Liguori has been working since July as a New York-based media consultant for private equity firm, the Carlyle Group. He currently serves on the boards of Yahoo, MGM Holdings and Topps.

Tribune Co. has been operating under bankruptcy court protection for nearly four years, having buckled under the $13 billion in total debt it took on after its 2007 buyout. The company's stay in bankruptcy was prolonged by a drawn-out battle for control among creditors.

With the court having finally resolved the major ownership questions, the FCC's decision to grant waivers was the last major piece of the puzzle to come together.

The Federal Communication Commission's Media Bureau issued the waivers of its so-called cross-ownership rules for Tribune's media properties in Los Angeles, Chicago, New York, South Florida and Hartford, Conn.

The waivers allow the agency to transfer TV and radio station licenses in those markets to Tribune's new owners, the group led by Oaktree Capital, Angelo Gordon and JPMorgan Chase.

The FCC granted Tribune a permanent waiver for the company's ownership of the Tribune and WGN-TV. The FCC also gave one-year waivers for the Tribune's ownership of the Los Angeles Times and KTLA-TV Channel 5 and for similar arrangements in New York, South Florida and Hartford.

The company would have one year in those four markets to sell either its newspapers or broadcast stations. But the FCC is in the process of considering loosening its media ownership rules to make it easier for companies to get waivers for newspaper and broadcast station combinations in the top 20 markets.

"We are extremely pleased with today's action by the FCC," Hartenstein said in a statement Friday. "This decision will enable the company to continue moving forward toward emergence from Chapter 11, a process we expect to complete over the course of the next several weeks."

Tribune Newspapers reporter Jim Puzzanghera contributed to this report 

rchannick@tribune.com | Twitter @RobertChannick

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Fiscal cliff could cost state $1B+

State officials warned Thursday that Illinois stands to lose more than $1 billion if Congress and President Barack Obama cannot reach an agreement to prevent the "fiscal cliff" brought on by preset tax increases and budget cuts.

The prediction came during a hearing held by House lawmakers, where a top aide to Gov. Pat Quinn also said the administration plans to float a proposal to borrow money to help pay off more than $8 billion in overdue bills. Similar proposals pushed by Quinn have failed to gain traction in Springfield.

But it's possible the backlog could grow even larger if the fiscal cliff is reached, according to revenue officials, who say the state could lose $1 billion. That's because federal tax increases that would automatically go into effect would send a ripple through the state's economy, leaving less money for people to spend and resulting in less tax revenue for the state.

Such a loss could be detrimental to the state's already shaky financial situation, and the $1 billion estimate does not even include federal budget cuts that could mean less money from Washington for a variety of state agencies.

"The picture looks really bleak," said Natalie Davila, who heads the research department for the Illinois Department of Revenue. "And in our opinion, things could only get worse."

If an agreement is reached to prevent the fiscal cliff, officials say Illinois would see "modest" increase in tax money collected. But it won't be enough to cover all of the state's expenses, including an expected $1 billion increase in the state's annual pension contribution, which is projected to jump to $6.8 billion in the next budget year. The pension payment is made out of a state operations budget that is $33.7 billion.

Quinn budget director Jerry Stermer said the growing pension payment underscores the need for lawmakers to reach an agreement on how to overhaul the state's employee retirement system. Without major changes, he argued, the required contribution will continue to swell, leaving less money for other things, including education, health care and public safety.

The governor wants lawmakers to revisit the issue and pass changes by Jan. 9, when a new set of legislators is scheduled to be sworn in. Reaching a deal, however, is anything but certain.

Rep. Frank Mautino, D-Spring Valley, said that while he understands the importance of changing the pension system, he is just as concerned with finding a way to pay down the backlog of bills. He argued that it's a major drain on service providers, who have maxed out credit lines, cut programs and laid off staff as they wait months to be paid by the state.

Stermer said the governor is interested in working with lawmakers on a plan to borrow money to pay down the bills and said the administration plans to "come to the General Assembly with a proposal in the next number of weeks to consider a refinancing of some of that."

Stermer did not provide details, and Quinn spokeswoman Brooke Anderson later said that no new proposal was in the works. Anderson said that while the governor "has always been interested in refinancing as an option to help pay down old bills," he is focused on pension reform.

The governor previously has pushed a plan to borrow $8.75 billion to whittle down the backlog and rush payments to the thousands of vendors waiting on money. The loan would be repaid over 14 years using money generated by a portion of last year's income tax hike.

The plan historically has been met with skepticism by Republicans who say more borrowing would only worsen the state's money woes. Supporters argue that the state already is borrowing the money, but is getting it from small businesses who need it instead of Wall Street investors.

Talk of the fiscal cliff came as lawmakers were discussing a proposal by House Speaker Michael Madigan that would allow the General Assembly to limit how much the state can spend on employee pay increases when unions negotiate new contracts. Currently, that's an agreement reached by the governor's office and union representatives without input from legislators, who drive much of the budget-making process. The proposal was not voted on.

mcgarcia@tribune.com

Twitter @moniquegarcia

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Xbox Live Celebrates 10 Years of Connecting Gamers

Thursday marks the tenth anniversary of Xbox Live, Microsoft’s online gaming platform for the Xbox and the Xbox 360.

[More from Mashable: Steve Ballmer Hints at Microsoft Building More Hardware]

For the last decade, Xbox Live has offered both a marketplace and online play space for gamers. It started in 2002 on Microsoft‘s original Xbox console; Xbox spokeperson Larry Hryb, better known as Major Nelson, said it launched with games like Ghost Recon, MechAssault and NFL Fever.

Now Xbox Live serves as a complete entertainment package for the Xbox 360. Players can still compete online and connect with others, but can also access all kinds of other services through their Xbox 360 as the console moves to position itself as a living room centerpiece. Streaming services like Netflix, Hulu Plus, Pandora, HBO Go, ESPN and NBA Live, as well as on-demand movies from Zune. During this year’s election, Xbox Live offered full access to the debates and election coverage, thanks to a partnership with NBC.

[More from Mashable: New ‘Grand Theft Auto V’ Trailer Takes Game Violence to the Next Level [VIDEO]]

There are about 30 million Xbox Live subscribers, each with their own unique gamertag. Xbox Live was instrumental in the widespread adoption of achievements on games, which players unlocked for completing different in-game challenges. According to Hyrb’s Twitter account, gamers have unlocked 14.5 billion achievements in the past decade.

Xbox Live is the only online network on consoles that charges its users, at $ 60 a pop for a 12-month subscription.

To celebrate today’s anniversary, some long-time Xbox Live subscribers are receiving special edition Xbox 360s, according to Hyrb’s Twitter feed. Hyrb is also giving out one-year subscriptions to Xbox Live on his Twitter all day Thursday.

Do you have fond memories of playing Xbox Live in the past decade? Please share them with us in the comments.

1. Triforce Lamp

Know a Zelda fan in need of some power, wisdom and courage? This beautiful wood and acrylic lamp can be hung or shelved. The pixelated carvings on each side warm the room with dappled light. Price: $ 95.00

Click here to view this gallery.

Image courtesy Rodrigo Denúbila, Flickr.

This story originally published on Mashable here.

Gaming News Headlines – Yahoo! News

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“Avengers”, Adam Levine lead People’s Choice nominations

LOS ANGELES (Reuters) – “The Avengers” led the movie nominations for the annual People’s Choice Awards on Thursday in a field packed with action films, while Maroon 5 and frontman Adam Levine won six nods in music and television categories.

Justin Bieber, Channing Tatum – People magazine’s latest “sexiest man alive” – and actresses Jennifer Lawrence and Emma Stone also received multiple nominations for the only Hollywood awards show covering film, music and television that is voted on entirely by the public.

The People’s Choice Awards ceremony, set for January 9, is the first in the busy Hollywood awards season, which culminates with the coveted Academy Awards on February 24.

Summer blockbuster “The Avengers” won eight nominations including favorite movie, favorite action movie, and multiple nods for its stars Robert Downey Jr., Anne Hathaway, Scarlett Johansson and Chris Hemsworth.

It will compete with superhero movies “The Amazing Spider-Man” and “The Dark Knight Rises”, fantasy film “Snow White and the Huntsman” and futuristic thriller “The Hunger Games” for favorite movie.

The last of the popular “Twilight” films – “Breaking Dawn-Part 2″ – released this week, did not fall within the eligibility period for the People’s Choice Awards.

But its avid “Twi-hards” picked up a nomination for favorite movie fan following, along with those of “Harry Potter”, “The Lord of the Rings”, “Pirates of the Caribbean” and “The Hunger Games”.

In music, Adam Levine leapt to the top of the pile on the back of his stint as a judge on TV singing contest “The Voice”. Maroon 5 won nominations for favorite band, song, album, and music video, while Levine was nominated for celebrity judge – along with Christina Aguilera and new “X Factor” judges Britney Spears and Demi Lovato. “The Voice” was among the contenders for competition TV show.

On the small screen, network comedies “The Big Bang Theory” and “Glee” face off against “Modern Family”, while “Gossip Girl”, “Grey’s Anatomy” and “Grimm” are among the TV drama nominees.

The nominees were chosen by the votes of more than 93 million fans. Voting for the winners in all 48 categories begins on Thursday on website www.PeoplesChoice.com, where a complete list of nominations can be found.

(Reporting by Jill Serjeant; Editing by Patricia Reaney and Dale Hudson)

Movies News Headlines – Yahoo! News

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I Was Misinformed: The Time She Tried Viagra

I have noticed, in the bragging-rights department, that “he doesn’t need Viagra” has become the female equivalent of the male “and, I swear, she’s a real blonde.” Personally, I do not care a bit. To me, anything that keeps you happy and in the game is a good thing.

But then, I am proud to say, I was among the early, and from what I gather, rare female users.

It happened when the drug was introduced around 1998. I was 50, but after chemotherapy for breast cancer — and later, advanced ovarian cancer — I was, hormonally speaking, pretty much running on fumes. Whether this had diminished my sex drive I did not yet know. One may have Zorba-esque impulses when a cancer diagnosis first comes in; but a treatment that leaves you bald, moon-faced and exhausted knocks that out of your system pretty fast.

But by 1998, the cancer was gone, my hair was back and I was ready to get back in the game. I was talking to an endocrinologist when I brought up Viagra. This was not to deal with the age-related physical changes I knew it would not address, it was more along the feminist lines of equal pay for equal work: if men have this new sex drug, I want this new sex drug.

“I know it’s supposed to work by increasing blood flow,” I told the doctor, “But if that’s true for men, shouldn’t it be true for women, too?”

“You’re the third woman who asked me that this week,” he said.

He wrote me a prescription. I was not seeing anyone, so I understood that I would have to do both parts myself, but that was fine. I have a low drug threshold and figured it might be best the first time to fly solo. My memory of the directions are hazy: I think there was a warning that one might have a facial flush or headaches or drop dead of a heart attack; that you were to take a pill at least an hour before you planned to get lucky, and, as zero hour approached, you were supposed to help things along by thinking beautiful thoughts, kind of like Peter Pan teaching Wendy and the boys how to fly.

But you know how it is: It’s hard to think beautiful thoughts when you’re wondering, “Is it happening? Do I feel anything? Woof, woof? Hello, sailor? Naaah.”

After about an hour, however, I was aware of a dramatic change. I had developed a red flush on my face; I was a hot tomato, though not the kind I had planned. I had also developed a horrible headache. The sex pill had turned into a bad joke: Not now, honey, I have a headache.

I put a cold cloth on my head and went to sleep. But here’s where it got good: When I slept, I dreamed; one of those extraordinary, sensual, swimming in silk sort of things. I woke up dazed and glowing with just one thought: I gotta get this baby out on the highway and see what it can do.

A few months later I am fixed up with a guy, and after a time he is, under the Seinfeldian definition of human relations (Saturday night date assumed) my official boyfriend. He is middle aged, in good health. How to describe our romantic life with the delicacy a family publication requires? Perhaps a line from “Veronika, der Lenz ist da” (“Veronica, Spring Is Here”), a song popularized by the German group the Comedian Harmonists: “Veronika, der Spargel Wächst” (“Veronica, the asparagus are blooming”). On the other hand, sometimes not. And so, one day, I put it out there in the manner of sport:

“Want to drop some Viagra?” I say.

Here we go again, falling into what I am beginning to think is an inevitable pattern: lying there like a lox, or two loxes, waiting for the train to pull into the station. (Yes, I know it’s a mixed metaphor, but at least I didn’t bring in the asparagus.) So there we are, waiting. And then, suddenly, spring comes to Suffolk County. It’s such a presence. I’m wondering if I should ask it if it hit traffic on the L.I.E. We sit there staring.

My reaction is less impressive. I don’t get a headache this time. And romantically, things are more so, but not so much that I feel compelled to try the little blue pills again.

Onward roll the years. I have a new man in my life, who is 63. He does have health problems, for which his doctor prescribes an E.D. drug. I no longer have any interest in them. My curiosity has been satisfied. Plus I am deeply in love, an aphrodisiac yet to be encapsulated in pharmaceuticals.

We take a vacation in mountain Mexico. We pop into a drugstore to pick up sunscreen and spot the whole gang, Cialis, Viagra, Levitra, on a shelf at the checkout counter. No prescription needed in Mexico, the clerk says. We buy all three drugs and return to the hotel. I try some, he tries some. In retrospect, given the altitude and his health, we are lucky we did not kill him. I came across an old photo the other day. He is on the bed, the drugs in their boxes lined up a in a semi-circle around him. He looks a bit dazed and his nose is red.

Looking at the picture, I wonder if he had a cold.

Then I remember: the flush, the damn flush. If I had kids, I suppose I would have to lie about it.

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United Airlines experiences yet another major computer glitch

A massive computer outage at United Airlines early Thursday stranded passengers across the country.A spokesperson for United tells WGN-TV that the airline is up and running again.

United Airlines, just a week before the year's busiest travel period, experienced yet another major computer problem Thursday morning that delayed hundreds of flights across the country, mostly on the East Coast. Some airline industry observers called for "heads to roll" at the world's largest airline.

The latest glitch involved the dispatch system software that enables Chicago-based United to communicate with airplanes before departure, delivering information on the plane's weight and balance, number of passengers and baggage, said United spokesman Charlie Hobart.

Flights of United's regional jet service, United Express, were not affected.

The outage occurred from about 7:30 to 9:30 a.m. Thursday and resulted in 257 delays directly attributable to the outage and more through the day, along with about 10 cancellations. The airline said it had 636 delays Thursday, far more than its typical number of about 300. The delays affected a relatively small number of the airline's 5,500 daily flights — fewer than 5 percent, Hobart said.

The impact at O'Hare International Airport seemed to be minimal, United and airport officials said.

United has had rampant problems with an unrelated system, its passenger reservation system it switched to in March. In August, the airline had another unrelated network outage that occurred when a piece of communication equipment in a United data center failed and disabled communications with airports and the United website, United.com. That was due to a failure at a United vendor.

The computer problems, especially the reservation system problem that affected flights in midsummer, have had Jeff Smisek, CEO of United's parent company, United Continental Holdings, making public apologies since March. He conceded to Wall Street analysts that operational problems hurt the airline's third-quarter profits as many customers fled to competitors. But he said during an earnings call with analysts in late October that those problems were behind the airline and that he was confident United would perform well during the busy holiday travel season.

Aside from weather-related delays, such as superstorm Sandy and a snowstorm on the East Coast, that seemed true until Thursday's outage. Even on Thursday, United's on-time performance was about 80 percent, meeting its target, a spokesman said.

"It was a software issue that we found and fixed in that two-hour period," United spokesman Rahsaan Johnson said. "It will not happen again."

Hobart said he did not have details about what went wrong.

Joe Brancatelli, a business travel writer at JoeSentMe.com, said the failures point to a larger problem.

Some industry observers said United is out of excuses.

"It is flat-out unacceptable," said Henry Harteveldt, co-founder of Atmosphere Research Group. "This makes United a laughingstock among airlines."

He said airline computer systems are complex and Thursday's problem might be a one-time issue, but the repeated failures are not only embarrassing for United, they "undermine trust in the airline" and "demoralize employees."

"There are clearly failures in the airline's strategy and the airline's execution, and heads need to roll," he said. "United's (chief information officer) should resign or be dismissed."

Hobart said the airline has improved recently.

"Since this summer, we've significantly improved our operational performance, with nearly 85 percent of our flights on time so far this month and nearly 80 percent of flights arriving on time in October, despite operational challenges like Hurricane Sandy," he said. "We understand this outage was frustrating for our customers, and we are enabling them to rebook without penalty and receive a full refund if their flights were delayed by at least two hours."

"Mostly what it says is that (airlines) have got to stop looking at mergers as two route maps you can smash together," Brancatelli said. He contends that the United-Continental merger was not planned properly.

"There are too many things going wrong," he said. Blame rests with "the guys running the show," he said of United's top executives. "The fish stinks from the head."

gkarp@tribune.com

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'Jihad' ads on CTA buses cause controversy

The controversial ads unveiled on the back of 10 CTA buses Wednesday read, “In any war between the civilized man and the savage, support the civilized man.” They conclude with the words, “Support Copts. Defeat Jihad,” referring to friction between Muslims and Coptic Christians in Egypt.

Within hours of the buses' first runs, messages appeared on Facebook and Twitter denouncing the campaign. Many said degrading a spiritual tenet of Islam -- one that refers to a Muslim's personal quest to become a better person -- amounts to hate speech.

“This whole campaign insinuates Muslims are violent,” said Asaf Bar-Tura, programs director for the Jewish Council on Urban Affairs, which protested the ads on social media Wednesday. “If it's within their legal powers, (CTA) should either not put it up because they incite hate and stereotypical thinking or put a label next to each sign saying `The CTA disagrees with this ad.’ ”

So far, federal judges have sided with the advertisement's sponsor, the American Freedom Defense Initiative, which sued transit authorities in New York City and Washington, D.C., when they initially rejected the ads. Those judges ruled that public forums such as buses and trains can't bar advertising entitled to First Amendment protection.

Pamela Geller, executive director of the initiative, said she believes the Jewish Council has good intentions, but denies that her ad qualifies as hate speech.

"There’s nothing hateful about it," she said in an e-mail. "9/11 was hate. 3/11 in Madrid was hate. ... The Christmas underwear bomber was hate. ... Pushing back against such hate is not hate."

"Perhaps this is the strangest thing of all: their utter lack of awareness, or denial, of the barrel pointed straight between their eyes," Geller said. "It is an odd combination of naivete, brainwashing and self-loathing that I will never comprehend."

Although Geller posted on her blog "Atlas Shrugs" a letter from her lawyer threatening legal action against CTA if they didn’t place the ads, Brian Steele, a spokesman for the CTA, denied that the CTA was threatened with a lawsuit. But the precedents did deter the CTA from rejecting the ads, which are expected to run on different routes each day for the next four weeks.

“While those courts agreed that the AFDI ads violate anti-disparagement or anti-demeaning standards similar to CTA's, that violation in and of itself did not remove AFDI's First Amendment protection to place the ads,” Steele said in a statement.

“CTA understands that this ad may be offensive to our customers,” he added. “While the courts have ruled this ad is a form of protected speech under the First Amendment, we object to its divisive message.”

The estimated ad revenue is about $4,500, a spokesman said.

Meanwhile, Ahmed Rehab, the executive director of the Chicago chapter of the Council on American Islamic Relations, said the group expects to launch its own nationwide ad campaign next week. As part of the campaign called “My Jihad,” individual Muslims define what the spiritual concept means for them.

“I don't feel the urge to fight … I'd rather put out the alternative,” Rehab said. “People can decide what racism is.”

mbrachear@tribune.com
Twitter: @TribSeeker

jhilkevitch@tribune.com
Twitter: @jhilkevitch

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Verizon says 1.4 million customers back on its fiber optic network

(Reuters) – Verizon Communications said fiber optic services have been restored to more than 1.4 million customers hurt by Hurricane Sandy.

The provider of telephone, Internet and television services said on November 1 that it may take another two weeks to restore telecommunication services for its customers after flooding and power outages knocked out services.

The company said it completed 364,000 repairs across the mid-Atlantic and northeast regions.

Verizon said it will provide credits for landline customers and fix equipment damaged due to the hurricane.

Verizon shares were up at $ 42.39 after the bell on Wednesday. They closed at $ 42.24 on the New York Stock Exchange.

(Reporting By Pallavi Ail in Bangalore; Editing by Maju Samuel)

Internet News Headlines – Yahoo! News

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BAFTA Shifts Corporate Sponsors for Film Awards

LOS ANGELES (TheWrap.com) – You can’t buy awards, but when it comes to the BAFTAs you can certainly sponsor them.

The British Academy of Film and Television is switching up its corporate partners for its annual film awards ceremony. That means it’s out with telecom company Orange, and in with broadband network EE.

The overhaul will require some rechristening of BAFTA‘s hardware. After 15 years with Orange in the title, the ceremony will now be known as the EE British Academy Film Awards. Moreover, its award for best newcomer will now be named the EE Rising Star Award.

The BAFTAs are the U.K. equivalent of the Oscars. EE is a sister company of Orange, so the shakeup is not seismic.

The EE British Academy Film Awards will be broadcast on the BBC on February 10, 2013 and will be hosted by satirist Stephen Fry.

TV News Headlines – Yahoo! News

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