Media mogul and banker Allbritton dies at 87

WASHINGTON (Reuters) - Joe Lewis Allbritton, a media mogul and owner of the scandal-plagued Riggs National Bank, died on Wednesday at a hospital in Houston. He was 87.

Allbritton died of heart ailments, said Jerald Fritz, a senior vice president of Allbritton Communications.

Allbritton's media empire included newspapers throughout the U.S. Northeast and ABC network affiliates. Allbritton's son, Robert, recently founded the influential political publication Politico.

But Joe Allbritton, a Mississippi native, was famously known for owning and running Riggs, the Washington-based bank that had been a dominant force in diplomatic banking in the nation's capital.

Allbritton's banking career was tarnished when it was revealed that Riggs bank failed to report suspicious activity in the accounts held by former Chilean dictator Augusto Pinochet and Equatorial Guinea officials.

Riggs bank pleaded guilty in 2005 to violating anti-money laundering laws and was fined a total of $41 million.

Allbritton did not seek re-election to Riggs' board of directors and the storied bank was eventually acquired by PNC Financial Services.

Allbritton is survived by his wife, son and two grandchildren.

(Reporting By Rachelle Younglai; Editing by Eric Beech)

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Actor Depardieu hits back at French PM over tax exile

PARIS (Reuters) - Actor Gerard Depardieu, accused by French government leaders of trying to dodge taxes by buying a house over the border in Belgium, retorted that he was leaving because "success" was now being punished in his homeland.

A popular and colourful figure in France, the 63-year-old Depardieu is the latest wealthy Frenchman to seek shelter outside his native country after tax increases by Socialist President Francois Hollande.

Prime Minister Jean-Marc Ayrault described Depardieu's behavior as "pathetic" and unpatriotic at a time when the French are being asked to pay higher taxes to reduce a bloated national debt.

"Pathetic, you said pathetic? How pathetic is that?" Depardieu said in a letter distributed to the media.

"I am leaving because you believe that success, creation, talent, anything different must be sanctioned," he said.

An angry member of parliament has proposed that France adopt a U.S.-inspired law that would force Depardieu or anyone trying to escape full tax dues to forego their nationality.

The "Cyrano de Bergerac" star recently bought a house in Nechin, a Belgian village a short walk from the border with France, where 27 percent of residents are French nationals, and put up his sumptuous Parisian home up for sale.

Depardieu, who has also inquired about procedures for acquiring Belgian residency, said he was handing in his passport and social security card.

Culture Minister Aurelie Filippetti said she was outraged by Depardieu's letter, adding that he had for years been supported financially by public money for the film industry.

"When we abandon the ship and desert in the middle of an economic war, you don't then come back and give morality lessons," she told BFM-TV. "One can only regret that Gerard Depardieu doesn't make a comeback in silent movies."

He said he had paid 145 million euros ($190.08 million) in taxes since beginning work as a printer at the age of 14.

"People more illustrious than me have gone into (tax) exile. Of all those that have left none have been insulted as I have."

The actor's move comes three months after Bernard Arnault, chief executive of luxury giant LVMH and France's richest man, caused an uproar by seeking to establish residency in Belgium - a move he said was not for tax reasons.

Belgian residents do not pay wealth tax, which in France is now levied on those with assets over 1.3 million euros ($1.7 million). Nor do they pay capital gains tax on share sales.

"We no longer have the same homeland," Depardieu said. "I sadly no longer have a reason to stay here. I'll continue to love the French and this public that I have shared so much emotion with."

Hollande is pressing ahead too with plans to impose a 75-percent supertax on income over 1 million euros.

"Who are you to judge me, I ask you Mr. Ayrault, prime minister of Mr. Hollande? Despite my excesses, my appetite and my love of life, I remain a free man."

(Reporting by John Irish; Editing by Mark Heinrich)

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A Minute With: Director Peter Jackson on shooting "The Hobbit"

LOS ANGELES (Reuters) - After bringing J.R.R. Tolkien's "The Lord of the Rings" trilogy to life, filmmaker Peter Jackson is back in the world of Middle Earth with the author's prequel, "The Hobbit."

The three-film series is due to open in U.S. theaters on Friday with "The Hobbit: An Unexpected Journey."

The Oscar-winning director, 51, told Reuters about the 3D film, including the 48 frames per second (fps) format he used, which was widely debated by fans and critics.

Q: You originally intended "The Hobbit" to only be two parts. Why stretch it out to three?

A: "Back in July, we were near the end of our shoot and we started to talk about the things that we had to leave out of the movies. There's material at the end of 'The Return of the King' (the final part of 'The Lord of the Rings' trilogy) in the appendices that takes place around the time of 'The Hobbit.'

"We were thinking, this is our last chance because it's very unlikely we're ever going to come back to Middle Earth as filmmakers. So we talked to the studio and next year we're going to be doing another 10 to 12 weeks of shooting because we're now adapting more of Tolkien's material."

Q: At what point did you decide you would direct the film yourself after originally handing it to Guillermo del Toro?

A: "At the time (we wrote the script), I was worried about repeating myself and worried that I was competing with myself. I thought it would be interesting to have another director with a fresh eye coming in and telling the story. But after Guillermo left, having worked on script and the production for well over a year at that stage, I was very emotionally attached to it. I just thought, this is an opportunity I'm not going to say no to."

Q: You hired Gollum actor Andy Serkis to do second unit directing on the film, something he has never done before. What made you hand the task to a novice?

A: "I know how strongly Andy has been wanting to direct. One of the problems with second unit is that you tend to have conservative footage given to you by the director. They play it safe. I knew that I wouldn't get that from Andy because he's got such a ferocious energy. He goes for it and doesn't hold back. I knew that if Andy was the director I would be getting some interesting material, that it would have a life and energy to it."

Q: What inspired you to make a film in 48 fps?

A: "Four years ago I shot a six or seven minute King Kong ride for Universal Studios' tram ride in California. The reason we used the high frame rate was that we didn't want people to think it's a movie. You want that sense of reality, which you get from a high frame rate, of looking in to the real world. At the time, I thought it would be so cool to make a feature film with this process."

Q: Not everyone has embraced "The Hobbit" in 48 fps.

A: "For the last year and a half there's been speculation, largely negative, about it and I'm so relieved to have gotten to this point. I've been waiting for this moment when people can actually see it for themselves. Cinephiles and serious film critics who regard 24 fps as sacred are very negative and absolutely hate it. Anybody I've spoken to under the age of 20 thinks it's fantastic. I haven't heard a single negative thing from the young people, and these are the kids that are watching films on their iPads. These are the people I want to get back in the cinema."

Q: Why all the hoopla over a frame rate?

A: "Somehow as humans, we have a reaction to change that's partly fear driven. But there are so many ways to look at movies now and it's a choice that a filmmaker has. To me as a filmmaker, you've got to take the technology that's available in 2012, not the technology we've lived with since 1927, and say how can we enhance the experience in the cinema? How can we make it more immersive, more spectacular?"

Q: George Lucas sold Lucasfilm to Disney for $4 billion. Do you think you will sell your New Zealand facility Weta someday?

A: "I would if I want to retire at some stage and want to have a nice easy life, which will hopefully happen one day. But in the foreseeable future, the fact that I'm an owner of my own digital effects facility is a fantastic advantage for me."

Q: How so?

A: "When we asked the studio if we could shoot 'The Hobbit' at 48 fps, we promised the budget would be the same. But it actually does have a cost implication because you've got to render twice as many frames and the rendering takes more time. The fact that we owned Weta and could absorb that in-house was actually part of the reason we were able to do the 48 frames."

(Editing by Patricia Reaney)

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Actor Depardieu's Belgium move "pathetic": French PM

PARIS (Reuters) - Actor Gerard Depardieu's decision to establish residency in Belgium, which does not have a wealth tax, by buying a house just over the border with France, is "pathetic" and unpatriotic, French Prime Minister Jean-Marc Ayrault said on Wednesday.

Depardieu has become the latest wealthy Frenchman after luxury magnate Bernard Arnault to look for shelter outside his native country following tax hikes by Socialist President Francois Hollande.

"Going just over the border, I find that fairly pathetic," Ayrault said on France 2 television. "Being a Frenchman means loving your country and helping it to get back on its feet."

The "Cyrano de Bergerac" star bought a house in the Belgian village of Nechin near the border with France, where 27 percent of the population is composed of French nationals, local mayor Daniel Senesael told French media on Sunday.

Depardieu also enquired about procedures for acquiring Belgian residency, he said.

Yann Galut, a Socialist member of parliament, condemned the actor and proposed that France copy U.S. practice by adopting a law that would force exiles to pay full tax dues or risk being stripped of their nationality.

"It is scandalous and shameful," Galut told Reuters in an interview.

"The country's in dire straits. This man owes everything he has to France - the accolades, the subsidies that helped produce his films, the schools where he was educated. At the end of a career that made him extremely rich he wants nothing to do with national solidarity."

Belgian residents do not pay wealth tax, which in France is now slapped on individuals with assets over 1.3 million euros ($1.70 million), nor do they pay capital gains tax on share sales. France has also imposed a 75-percent tax on incomes exceeding 1 million euros.

The tax hikes have been welcomed by left-wingers who say the rich must do more to help redress public finances but attacked by some wealthy personalities and foreign critics, who say it will increase tax flight and dampen investment.

Depardieu's move comes three months after Arnault, chief executive of luxury giant LVMH, caused an uproar by seeking to establish residency in Belgium - a move he said was not motivated by tax reasons.

The left-leaning Liberation daily reacted with a front-page headline next a photograph of Arnault telling him to "Get lost, you rich jerk", prompting luxury advertisers including LVMH to withdraw their advertisements.

Ayrault said he did not support the idea floated by Galut, and the call was also partially disowned by the leader of the Socialist group in the lower house of parliament.

"I'd rather appeal to people's intelligence, to their hearts," Ayrault said.

Undeterred, Galut said tax dodging may be costing the state as much as 6 to 8 billion euros ($7.8 to 10.4 billion) a year in lost income and that such amounts were "far from negligible" at a time when France is at pains to reduce a bloated debt.

"Everyone is being asked to chip in, private individuals and companies alike. It's inadmissible that people who made fortunes in France refuse to share their part of the burden," he said.

Galut said he was asked on Wednesday to set up a parliamentary panel that would look into the question of tax exiles, saying he would like to see action taken when parliament broaches a budget bill for 2014.

($1 = 0.7669 euros)

(Editing by Jon Boyle and Louise Heavens)

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Politico financier Joe L. Allbritton dies at 87

LOS ANGELES (TheWrap.com) - Joe L. Allbritton, the millionaire founder of Politico's parent company, died Wednesday of heart ailments in a Houston hospital. He was 87.

The founder of Allbritton Communications, which launched Politico and owns several television stations, built the Washington, D.C.-based media empire after controversy-fraught years as the chief of Riggs National Bank.

Born in Mississippi and raised in Texas, Allbritton was a self-made businessman, who dabbled in real estate, mortuaries and banking before entering the news business in 1974, when he purchased the struggling Washington Star newspaper.

He revived the paper. Six years later, federal regulations regarding cross ownership of newspaper and television stations forced him to sell his $35 million investment. Time Inc. bought it for $217 million.

Allbritton held on to his more lucrative media properties, including WJLA, an ABC affiliate in Washington, D.C. that took his initials, and helped launch NewsChannel 8, also in Washington, one of the country's first 24-hour news channels.

The company he founded, which is now run by his son, Robert, has made inroads into the internet world - founding Politico in 2007 and TBD, a short-lived internet news site that the company shuttered in 2012. Though Politico is his son's creation, the elder Allbritton bankrolled the publication and has been accused of excessively involving himself in its editorial affairs.

But, for all of Allbritton's successes and wealth, his career was marred by a nationwide recession in the early 1990s that Forbes magazine said brought the bank to the brink of insolvency.

The economic slump left Riggs with bad loans on drastically devalued real estate, but Allbritton was also blamed by analysts for ignoring the growing suburban banking market which took business away from Riggs.

Despite these woes, he refused to give up his private jet at Riggs, even as shareholders urged him to sell the Gulfstream.

He was also criticized for his eagerness to do business with some shady customers

He personally courted Chilean dictator Augusto Pinochet, whom human rights groups accused of killing more than 3,000 of his own citizens during his 17-year reign.

And - in a 2001 letter to Teodoro Obiang Nguema, the dictator of oil-rich Equatorial Guinea - Allbritton praised the west African strongman's "reputation for prudent leadership." Obiang deposited hundreds of millions of dollars in banks controlled by Allbritton.

But little of this criticism appeared in Politico's glowing, three-page obituary on its financier.

The piece, bylined by editor-in-chief John F. Harris and reporter James Hohmann, makes a brief, passing mention of a federal inquiry into Allbritton's dealings with Pinochet. There is no mention of Obiang.

The man, whom the Washington Post noted - in the headline of its obituary - led once-venerable Riggs to "disrepute" is praised by Politico with a laundry list of accomplishments.

"He would wear Politico baseball caps and T-shirts while playing with his grandchildren. Sometimes, he would quiz executives at the company on business and editorial matters, sometimes pretending caustically to second-guess their decisions," Harris and Hohmann wrote of the former boss.

"It took the publisher, adept at reading his father's sense of humor, to assure people that he was just kidding; his main involvement in the new publication was as cheerleader."

It wasn't the only time Allbritton was accused of involving himself in Politico's coverage.

In 2007, five months after the news agency's christening, Glenn Greenwald, then a columnist at Salon, accused Politico of having a conservative bias, pointing to Allbritton's appointment of Frederick J. Ryan Jr., a one-time assistant to President Ronald Reagan, as president and CEO of Politico.

"There is nothing wrong per se with hard-core political operatives running a news organization. Long-time Republican strategist Roger Ailes oversees Fox News, of course," Greenwald wrote. "But it seems rather self-evident that a news organization run by someone with such clear-cut political biases ought to have a hard time holding itself out as some sort of politically unbiased source of news."

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Mick Jagger love letters fetch $300,000 at auction

LONDON (Reuters) - A collection of love letters written by Rolling Stones frontman Mick Jagger to American singer Marsha Hunt, believed to be the inspiration for the band's hit single "Brown Sugar", sold at Sotheby's on Wednesday for 187,250 pounds ($301,000).

The 10 letters, dating from the summer of 1969, had been expected to fetch 70-100,000 pounds, according to the auctioneer.

"The passage of time has given these letters a place in our cultural history," Hunt said after the London sale.

"1969 saw the ebbing of a crucial, revolutionary era, highly influenced by such artists as The Beatles, The Rolling Stones, James Brown and Bob Dylan.

"Their inner thoughts should not be the property of only their families, but the public at large, to reveal who these influential artists were - not as commercial images, but their private selves."

Hunt, with whom Jagger had his first child, Karis, told Britain's Guardian newspaper last month that she was selling the letters, written in July and August 1969, because she had been unable to pay her bills.

"I'm broke," Hunt, who lives in France, told the newspaper.

Jagger wrote them to Hunt while filming the Tony Richardson movie "Ned Kelly" in Australia.

They showed a sensitive side of the then-young singer, who wrote about the poetry of Emily Dickinson, meeting author Christopher Isherwood and an unrealized multimedia project.

Jagger's relationship with Hunt, who is African-American, was kept under wraps until 1972.

Hunt has said she was the inspiration for Brown Sugar, which Jagger wrote while in Australia.

The rock star also cites in the letters the disintegration of his relationship with singer Marianne Faithfull, whom he was also dating at the time, and the death of Rolling Stones' guitarist Brian Jones.

There has been a surge in interest in the rock band this year, as Jagger and his three surviving bandmates celebrate the 50th anniversary of the Stones with a series of concerts, a photo book and a greatest hits album.

(Reporting by Mike Collett-White)

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Singer-songwriter Carole King to receive U.S. Gershwin prize

(Reuters) - American singer-songwriter Carole King will be awarded the Library of Congress Gershwin Prize for Popular Song, the U.S. national library said on Thursday.

The multiple Grammy Award winner co-wrote her first No. 1 hit at age 17 with then-husband Gerry Goffin and was the first female solo artist to sell more than 10 million copies of a single album, with her 1971 release "Tapestry."

The prize honors individuals for lifetime achievement in popular music, the library said. It is named after songwriting brothers George and Ira Gershwin.

King, now 70, topped the charts with the song "It's Too Late" in 1971, but is best known for her work performed by others, including "You've Got a Friend" by James Taylor and "(You Make Me Feel Like) A Natural Woman" by Aretha Franklin.

"I was so pleased when the venerable Library of Congress began honoring writers of popular songs with the Gershwin Prize," King said in a statement. "I'm proud to be the fifth such honoree and the first woman among such distinguished company."

King and Goffin wrote some the biggest hits of the 1960s before their nine-year marriage ended in 1968. They rose to prominence in 1960 writing "Will You Love Me Tomorrow" for the Shirelles.

The duo also scored hits with "Take Good Care of My Baby," performed by Bobby Vee in 1961, "The Loco-Motion," performed by Little Eva in 1962 and "Pleasant Valley Sunday," performed by The Monkees in 1967, among others.

New York-born King did not hit it big as a singer until 1971, when "Tapestry" topped the U.S. album charts for 15 weeks, then a record for a female solo artist.

Past recipients of the award include Paul Simon, Stevie Wonder, Paul McCartney and songwriting tandem Burt Bacharach and Hal David.

(Reporting by Eric Kelsey; Editing by Jill Serjeant and Xavier Briand)

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