“Ace in the Hole”: This reporter found a man buried alive. You won’t believe what happens next.

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If you think the media satire in Billy Wilder’s “Ace in the Hole” is dated, I’ve got a Malaysian airliner I’d like to sell you. Even today, perhaps especially today, Wilder’s 1951 satire (his follow-up to “Sunset Boulevard”) hits a nerve  — especially if the viewer happens to be member of the media himself. Criterion released a dandy DVD edition in 2007, and it’s been re-released this month as a Blu-ray/DVD combo package with a sparkling new digital transfer.

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