Santa Rosa-based Rialto Cinemas is officially the new operator of the Cerrito Theater. They hope to open on July 15 and I see they already have details up on their company website. More details are available from the East Bay Express. The West County Times had an article this morning but it's not yet available online.
Sadly, there is a brewing legal dispute between the former operator and the city regarding property left in the theater. The West County Times has the lowdown. I really hope it ends amicably.