From KSPR/ABC News:
Tommy Lee Jones to write, direct WB's remake of John Wayne movie 'The Cowboys'
Jeff Sneider Reuters
11:14 p.m. CDT, September 6, 2013
LOS ANGELES (TheWrap.com) - After making his directorial debut with "The Three Burials of Melquiades Estrada," Tommy Lee Jones is heading back to the desert, as he has signed on to write and direct a remake of John Wayne's 1972 movie "The Cowboys" for Warner Bros., an individual familiar with the project has told TheWrap.
Warner Bros. is on board to develop the film, which will be produced by Donald De Line ("Pain & Gain"). Warner Bros. exec Lynn Harris will oversee the project for the studio.
The original "Cowboys," which starred Wayne and Bruce Dern, followed a rancher whose cattle drivers abandon his herd to look for gold, prompting him to train a group of boys for the job so he can avoid financial ruin.
Read More here: http://www.kspr.com/entertainment/sns-rt-us-tommyleejones-thecowboys-20130906,0,4814256.story