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Media & Comm, editor's picks: Facebook security breach; Pluto TV's UK expansion

Here are the editor's top picks for the week.

Analysis: Facebook's recent breach poses longer-term threat to stock

Facebook Inc.'s latest security breach should have a limited impact on the company's user trends and revenue in the short term, but it points toward larger concerns around the firm's approach to privacy, analysts said. The social media giant recently revealed that an attack on its computer network exposed the personal information of nearly 50 million users.

Lawyers: Legal forecast uncertain for broadcast streaming service Locast

The local broadcast streaming service is still going strong after almost one year of service and plans to expand further. While some believe the site's success proves it is legal, others say broadcasters will quash the service.

Charter's ad sales unit completes rollout of data-driven TV tool

Spectrum Reach, the advertising sales business of Charter Communications Inc., has completed the rollout of AudienceApp, a data-driven TV planning tool it developed in concert with advanced data analytics company 605. After bowing in Austin, Texas, in August 2017, the product is now available in 80 markets.

Pluto TV expands into UK ahead of European rollout

Free internet TV service Pluto TV made its U.K. debut Oct. 2 as an app on Sky PLC's contract-free streaming platform, known as NOW TV, ahead of a planned European rollout. The app will offer more than 100 Pluto TV and third-party channels, as well as independent movies, sports and entertainment on NOW TV Smart Stick and NOW TV Boxes.

ITV shares jump 4.3% after it rules out bid for Endemol Shine

ITV PLC's share price climbed 4.3% on Oct. 3 after the company ruled out a bid for Endemol Shine Group Ltd., the Netherlands-based TV production giant behind "Black Mirror" and the "Big Brother" reality TV show. "In light of continued press speculation, ITV confirms that it has no current intention of making a bid for Endemol Shine Group," the British commercial broadcaster said in a statement.