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Editor's picks: ViacomCBS set to lead ad sales; FiOS1 News shutting down in NY

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

Data Dispatch: ViacomCBS set to lead media conglomerates in US ad sales

The proposed merger of CBS Corp. and Viacom Inc. would propel the new entity to the top of the U.S. media network advertising industry, industry data shows. In the most recent quarter, CBS reported $1.42 billion in U.S. advertising revenue, while Viacom reported $976.0 million. Taken together, a merged ViacomCBS would have generated enough in domestic ad sales to eclipse NBCUniversal Media LLC's industry-leading $2.26 billion ad haul.

Verizon to shutter FiOS1 News in New York market in mid-November

Verizon Communications Inc.'s FiOS1 News is shutting down its local news programming in the New York metro area, though it is eyeing other content plans. The telco said Regional News Network which had been supplying the content and talent to FiOS1 News, will not renew its contract and is now slated to end the more than 10-year relationship come mid-November. Some 150 jobs are at stake.

Analysts: AMS-Osram marriage could lead to closer relationship with Apple

From self-driving cars to healthcare, all roads from a potential AMS AG and OSRAM Licht AG merger lead through Apple Inc., industry experts say. Austria's AMS, whose 3D sensors help power facial recognition on the iPhone, is holding takeover negotiations with Germany's Osram, having offered an all-cash bid of €4.3 billion for the struggling lighting firm.

5G Focus: US spectrum battle; rollout in Ireland; product plans from China

Last week saw a rift among major U.S. telecom industry players about the allocation of 5G spectrum. Across the pond, a tie-up between a Vodafone Group PLC unit and Ericsson enabled the launch of 5G in Ireland. Meanwhile, Huawei Technologies Co. Ltd. and DouYu International Holdings Ltd. are hoping 5G could boost their latest online and mobile products.

States' biometric privacy push could threaten big tech in US

While state legislative proposals to regulate biometric privacy continue to emerge around the country, the likelihood that they could increase financial liability for big tech companies depends on whether they allow private citizens the right to sue for violations, legal experts said in interviews. A federal appeals court ruled on Aug. 8 that a facial recognition class-action lawsuit contending that Facebook Inc. violated Illinois' biometric privacy law can move forward. The alleged violation could reportedly impact up to 7 million users.