Here are the editor's top picks for the week.
Twitter CEO admits platform needs more transparency, denies political bias
In front of a House Energy and Commerce Committee hearing Sept. 5, Twitter Inc. CEO Jack Dorsey admitted that the company needs to make the rules clearer and improve privacy and the accuracy of information on the social media platform. Dorsey also believes that Twitter needs to do more to protect people on the platform who are not celebrities or politicians.
Social media execs address US lawmakers weighing regulatory options for tech
Facebook Inc. COO Sheryl Sandberg said the company would work with Congress to reach "the right regulation" to increase transparency when problematic information was identified, as lawmakers seemed to grapple with what type of regulation that might be. "We were too slow to spot this and too slow to act," Sandberg said in prepared remarks. "This interference was completely unacceptable. It violated the values of our company and of the country we love."
Analyst says Disney should divest FOX regional sports networks in 6 groups
RBC Capital Markets analyst Steven Cahall believes that the sale of the 22 networks could net Walt Disney Co. nearly $14 billion after tax, but he predicts interest will be strongest if the portfolio is broken up. Cahall suggested that Disney could bolster interest by selling the 22 sports networks in six geo-contiguous blocks, topped by YES Network (US).
Q&A: Landmark Theatres CEO sees best year in company history as M&A process proceeds
Landmark Theatre Corp., one of the largest privately owned theater chains in the U.S., is involved in a sales process, with suitors reportedly including Amazon.com Inc. and Netflix Inc. Ted Mundorff, CEO of the Wagner/Cuban Cos.-owned company, said the exhibition business looks good in 2018 despite the competition for eyeballs. While the executive would not provide any details on the sales process in an interview with S&P Global Market Intelligence, he did say an announcement should be forthcoming.
Analysis: Amazon US Open setback underscores challenge of streaming live sports
Poor reception of Amazon.com's coverage of the U.S. Open Tennis Championships in the U.K. and Ireland is drawing attention to the challenge that streaming companies face in the world of live sports as they go head-to-head with traditional TV players. The Seattle-based tech giant, which this year secured a five-year deal to stream the tournament in the two countries, has been inundated with complaints about poor picture quality, the inability to record matches, technical glitches and restricted choice of courts to watch.