New York City in the world at 103, including former Mayor Michael Bloomberg. New York also had the highest density of millionaires per capita among major U.S. cities in 2014, at 4.6% of residents. New York City is one of the relatively few American cities levying an income tax (currently about 3%) on its residents. New York is a global hub of business and commerce. The city is a major center for banking and finance, retailing, world trade, transportation, tourism, real estate, new media, traditional media, advertising, legal services, accountancy, insurance, theater, fashion, and the arts in the United States; while Silicon Alley,
Media of Bulgaria concentration on the basis that it would not establish or increase a dominant position in the distribution market. According to the Media Pluralism Monitor, "concentration of media ownership is very high". The top 4 major owners in the broadcasting sector have an aggregated market share (based on advertising revenue only) of 93.35%. The top 4 major owners of daily newspapers reach an aggregated market share of 79.7%. As for Internet Service Providers (ISPs), they have an estimated market share which is above 50%. Concentration trends are also present in terms of audience and readership whose concentration is "very high" according