New York (state) States, while Midtown Manhattan is the largest central business district in the nation. Silicon Alley, centered in New York City, has evolved into a metonym for the sphere encompassing the New York City metropolitan region's high technology and entrepreneurship ecosystem; in 2015, Silicon Alley generated over US$7.3 billion in venture capital investment. High tech industries including digital media, biotechnology, software development, game design, and other fields in information technology are growing, bolstered by New York City's position at the terminus of several transatlantic fiber optic trunk lines, its intellectual capital, as well as its growing outdoor wireless connectivity. In December
Concentration of media ownership between undertakings as part of European competition legislation covered also media concentration cases. The need for sector-specific regulation has been widely supported by both media scholars and the European Parliament. In the 1980s, when preparing legislation on cross-border television many experts and MEPs argued for including provisions for media concentration in the EU directive but these efforts failed. In 1992, the Commission of the European Communities published a policy document named "Pluralism and Media Concentration in the internal Market – an assessment of the need for Community action" which outlined three options on the issue of media concentration regulation at