Economy of New York City supported by its entrepreneurship ecosystem and venture capital investments. In the first half of 2014, Silicon Alley generated over US$2.1 billion in venture capital investment across a broad spectrum of high technology industries, most based in Manhattan, or alternatively, Brooklyn. High technology startup companies and employment are growing in New York City and the region, bolstered by the city's position in North America as the leading Internet hub and telecommunications center, including its vicinity to several transatlantic fiber optic trunk lines, New York's intellectual capital, and its extensive outdoor wireless connectivity. According to New York’s Economic Development Corporation, telecom carriers,
Concentration of media ownership the defense resources of the company. As FAIR observed, "when correspondents and paid consultants on NBC television praised the performance of U.S. weapons, they were extolling equipment made by GE, the corporation that pays their salaries." Over time the amount of media merging has increased and the number of media outlets has increased. As a result, fewer companies now own more media outlets, increasing the concentration of ownership. In 1983, 90% of US media was controlled by 50 companies; , 90% was controlled by just 6 companies and in 2017 the number was 5. News Corporation was split into two