Media in New York City Media in New York City New York City has been called the media capital of the world. The media of New York City are internationally influential and include some of the most important newspapers, largest publishing houses, biggest record companies, and most prolific television studios in the world. It is a major global center for the book and magazine publishing, music, newspaper, and television industries. New York is also the largest media market in North America (followed by Los Angeles, Chicago, and Toronto). Some of the city's media conglomerates include CNN (Turner), the Hearst Corporation, NBCUniversal, CBS, The New York
Concentration of media ownership a limited number of stations. In most countries, this system of licensing makes many markets local oligopolies. The similar market structure exists for television broadcasting, cable systems and newspaper industries, all of which are characterized by the existence of large-scale owners. Concentration of ownership is often found in these industries. In the United States, data on ownership and market share of media companies is not held in the public domain. Organizations like Fairness and Accuracy in Reporting have accused the Military-industrial-media complex of using their media resources to promote militarism, which, according to Fairness and Accuracy in Reporting's hypothesis, benefits