New York metropolitan area to take advantage of New Jersey's relatively lower commercial real estate and rental prices, while offering continued geographic proximity to Manhattan's financial industry ecosystem. Silicon Alley, centered in New York City, has evolved into a metonym for the sphere encompassing the metropolitan region's high technology industries involving the Internet, new media, financial technology ("fintech"), telecommunications, digital media, software development, biotechnology, game design, and other fields within information technology that are supported by its entrepreneurship ecosystem and venture capital investments. In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment, most based in Manhattan, as well as in Brooklyn,
Concentration of media ownership been a key argument for the loosening of ownership rules within Europe." In 2002, the European Parliament tried to revitalize the efforts on regulating media concentration at the European level and adopted a resolution on media concentration which called on the European Commission to launch a broad and comprehensive consultation on media pluralism and media concentration and to prepare a Green Paper on the issue by the end of 2003. The European Commission failed to meet this deadline. In the following years, during the process of amending the Televisions Without Frontiers directive, which was adopted by the EP and the