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 in Turkey Radio and Television Enterprises and their Media Services (2011), for audio-visual media. The Turkish Competition Authority ("") is entitled to take action against distortion of competition according to another law, i.e. the Law on the Protection of Competition. Therefore, as for the broadcasting sector there are sector-specific regulatory safeguards against a high horizontal concentration. For instance, the Law requires companies that are about to take over or merge with others to seek permission from the Radio and Television Supreme Council (Radyo ve Televizyon Üst Kurulu- RTÜK) and to inform it about transactions not later than 30 days after their completion.