Silicon Alley across the metropolitan region, bolstered by the city's emergence as a global node of creativity and entrepreneurship, social tolerance, and environmental sustainability, as well as New York's position as the leading Internet hub and telecommunications center in North America, including its vicinity to several transatlantic fiber optic trunk lines, the city's intellectual capital, and its extensive outdoor wireless connectivity. The term "Silicon Alley" was derived from the long established Silicon Valley in California. It was originally centered in the Flatiron District, in the vicinity of the Flatiron Building at Fifth Avenue near Broadway and 23rd Street, straddling Midtown and Lower
Concentration of media ownership concentration. Both the Council of Europe (CoE) and the European Union (EU) have tried to formulate a distinctive and comprehensive media policy, including on the issue of concentration. However, the emphasis of both the organisations was more on strengthening media diversity and pluralism than on limiting concentration, even though they have often expressed the need for common European media concentration regulations. However, the European Union enforces a common regulation for environmental protection, consumer protection and human rights, but it has none for media pluralism. Although there is no specific media concentration legislation at the European level, a number of existing