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 Council in 2007, the issue of media concentration was discussed, but it did not represented the core of the debate. In 2003, the European Commission issued a policy document named "The future of European Regulatory Audiovisual Policy" which stressed that, in order to ensure media pluralism, measures should aim at limiting the level of media concentration by establishing "maximum holdings in media companies and prevent[ing] cumulative control or participation in several media companies at the same time". In 2007, reacting to concerns on media concentration and its repercussion on pluralism and freedom of expression in the EU member states raised