Economy of New York City supported by its entrepreneurship ecosystem and venture capital investments. In the first half of 2014, Silicon Alley generated over US$2.1 billion in venture capital investment across a broad spectrum of high technology industries, most based in Manhattan, or alternatively, Brooklyn. High technology startup companies and employment are growing in New York City and the region, bolstered by the city's position in North America as the leading Internet hub and telecommunications center, including its vicinity to several transatlantic fiber optic trunk lines, New York's intellectual capital, and its extensive outdoor wireless connectivity. According to New York’s Economic Development Corporation, telecom carriers,
Concentration of media ownership Corus Entertainment and Shaw Communications), Rogers Communications, Quebecor, and the government-owned CBC/Radio-Canada. Each of these companies holds a diverse mix of television, specialty television, and radio operations. Bell, Rogers, Shaw, and Quebecor also engage in the telecommunications industry with their ownership of internet providers, television providers, and mobile carriers, while Rogers is also involved in publishing. In 2007, CTVglobemedia, Rogers Media and Quebecor all expanded significantly through the acquisitions of CHUM Limited, CityTV and Osprey Media, respectively. In 2010, Canwest Global Communications, having filed for bankruptcy, sold its television assets to Shaw (through a new subsidiary, Shaw Media) and spun