Manhattan evolved into a metonym for the sphere encompassing the New York City metropolitan region's high tech industries, including the Internet, new media, telecommunications, digital media, software development, biotechnology, game design, financial technology ("fintech"), and other fields within information technology that are supported by the area's entrepreneurship ecosystem and venture capital investments. , New York City hosted 300,000 employees in the tech sector. In 2015, Silicon Alley generated over US$7.3 billion in venture capital investment, most based in Manhattan, as well as in Brooklyn, Queens, and elsewhere in the region. High technology startup companies and employment are growing in Manhattan and
Concentration of media ownership legal instruments such as the Amsterdam Protocol, the Audiovisual Media Services Directive and actions programs contribute directly and indirectly to curbing media concentration at EU level. When it comes to regulating media concentration at the common European level, there is a conflict between Member states and the European Commission (EC). Even if Member states do not publicly challenge the need for common regulation on media concentration, they push to incorporate their own regulatory approach at the EU level and are reluctant to give the European Union their regulatory power on the issue of media concentration. The Council of Europe's initiative