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 between undertakings as part of European competition legislation covered also media concentration cases. The need for sector-specific regulation has been widely supported by both media scholars and the European Parliament. In the 1980s, when preparing legislation on cross-border television many experts and MEPs argued for including provisions for media concentration in the EU directive but these efforts failed. In 1992, the Commission of the European Communities published a policy document named "Pluralism and Media Concentration in the internal Market – an assessment of the need for Community action" which outlined three options on the issue of media concentration regulation at