New York City is home to 29 multi-billion dollar media companies, more than any other city in the nation.
City-based companies account for roughly half of the nation’s revenue in magazines, books, and broadcast television and a quarter of the US market share in newspapers and cable television. The City’s media industry employs more than 300,000 people, nearly 10 percent of the City’s private workforce, and accounts for $30 billion in annual revenue.
On July 7, 2009, Mayor Bloomberg announced eight initiatives aimed at strengthening and growing the media and technology sectors in New York City.
The initiatives focus on: (1) increasing collaboration among media industry representatives, including new and traditional media channels and the City’s universities, as well as between new and traditional media channels; (2) attracting and training top talent to maintain New York City’s competitiveness in the global marketplace; and (3) recruiting leading foreign media companies and helping New York City-based companies expand abroad. View the Media Initiatives Press Release.
The initiatives are based on recommendations from MediaNYC 2020, a program launched by Mayor Bloomberg and NYCEDC on February 18, 2009, which has included more than 200 discussions with media and technology industry CEOs and other executives. The program aims at creating a better understanding of what the media industry will look like in 2020 and finding ways the City and private sector can work together to maintain and enhance New York City’s position as a global leader.
View the MediaNYC2020 Press Release.
Download the Media NYC 2020 report
Better connectivity in the City’s commercial districts is critical to the City’s businesses, residents and visitors, and to the City’s ability to drive growth, innovation and maintain its competitiveness. NYCEDC awarded grants to five organizations to expand free, public wireless access across the five boroughs to provide local visitors, tourists, and businesses with free connectivity in key commercial districts.
A suite of initiatives have been announced to expand New York City’s broadband connectivity and ensure that the City further establishes its leadership position in connectivity and technology for the 21st century.
The initiatives include:
Collectively, these initiatives, which were developed in partnership with NYCEDC and the Department of Information Technology and Telecommunications, are expected to lead to hundreds of buildings being wired for state-of-the-art connectivity in the next two years, tens of thousands of permits issued through more efficient and streamlined processes, thousands of buildings being certified and placed on the City’s digital map, and a significant increase in online resources for thousands of residents of the five boroughs.