NYC Mayor Bloomberg rescues media

"Eight initiatives to promote innovation, attract new media businesses and help traditional-media workers transition to jobs in the digital sector are on the way.

• Mayor Michael Bloomberg announced the initiatives Tuesday at IAC headquarters on Manhattan’s West Side. They grew out of MediaNYC 2020, a program that convened media and technology executives

• with university and government officials in recent months to develop strategies for the media sector.

The initiatives are projected to create 8,000 jobs, according to city officials, and are designed to address the weak spots in New York’s media economy.

• At a briefing last week to introduce the initiatives to reporters, officials of the New York City Economic Development Corp. pointed out that New York’s biggest media industries, like publishing and television, are projected to claim less and less of consumers’ time every year through 2012.

Meanwhile, digital media industries like gaming and social networking are growing by double digits.

• “New York City is the media capital of the world, but—with the industry undergoing profound changes—it’s incumbent on us to take steps now to capitalize on growth opportunities and ensure we remain an industry leader,” Mr. Bloomberg said in a statement."...from Crain's NY Business article, "Bloomberg Rides to Media's Rescue," by Matthew Flamm, 7/7/09. via Radio Daily News.

Bloomberg uses back room deals with media elites to strangle the voice of the voter. A system successfully used in the average Banana Republic. NY Times, 8/22/08, "Bloomberg Said to Test a Term Limit Reversal"

Tweet Stumbleupon StumbleUpon