NEW YORK: Mayor Michael Bloomberg announced eight technology-focused initiatives to bolster the city's media industry, which is being battered by the recession and poor advertising climate, as well as industry changes.
The Bloomberg administration hopes the initiatives, as part of the MediaNYC 2020 program, will aid the industry for the next decade and create about 8,000 jobs. The mayor's office acknowledged in a statement that the new media industry is growing at a faster rate than the traditional media sector, ...