New York City is one of the largest centers for television, advertising, music, newspapers and book publishing in North America (followed by Los Angeles, Chicago and Toronto).
It is also the largest mass media market. Some of the city’s media giants include Time Warner, Thomson Reuters Corporation, News Corporation, Hearst Corporation, and Viacom. Seven of the top eight global advertising networks in the world are headquartered in New York. For three of the “Big Four” record companies, their headquarters are in New York. These are Universal Music Group, Sony Music Entertainment and Warner Music Group. One third of all American independent films have been produced in New York.
More than 200 newspapers and 350 magazines have an office in the city and the publishing industry employs around 25,000 people.
Two of the three national daily newspapers in the United States are published in the city, the Wall Street Journal and The New York Times, which has won the most Pulitzer Prizes in journalism.
Major newspapers in the city include The New York Daily News and The New York Post, founded in 1801 by Alexander Hamilton.
The city also has the largest National Press, with 270 newspapers and magazines published in more than 40 languages. El Diario La Prensa is the largest Spanish-language daily newspaper in New York and the oldest in the country. The New York Amsterdam News, published in Harlem, is a prominent African-American newspaper. The Village Voice is the largest alternative newspaper.
The television industry is growing in New York and is an important resource in the city’s economy.
The four major US networks have their headquarters in New York. These are ABC, CBS, FOX and NBC. There are also many cable channels including MTV, Fox News, HBO and Comedy Central.
In 2005, there were more than 100 television shows taped in New York.
New York is also an important center for non-commercial media. The oldest public access television channel in the United States is the Manhattan Neighborhood Network, founded in 1971. WNET is the city’s largest public station and a primary source of national PBS programming. WNYC, a public radio station owned by the city until 1997, has the largest radio audience in the United States.