New York City looking for ways to come to the aid of its media companies

New York's mayor, Michael Bloomberg, has launched an initiative to come to the aid of the metropolis's ailing media industries, according to a story in the New York Observer.The media industry is one of the largest in the city, accounting for more than 160,000 jobs and $15 billion in wages, and occupying more than 14 percent of Manhattan’s office space. [The Economic Development Corporation] EDC