History: New York City, 1980s, United States

New York is a center for the television, advertising, music, newspaper and book publishing industries and is also the largest media market in North America (followed by Los Angeles, Chicago, and Toronto).
Some of the city's media conglomerates include Time Warner, the Thomson Reuters Corporation, the News Corporation, the Hearst Corporation, and Viacom. Seven of the world's top eight global advertising agency networks have their headquarters in New York. Three of the "Big Four" record labels' headquarters, are in New York City; Universal Music Group, Sony Music Entertainment and Warner Music Group. One-third of all American independent films are produced in New York.
More than 200 newspapers and 350 consumer magazines have an office in the city and the book-publishing industry employs about 25,000 people.
Two of the three national daily newspapers in the United States are New York papers:The Wall Street Journal and The New York Times which has won the most Pulitzer Prizes for journalism.