The New York City Economic Development Corp. has been collaborating with knowledge partner Oliver Wyman to answer this question, working with an Advisor Group of 80+ media sector CEOs (chaired by Tim Armstrong, CEO & Chairman of AOL; Jeffrey L. Bewkes, Chairman & CEO of Time Warner; Peter O. Price, President & CEO of Premiere Previews; and Sir Martin Sorrell, CEO of WPP Group), and canvassing the opinions of more than 200 media executives on how New York's media ecosystem is likely to develop and be transformed in the years ahead.
The key findings are laid out in this new report, "Media.NYC.2020", and the Advisor Group of media sector CEOs continues to collaborate with New York City and Oliver Wyman to maintain the momentum behind these efforts. This multiyear collaboration has resulted in an array of concrete initiatives to strengthen New York's media industry, many of which have already been announced by New York City Mayor Michael Bloomberg and implemented.
These include the NYC Media Lab, which partners companies looking to advance new media technologies with academic institutions undertaking related research; the NYC BigApps Competition, an annual software competition to develop online and mobile applications that utilize city data; and JumpStart New Media, a training program to help junior to mid-level employees explore opportunities in new and digital media.