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THE BROAD VIEW: COMMENTARY

Forget AT&T; the real monopolies are Google and Facebook

While Washington frets over an AT&T-Time Warner merger, Silicon Valley giants have taken over the media business.

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In the first quarter of 2016, 85 cents of every new dollar spent on online advertising will go to Google (above) or Facebook, according to Brian Nowak, an analyst with Morgan Stanley.

BT_20161217_JHMONO17AODGX_2650141.jpg
In the first quarter of 2016, 85 cents of every new dollar spent on online advertising will go to Google or Facebook (above), according to Brian Nowak, an analyst with Morgan Stanley.

THE proposed merger of AT&T and Time Warner has drawn censure from both sides of the political aisle, as well as a Senate hearing that looked into the potential for the combined company to become a monopoly.

But if we are going to examine media monopolies, we should look first at

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