Bloomberg is reporting today that the FTC may take a dive on exercising oversight of Google’s government-protected monopoly

Google’s incredible profits didn’t materialize out of nothing. They are derived because as the news audience has migrated online, Google has skimmed the lion’s share of news advertizing revenues for itself. That money used to go to pay for investigative reporting. Google’s glittering balance sheet basically comes from driving the 4th estate out of business.