In December of 2016, we presented a lengthy analysis of the structure, conduct and performance of communications markets to the Senate Judiciary Committee as evidence to support our testimony calling for the rejection of the ATT-Time Warner merger. In the fifteen months since we testified, two important developments have supported our analysis and conclusions. This document expands and refines our earlier analysis of the emergence of what we call a “tight oligopoly on steroids” in the digital communications space.
