If you search for 'universities', you will find Google universities listed second in search results though there are many other more useful and established university web sites. In that case Google will own all the internet: most businesses have to be listed in Google map to be found and reviewed And how many millions of webmasters are currently wasting their time if they are trying to share the market with Google?
Google owns the search engine that most of the world uses, it does not own most of the Internet, but serving as a gateway it has tremendous power and leverage.
http://www.google.com/options/universities.html displays all the known universities in the USA, or a very good portion of them. I would think this to be a useful resource to have in the top results. No one "owns" the internet.
That was history, it was only went the public and commercial entities took over that it evolved to become the Internet that we know of today. Internet is really own by no one.