fbpx
Print this page
Thursday, 01 May 2025 08:25

Dollars go offshore

Written by  Milking It

OPINION: The Advertising Standards Authority’s 2024 report revealed that not only is social media rotting our brains, it is also taking a growing chunk of New Zealand’s ad revenue offshore.

Most digital advertising goes to platforms like Google, Facebook, and TikTok.

Infometrics chief economist Brad Olsen says digital ad growth from these offshore behemoths is undermining traditional media.

Milking It reckons this trend would be easier to swallow if the tech giants were paying their share of local taxes, but there’s plenty of evidence that they are not.

Former Herald editor Gavin Ellis says the ad drain is gutting the industry.

“Imagine if our health system was being forced to downsize because its revenue was being sent offshore – there’d be outrage.”

More like this

Not so cuddly

OPINION: The image of regenerative farmers as kind, cuddly progressive types took a hit when one of their own took to social media to gloat over Bayer Crop Science's decision to close its Hastings research site.

It's all about economics

OPINION: According to media reports, the eye-watering price of butter has prompted Finance Minister Nicola Willis to ask for a 'please explain' from her former employer Fonterra.

Red line on dairy

OPINION: As India negotiates to open its borders to more global products, dairy is proving a sticky issue.

Featured

McClay: “Go hard, go fast!"

Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.

$2b boost in NZ exports to EU

New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.

National

Machinery & Products