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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.”
Agrisea NZ has appointed Craig Hudson as it's new chief growth officer.
State farmer Landcorp, trading as Pamu, is a forecasting a full-year net profit of around $100 million.
Tony Aitken, chief executive of Ruralco, has been awarded the Excellence in Business Leadership Award at the ANZ Business of the Year Awards.
Global trade has been thrown into another bout of uncertainty following the overnight ruling by US Supreme Court, striking down President Donald Trump's decision to impose additional tariffs on trading partners.
Controls on the movement of fruit and vegetables in the Auckland suburb of Mt Roskill have been lifted.
Fonterra farmer shareholders and unit holders are in line for another payment in April.