The Fold cover image

The Fold

Inside the wild, complex, obscure and incredibly important world of media buying

Dec 12, 2024
Paul McIntyre, founder and publisher at MI3, dives into the intricate world of media buying. He discusses the shift from traditional advertising models and its impact on local content in Australia and New Zealand. The podcast highlights the cautionary tale of New Zealand’s stagnation as a warning for Australia's media landscape. McIntyre emphasizes the urgent need for regulatory changes and transparency in digital advertising, alongside the future challenges for journalism amid declining public trust and the rise of tech giants.
50:46

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Podcast summary created with Snipd AI

Quick takeaways

  • The shift to 'principal media' business model raises concerns about advertising transparency and the quality of journalism in Australia and New Zealand.
  • New Zealand's media struggles serve as a warning for Australia, emphasizing the need for regulatory intervention to ensure media sustainability.

Deep dives

The Advertising Landscape and Its Impact on Media

The podcast delves into the significant role that advertising plays as the primary revenue generator for media organizations in Australia and New Zealand. It is highlighted that local media companies rely heavily on advertising, which influences their ability to produce content. Decisions made by advertisers on where to allocate their budgets—such as choosing between platforms like YouTube or TikTok—are crucial, as these choices directly affect the viability of local news and cultural productions. The conversation underscores that shifts in the advertising landscape can have dire consequences for the health of media, echoing concerns about the relationship between advertising choices and the sustainability of quality journalism.

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