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Traditional news providers struggle with digital transition as tech giants capture $670 million in 2017 advertising revenue.
Gabbi Stubbs · Venture InsightsPeriod: March 201812 min read
Last updated
Preference for text-based news across all markets
Digital ad revenue captured by Google and Facebook
This report analyses the structural shifts in the Australian news industry, highlighting the decline of traditional revenue streams and the rise of digital platforms. It examines consumer preferences, noting that 71% of adults prefer text-based news over video, despite significant investment in digital video by broadcasters. The analysis explores the impact of 'fake news' on trust, the challenges of paywall adoption with only 13% of Australians paying for online news, and the strategic opportunities in voice assistants and content personalisation.
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