
Articles
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1 week ago |
mumbrella.com.au | Hal Crawford
Consumer watchdog the ACCC has confirmed an increase in foreign retailers pretending to be Australian in social media advertising. The regulator’s warning comes amid a rash of AI-generated ads for fake closing down sales on fake Australian businesses online: the so-called “Sad cobbler”. The ads, as reported in Unmade and The Guardian, typically invent back-stories for businesses that are supposedly selling inventory cheap as part of their closing down.
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1 week ago |
mumbrella.com.au | Hal Crawford
Premium Australian video and audio ads should only be sold within a walled-garden exchange, according to an industry expert who has pointed to intermediary fees and subprime bundling as evils that must be fixed. Former Dentsu investment executive and Schwartz Media CEO Ben Shepherd wrote on LinkedIn that because ad platforms and aggregators were incentivised to maximise volume, their interests were not aligned with media networks.
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1 week ago |
mumbrella.com.au | Hal Crawford
Classifieds business Gumtree Australia is considering selling its investor forum Hotcopper, according to an ASX announcement. Gumtree – previously called The Market Limited, The Market Herald, and Hotcopper Holdings – has had a rocky ride since 2022, with the ouster of a CEO, an official rebuke from The Takeover Panel, and significant board turnover. Company accounts show the business losing money through 2024 and into this year.
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2 weeks ago |
mumbrella.com.au | Hal Crawford
Australian stocks have spiked with the opening of ASX following US President Donald Trump’s 90-day reciprocal tariff pause. Media stocks have also benefited, with the Unmade Index reversing heavy losses of the past few days. On opening at 10am, the S&P/ASX200 index rose almost 5% (4.91%) wiping out falls in the past five days. The Unmade Index, which is comprised of 14 Australian media stocks, also rose close to 5% in early trading.
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2 weeks ago |
mumbrella.com.au | Hal Crawford
The presumption was that Trump would be great for business. Not even three months into the Trump presidency, that belief is being pretty thoroughly tested. Since the introduction of his tariffs last Wednesday, the S&P 500 plummeted nearly 11% – wiping $5.2 trillion off the stock index. For media, it’s not only tariffs but also changes in the regulatory environment that are having a detrimental impact.
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