Australia's media landscape remains highly concentrated, with significant revenue generated by a few major players, raising concerns over public-interest journalism funding and competition.
The latest data reveals that Alphabet's revenue in Australia reached A$7.9 billion in 2022, surpassing that of notable local companies and emphasizing Google's dominance.
The revenue from telecommunications and internet sectors accounted for about $69 billion in 2022 in Australia, with Google's and Meta's advertising revenues being prominent players.
The report highlights ongoing issues related to funding journalism in a concentrated media environment, where advertising revenues have shifted towards a select few companies.
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