June media spend slides as 2016 election takes its toll
The impact of a federal government spending spree in the lead up to the 2016 election has had a massive impact on the year-on-year Standard Media Index spending figures for June, with government spending now appearing to drop 69% on the previous year.
SMI managing director Jane Schulze said the impact of the election spending last year had also dampened figures for the entire quarter and disguised underlying growth across a number of sectors.
Shulze said an extra $56.6m flooded the market from government departments and political parties in June last year.