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> That model favors small publishers (as niche advertisers flock to niche publications) and disadvantages large generic publishers (social networks, email clients, portals).

I agree. Advertisers would have to go back to contextual targeting, identifying websites that are likely to appeal the target audience, rather than simply buying the audience programmatically on Google's ad network



Which in turn would create an incentive to actually create websites attracting different audiences?




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