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>An ad model that favors something like the NY Times can't be the better model.

It absolutely can, let me count the ways:

1. You are never, ever on a bad site - no matter how good Google et al are, bad things happen. If avoiding that matters, NY Times is a smart move.

2. You don't pay for the AdTech - everyone know who the NY Times readers are - is spending 40%-60% to overcome the problems of mass advertising better than splitting the difference with NY Times?

3. AdFraud - NY Times can charge rates and using methods that are more fraud resistant (e.g. get rid of CPM).




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