Contextual Ads - Good, Bad or Ugly?

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The good, bad and ugly of contextual ads from Google, Yahoo
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A very nice piece from Mark Glaser on the good, bad and ugly of contextual ads. It focuses on Adsense and ContentMatch but touches on a few others also - with nice anecdotes from industry figures and publishers it's a good overview of the current state of contextual advertising.

If you're interested in Alternatives to Adsense then we had a good discussion a while back that threw out about 25 or so...