For anyone who is familiar with online advertising, you no doubt have read stories about how convoluted it is. You might have read stories about CPM’s fluctuating, more Web sites and publishers tinkering with a subscription model to offset pressure-packed margins from advertising, or even one story written in Mediaweek on the heels of the Interactive Advertising Bureau’s (IAB) Annual Meeting subtitled “Web publishers totally screwed or aren’t they?” What’s behind the convoluted nature of the web?

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