This is definitely great news for the advertisers, though certainly, it does mean that Google might need to take a pay cut. I was just wondering...this article didn't seem to mention the long horizontal bars (text advertisements) that showed up at the top of the search results in Google. If I'm not mistaken, they were on a CPM basis. Will Google's CPC advertisements be implemented there, or will they be taken out altogether?
And BTW, I have never used this program before, so I can't comment. 
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