Yahoo reminds me a lot of adsense back in the day. At the moment I cant see them even looking at sites with less than 10K uniques per day and just remember it takes a while for them to review your content (around a month for me which leads me to believe a "real" yahoo representative checks through applicants content). There procedures seem far more strict than the big G's, they are interested in your type of content, monthly traffic, update rate etc etc. Yahoo could go in googles direction as time goes by as they refine their program eventually going more mainstream and gaining appeal from more small-time bloggers as google did. Or on the other hand Yahoo could stay as they are, only accepting sites with large traffic possibly in an attempt to avoid all the click fraud google receives (currently pinned at over 20%) thus pushing for higher payouts from advertisers making yahoo a more attractive program for bigger level publishers.
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