Who's making all the money these days?

TGP's? Exclusive Content Sites? Mass Site Program Owners?

From what i've been hearing, seems like niche specific sites with FHG are doing amazing. Add exclusive content to that and you'll be laughing. Is that true?

Looking at this thread http://forums.gaywidewebmasters.com/...ad.php?t=23668, I’m seeing ratios of 1:25 which i thought were long gone. Isn't a ratio of 1:300-500 more the way of today for exclusive content sites?

So confused!!!