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To: Sanjay Varma who wrote (726)	2/10/1999 12:12:00 AM
From: Sanjay Varma	Respond to of 2902

The dark side of ad revenue growth: "Less encouraging was the continued trend of the largest Web operations eating up most of the revenue pie. The top 10 Web publishers now account for 70 percent of all revenue, up from 67 percent in the second quarter. The increase reflects the current level of Web merger and acquisition activity, much of which is intended to provide advertisers with larger audiences and greater cost efficiencies. " thestandard.com Sanjay