The large multi-site programs are investing more in other sources of traffic while devoting less manpower and resources to their affiliate marketing.
The small one and two site independent programs are pretty much the same as they've always been. Some of the older sites are fading away as the owners get tired of putting in the work now that the money isn't rolling in so easy.
Overall, the affiliate model is changing as technology makes different content delivery options available. Those that just keep pushing the same old stuff without constantly seeking out new sponsors, weeding out the dead ones or trying new ways to monetize their traffic will likely find it difficult to maintain their income levels.
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