Putting most of your eggs in one basket can get you scrambled, especially if that basket happens to be Microsoft. Last night the software giant announced that it has decided not to renew its sponsored search contract with LookSmart when it comes up in January.
While LookSmart will still provide paid text ads to popular online destinations like About.com and Terra's Lycos search engine, losing Mr. Softy is a real heartbreaker. Microsoft made up roughly two-thirds of LookSmart's listing revenue.
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