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Technorati Engage was recently shifted as a separate entity: TechnoratiMedia. You can now sign-up for the ad network and make use of the CPM program. Though it might take a while to get onto Technorati’s Ad Network as approval is done manually.

Ads are available of 125*125 square ad units (image) and revenue is divided 60-40 between bloggers and Technorati, respectively.