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SAN FRANCISCO (Reuters) - The Web publishing phenomenon known as the blogsphere has millions of sites but only a small number gain significant audiences, according to data released on Friday.

"Blogging is the fastest growing form of content on the Web," said Jim Lanzone, senior vice president of search at AskJeeves, a unit of IAC/InterActiveCorp and a major Web search site. "But the number of sites that really matter is narrow."

"The rest of the sites are like a tree falling in the forest," he said.
Just 60 sites are "hot," defined as attracting more than 5,000 subscriber links, Lanzone said.

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