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I'd say they're still monetizable - but it depends on how much work you care to put into it, and how well you know distribution/marketing. It's a tough sell these days and takes a long while to gain momentum. If you already have an existing traffic stream, that's the first hurdle.
We still rotate our old content from the late 90s/2000s and get a small revenue stream from it...but it's dwindling.
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