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Yes some of the big boys have shut down sites. Adult.com did at adultplatinum but they did at least redirect the traffic to other similar sites which is fine.
When a sponsor closes a site it sucks but I'd have to assume there is a GOOD reason. Is it unprofessional? Depends on the circumstances. If they close to new sales and leave the members area up so people rebill for at least a bit ok, not much money lost. But if they close it all down completely with rebills being dropped and webmasters losing money then yes there is an issue there for sure no matter what the reason.
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