<i>It makes me happy to see more advertising networks such as The Deck and InfluAds spring up.</i><p>If you run the numbers on the rate card, number of advertisers, and number of impressions (all public knowledge), The Deck works out at somewhere around $2.50 CPM and I bet not all advertisers are paying ratecard. $2.50CPM won't pay anyone's wages on a niche site unless they're getting silly traffic. I love The Deck philosophically but from a business point of view, I wouldn't run their ad unit even if I were invited.<p>Not many people outside of media circles are talking about the real trend that's going on nowadays (although Monocle magazine keeps sharing the secrets, but their circulation is small ;-)): advertising/editorial crossover and product development. The real money is in building audience loyalty and producing your own premium products or services targeted at them (and not a paywall that just locks up the previously free stuff). Keep an eye out for sites that advertise their own stuff (training courses, merchandise, reports, premium subscriptions) rather than other people's - it's a growing trend.