One thing to remember is that publisher revenue is net Google's monetization cut. Publisher's see just 68% of ad revenue sold on their site. So $150 is really $220.58 in gross, which is significantly higher.
Another point to remember is that typically publishers only sell to Google AdSense their unsold (so-called "non-guaranteed") inventory. Typically you take this money because it's better than nothing, and because you couldn't sell this inventory yourself. Usually this non-guaranteed inventory has a lower value then the stuff you'd sell yourself.
There's a lot of reference-style material on news sites, and the CTRs on that are not bad. Just look at Wirecutter and its affiliate model.
That said, industry average for news display ads is about 0.05%... 1 click per 2,000 impressions. No bueno. Say 3m impression get 1.5k clicks, that's $0.33 CPC net or about $0.49 CPC gross.
Another point to remember is that typically publishers only sell to Google AdSense their unsold (so-called "non-guaranteed") inventory. Typically you take this money because it's better than nothing, and because you couldn't sell this inventory yourself. Usually this non-guaranteed inventory has a lower value then the stuff you'd sell yourself.
There's a lot of reference-style material on news sites, and the CTRs on that are not bad. Just look at Wirecutter and its affiliate model.
That said, industry average for news display ads is about 0.05%... 1 click per 2,000 impressions. No bueno. Say 3m impression get 1.5k clicks, that's $0.33 CPC net or about $0.49 CPC gross.