It really doesn't. That's why they have to bully google/facebook/etc into giving them favorable/privileged treatment.
> That used to be how ads worked, and I think it is a better model - for both sides in many cases.
An ad model that favors something like the NY Times can't be the better model.
It absolutely can, let me count the ways:
1. You are never, ever on a bad site - no matter how good Google et al are, bad things happen. If avoiding that matters, NY Times is a smart move.
2. You don't pay for the AdTech - everyone know who the NY Times readers are - is spending 40%-60% to overcome the problems of mass advertising better than splitting the difference with NY Times?
3. AdFraud - NY Times can charge rates and using methods that are more fraud resistant (e.g. get rid of CPM).
"We are the NY Times. If you want to advertise on our site you have to pay a premium."
"But we want to target ..."
"We are the NY Times. We have half a billion ARR. Take it or leave it."
That used to be how ads worked, and I think it is a better model - for both sides in many cases.