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Here’s a breakdown to make it even clearer. News websites, like any other website that relies on advertising, have ad spaces. When an advertiser wants to get their ad seen by people who are reading news, they'll buy ad space. The CPM is the price they agree to pay for every 1,000 views of their ad. For example, if a news website charges a CPM of $5, that means the advertiser pays $5 for every 1,000 times their ad is shown to a user. This model is all about *impressions*, not necessarily clicks or conversions. It's about getting your ad in front of as many eyeballs as possible. It is a common model for branding campaigns or when the goal is to increase brand visibility and awareness.
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