If my limited edition, 250-prints-per-month 'zine isn't making money, is that the advertising industry's fault, or is there an issue with my expectations?
People ask the "how do we fix dwindling ad-based revenue" question all the time. The answer is clear, it's just not what people want to hear: metered paywalls or a subscription model (or, you know, selling an actual product / service).
The inevitable response to that is, 'but I don't make enough money off of that.'
Well, there you go! To me, that's where it should end. You don't have enough of a readership to support your website as-is. That means you can continue doing it as a labor of love, scale it down to something you can manage and that is profitable, or just, well, accept that your site isn't as great as you thought it was, and that you won't be making as much money off of it as you thought.
Isn't this basic market forces at work? I have a suspicion that even if 50% of these sites bloated with ads and deceptive, click-bait content were to die, society as a whole would actually be much better off, and the efforts of people building these kinds of sites and expecting a return would be better directed elsewhere.