Joey_Skulls,
After reading both posts that you have made, my question would be to ask if your conversion has dropped. Impressions and clicks are great, but if they are not converting, then it doesn't mean anything.
I have run both separated campaigns (content and search separated), and combined (where content is added into regular search). To give you my personal opinion, running content is a risky business. Everyone plus their brother who operates a blog will or wants to sign up for AdSense. This is on top of other more reputable sites running AdSense. This flattens out your consumer base and makes it harder to define where your traffic is coming from. To my knowledge (and I could be wrong) Google does not distribute a list of all domains that have accounted for your "clicks". It is much easier to track, analyze, and strategize when you know your clicks are either coming from Google or their "Search Network" (i.e. - Ask.com, dogpile.com, etc.) Also, with Google tweaking their algo just a slight bit - to make broad match broader, your content ads are going to get spread even further.
Right now, I am not running any content through Google.
When I was running Google Content, it produced an immense volume of impressions, an immense amount of clicks, an accelerated budget accumulation, and not nearly the conversion rate that would be needed to sustain a Content run.
As mentioned before, if your conversion rate has also dropped due to the separation, you might be able to more easily find out why it has dropped, whether it be from Conent, or Search.
I would almost suggest that you test a side campaign through the Content network, with a set budget per day/week/your choosing. After a set period of time, analyze the different conversion rates between search+search network, and Google content - seeing which is closer to normal and where the delta lies.
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