Unfortunately, no. The answer to "ads drive off good content with ad-friendly content" is not going to be more ad-friendly content.
That's already driven the payments for ads down well below liveable levels. Making the content more cheaply is only going to increase that trend.
You can still make content better than what makes sense for ad-supported. But it's going to be buried even deeper in the ad-ecosystem deluge, so it won't really be findable.