Arguably the only reason you have someone interested in putting ads on your page is because it is a part of the linuxaudio.org ecosystem that typically gets over 1TB of traffic every month. If you wish to do your own page/domain that is fine but you cannot put ads on a page that is even remotely associated with the University as that would imply that the University endorses the said ads and that is simply not the case at all.
More so, even if the current ad is marginally acceptable those can change at any point in time and as such cannot be easily controlled and even more importantly have to be continually monitored.
Long story short, if you wish to try to make some money with ads, please register a separate domain (which I believe you already have) and do whatever you wish to do with them. Based on the majority of the consortium members the current linuxaudio.org site will remain ad-free.
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