Just wondered.
Both if it's possible and if it's actually being done locally.
My blog gets about a thousand hits per week and it pays on click-throughs for the ads. Last year, it returned the whopping sum of $100!
I don't want to think about that on a per-word basis. Too depressing.
But on the other hand, I've signed on with the OKC Examiner as their alternative transportation examiner. It pays on a page view basis. That's far more than the blog. If I can attract enough readers, it may actually support one of my hobbies, but it will never pay the mortgage.