You're missing the point. They pulled an AwesomenessTV, and by that I mean they will partner just about anyone. When you're a small channel, you don't make much money to begin with. Put a network that cut's your pay in half, and you will be making even less. They are using you for money. It's a business scheme.
But yes, at the end of the day you are making money for essentially nothing, but who would you rather make money with: A network that has a 70+ % split, and has a larger requirement to partner, or a network that has a 50% split and partners just about everyone?