Does hotlinking affect Google CPM rate?

not sure if hotlinking is the right term I'm looking for

[skunker]

Hello,
I get about 1-2 million pageviews per month and was wondering if the number of impressions affect my CPM rate? Is it the higher the impressions, the lower the CPM rate?

If so, I do not have hot-linking disabled (for example, people post my images on forums, etc and it affects the number of impressions, right?). If hotlinking affects google adsense CPM, I'll disable that.

Any thoughts? My CPM has sucked!

[hunderdown]

Hot-linking to images wouldn't affect your page CPM, because only an image is being called. A page impression is a page impression only if an actual page is called.