I had AdSense Manager 3.3.3, I upgraded to Advertising Manager 3.4.7, and then deactivated the Adsense Manager. I started having this issue, so I decided to delete the Advertising Manager Adsense imported from the previous version and I added the same fresh google ads code.
Well, it's the same. Before Upgrading to Advertising Manager between the first 3 posts in the Home, there were the banners and between the next posts a very little space was present, as per template, normal space.
Now with this plugin I have a BIG space between the 3&4 and 4&5 post. It's like a banner to be present also there, but they are not present.
Please look at the page here.
Here you can see the ENTRY in the index.html of the template.
<div id="entry">
<!--added by me-->
<!--added by me-->
<div class="recent">
<?php $my_query = new WP_Query('showposts=1');
while ($my_query->have_posts()) : $my_query->the_post();
$do_not_duplicate = $post->ID; ?>
<div class="post new" id="post-<?php the_ID(); ?>">
<div class="info">
<div class="latest">
<h3 class="title">Latest Entry</h3>
<div class="date">Posted on <?php the_time('M d Y'); ?></div>
</div><!--latest-->
<div class="comcount">
<?php comments_popup_link('0 Comments', '1 Comment', '% Comments'); ?>
</div><!--comcount-->
<br clear="all" />
</div><!--info-->
<h2><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>"><?php the_title(); ?></a></h2>
<div class="content"><?php the_content_rss('', TRUE, '', 90); ?><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>" class="readmore">Read More</a></div>
<div class="meta">
<div class="tags"><?php the_tags('', ', ', '<br />'); ?></div>
<div class="cats"><?php the_category(', ') ?></div>
</div><!--meta-->
</div><!--post-->
<?php endwhile; ?>
</div><!--recent-->
<div class="recentbottom"><!-- --></div>
<?php if (have_posts()) : while (have_posts()) : the_post();
if( $post->ID == $do_not_duplicate ) continue; update_post_caches($posts); ?>
<!--added by me-->
<div align="center" >
<?php adsensem_ad(); ?>
</div>
<br />
<!--added by me-->
<div class="post recent" id="post-<?php the_ID(); ?>">
<div class="info2">
<div class="latest">
<div class="date">Posted on <?php the_time('M d Y'); ?></div>
</div><!--latest-->
<div class="comcount">
<?php comments_popup_link('0 Comments', '1 Comment', '% Comments'); ?>
</div><!--comcount-->
<br clear="all" />
</div><!--info-->
<h2><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>"><?php the_title(); ?></a></h2>
<div class="content"><?php the_content_rss('', TRUE, '', 40); ?><a href="<?php the_permalink() ?>" rel="bookmark" title="Permanent Link to <?php the_title(); ?>" class="readmore">Read More</a></div>
<div class="meta">
<div class="tags"><?php the_tags('', ', ', '<br />'); ?></div>
<div class="cats"><?php the_category(', ') ?></div>
</div><!--meta-->
</div><!--post-->
<div class="recentbottom"><!-- --></div>
<?php endwhile; ?>
<div class="alignleft"><?php next_posts_link('Older Entries') ?></div>
<div class="alignright"><?php previous_posts_link('Newer Entries') ?></div>
<br clear="all" />
<?php else : ?>
<?php endif; ?>
</div><!--entry-->
If you want, there is a little screenshot here.