It is according to every other source I have seen on this.
... That probably is just bad journalism (which usually happens when non-tech journalists try to come across as very informed when writing/presenting more technical stuff and they dont have the time or inclination to research it further).
And they made absolutely no mention of the fact that the websites you visit would need to be captured and the data sent to you changed by the ISP to deliver the ads. They didnt make it sound any more invasive or noxious than the standard ads on the internet.