Yes, Content.ad will send email notifications to let you know when Content has been Approved or Rejected.
You can also sign up for Daily Campaign Performance Reports.
Go to the Account Settings section of the left rail and select General Info.
Scroll down to the Email Settings area.
Here you can add the email addresses where you would like to receive the Advertiser or Publisher Reports.
Make sure to hit the Update button at the bottom of the page to Save your changes.