Web boost for Times

For those who fear traditional media companies are toast because of new media, an interesting report:

Despite seeing a drop in profit of $35 million over all in the first quarter, the New York Times's web-related businesses increased by 72 per cent, compared with the same period last year. They accounted for about $62 million in revenue -- or 7.5% of the company's income. The total included income from internet sites for newspapers and TV stations the company owns, About.com and various digital archives. Excluding About.com, which the Times bought from Primedia last March, web-related business increase 23.9%, taking in about $18 million.