The NY Times has been something of a leader with their online division over the years. While not all of the decisions they've made have been smart, they've always tried to be at the forefront of figuring out how an online news organization should work. While the division is often described as profitable, that's really mostly been because certain high-revenue deals with companies like Lexis Nexis that pre-dated the web were lumped into the online division. It also didn't hurt that much of the "content" is developed by the paper side of the company. Of course, that leads to the obvious question of why the two sides are separate divisions? Apparently the folks at the NY Times were wondering that as well, and the two sides will be merged into one group by 2007. If anything, it's surprising that it took this long.
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