In the wake the announcement of the sale of its television station group, the New York Times Company announces the acquisition of another website to accompany its earlier purchase of About.com. From Crain's New York Business: The New York Times Co.'s About.com unit acquired Calorie—Count.com, a site that offers information on nutrition and weight loss, to bolster advertising revenue. NYT Chief Executive Janet Robinson said in a statement that the acquisition would help attract "highly sought" advertising in the health and nutrition categories. The article goes on to report third quarter operating profit at About.com, which are is very healthy return on sales: $7.3 million on sales of revenue of $19.4 million, almost 38%. It is entirely unclear what costs are not included as operating expenses, but even so, the margins are probably comparable to or better than the margins on the television station group. From a cash flow perspective, the television stations, which need...(Read Full Post)