"The one thing I've learned this year is that there is a real business here."

--Time Inc CEO Anne Moore, explaining in the WSJ that Time's decision to invest heavily in CNN.com, People, SI.com and a few other sites doesn't mean they're too late to the (advertising--and eyeballs)game to succeed.

(Susan sez: Now that ad revenue--and tv-like video--are both moving to the web, Time Inc can step up its content and snag those dollars, but I bet they will end up doing far more syndication of content--and revenue sharing--than they ever anticipated--Or, in other words, will these sites ever again be strong destination for folks under 30--or will their content distribution be the profit center?)