Despite all the horrendous stories of newspaper layoffs, near bankruptcies, and even "bailout plans for journalists," there's some silver lining in the media world: blogging is blooming into a profitable financial and publishing enterprise for at least a few. The Huffington Post, which had 4.5 million unique visitors in September, just landed $25 million of new funding. It plans focused acquisitions, and currently has a valuation of $100 million. TPM Media, founded by Talking Points Memo blogger Josh Marshall, which has about a dozen employees, is hoping to expand in 2009 through micro-targeted advertising.And despite the decline of traditional...

