While it’s true that Time Warner’s (TWX) magazine unit is embattled, there are bright spots in the portfolio. Take People.com: The gossip magazine has always been one of Time’s strongest performers (good luck trying to find a discounted subscription). Now its companion Web site is, too.

The site boasts 8.6 million unique monthly visitors, per comScore (SCOR), up 36 percent in the last year, and generates a staggering 700 million page views per month–per Omniture (OMTR). Meanwhile, once-hot sites like TMZ.com (another Time Warner property) have tailed off.

Much of the credit for that goes to Mark Golin, the awesomely sharp and frumpy editor best known as the man behind Maxim magazine’s rise, way back in the late 1990s. He’s successfully broadened the site beyond just Britney/Paris/Lindsay news by adding features like a game channel, a shopping channel and the like.

One of the most successful expansions came via acquisition: When People.com bought Celebrity Baby Blog back in May, it was generating 6.9 million page views per month. Now it’s doing 30 million, Time execs say. And before my fellow journobloggers dismiss the work that the people at Celebrity Baby Blog do, ask yourself this: Did you know that Ashlee Simpson has named her kid Bronx Mowgli? Aren’t you glad you know now?

In any case, all those page views are translating into actual dollars–not digital pennies, as NBC’s Jeff Zucker would say. Time Inc. says People.com is now one of its 10 most profitable titles–that’s out of all of the company’s 174 properties, on or offline.

The company won’t attach numbers to that claim, of course. But given that Time Inc. generated $162 million in operating profit during a very lousy third quarter, you can get some sense of the property’s success. Now Time just needs many more just like it.

Yesterday, BoomTown was hanging in Hollywood at ContentNext’s EconCeleb’s conference, where I did an onstage interview with legendary editor Bonnie Fuller about the massive impact of the Internet on celebrity journalism.

With its instant ability to deliver news, video and more, sites like TMZ, PerezHilton, The Superficial and Yahoo’s (YHOO) omg! have become massive drivers of traffic on the Internet and–despite the saturation–the arena is still growing fast, especially among women users.

But for those not in the know about Fuller’s impact on how celebrity journalism has developed to its current power, she is the reason–more than any other modern editor–humanity now knows every move made by the unholy trio of Paris, Lindsay and, most of all, Britney.

As founding editor of US Weekly (with stints at Cosmopolitan, Marie Claire and other mags), and as the editorial director of the parent company of Star magazine, Fuller’s various editorial innovations–celebrities are just like us!–are now commonplace.

And like a lot of old media stars, Fuller is now working on her own new celeb-focused digital and media company, which she says is aimed at women 20 to 40 years old, plunging headlong into the Web arena.

Here’s my video interview with her in an alcove of the Roosevelt Hotel on Hollywood Boulevard, where we discuss what she is up to and where online celebrity coverage is going (Britney 24-7!):