Seeking Digital Growth, New York Times Eyes First Acquisitions in Three Years

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The Times Co. is interested in deals for technology or information companies to bolster digital growth, according to CEO Janet Robinson. The company has been paying down debt and reducing costs, giving it the financial flexibility to strike deals, she said.

"We are in a position to invest organically or inorganically," Ms. Robinson said in an interview at Bloomberg headquarters in New York. She declined to name any businesses the company may consider buying.

The Times Co. has been struggling with a slide in traditional print revenue that has led to annual sales declines every year since 2006. The company introduced an online paid subscription model at The New York Times in March, helping bolster advertising and lift digital subscriptions to 324,000 at the end of September.