The New York Times Company (NYSE:NYT) may seek acquisitions. Mark Thompson, the President and Chief Execuitve Officer of New York Times said in a telecom conference, “We're not going to rule out tuck-in acquisitions that fit with the strategy. But we want to focus on extending and developing the brand. And we want to be in businesses which are either fully inside the news offering, or adjacent to the news offering, certainly over this next period.”

The New York Times Company reported consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company’s total revenues were $465,933,000 against $475,432,000 a year ago. Operating profit was $22,870,000 against $12,620,000 a year ago. Income from continuing operations before income tax was $5,856,000 against $10,087,000 a year ago. Income from continuing operations was $2,889,000 against $8,686,000 a year ago. Net income attributable to company common stockholders was $3,138,000 against $42,130,000 a year ago. Net income from continuing operations attributable to company common stockholders was $3,138,000 against $8,739,000 a year ago. Basic and diluted net income per share from continuing operations attributable to company common stockholders was $0.02 against $0.06 a year ago. Basic and diluted net income per share was $0.02 against $0.28 a year ago. Capital expenditures totaled approximately $4 million in the first quarter of 2013. The company’s total revenues decreased 2%, as ongoing weakness in advertising Revenue was largely, but not entirely, offset by continued growth in circulation revenues. Operating profit was up 3%, largely due to the strength in the company’s consumer revenue stream, coupled with tightly managed costs. For the second quarter of 2013, the company expects total circulation revenues are to increase in the mid-single digits compared with the same period in 2012. Total advertising revenue trends are expected to be somewhat better than the level experienced in the first quarter of 2013. For the year 2013, the company expects depreciation and amortization expense to be in the range of $90 to $95 million; interest expense, net to be in the range of $55 to $60 million, and capital expenditures of $40 million. For the quarter, the company reported $4.9 million ($2.9 million after tax or $0.02 per share) non-cash charge for a write-down of certain investments.

Two groups including Jack Griffin, working with two members of the Taylor family, and another group including Heb Ryan and Rick Daniels submitted bids to acquire Globe Newspaper Company, Inc. from The New York Times Company (NYSE:NYT) on April 18, 2013, several people briefed on the offers said. Other investors including James Stone has also indicated he would consider partnering with a group. He said in a statement sent to some Globe executives concerning his potential interest, "I might be willing to invest some money from personal funds to support a bid led by a responsible set of potential owners. The Globe is a Boston treasure. A free, thriving, and vibrant press is essential to a democracy and a healthy community." Stone said he would view investing with a buyer as a community service.