The Financial Times is in talks to buy companies that strengthen its digital subscription business as the newspaper capitalizes on greater financial support from its new owner, Japan's Nikkei Inc., FT Chief Executive Officer John Ridding said.
The publisher is hunting for companies that can "support and accelerate our growth in quality content and, in particular, are based on digital subscriptions," Ridding said in an interview in New York. The company is also interested in technology firms that bolster its data analytics — valuable for targeting readers with advertising and subscriber offers, he said.
"We have a number of opportunities in the acquisition zone on the radar," Ridding said. The newspaper declined comment on which companies it was talking with. "There are some irons in the fire."