Jared Kushner, the President-elect’s influential son-in-law, could be looking for a buyer for The New York Observer, the tabloid he acquired for $10 million a decade ago.
The real estate developer bought The New York Observer in 2006. The weekly put out its final print edition last month and its online home is now called simply The Observer.
Kushner, who is married to Ivanka Trump, daughter of Donald Trump, recently began quietly seeking a buyer, Women’s Wear Daily reported Wednesday, citing persons familiar with the matter. The move comes ahead of a suspected relocation for Ivanka Trump and Kushner to Washington, where both are expected to serve some advisory roles in the incoming administration.
About the report, Observer Media Chairman and CEO Joseph Meyer said in a statement, “While Observer is not for sale, as one of the fastest-growing businesses in all of digital media, we are constantly being approached by potential investors and partners.”
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SOURCE: USA Today, Mike Snider