Editor, President Out at the 'Observer'

Paper names fifth editor in six years

Talk about a high turnover rate: With Elizabeth Spiers resigning as editor in chief of The New York Observer, the pink broadsheet is on track to appoint its fifth editor since Jared Kushner bought the paper in 2006.

According to a post on the Observer’s website earlier today, Spiers will step down from her editor in chief post at the end of August—about a year and a half after assuming the role in January 2011—to launch her own company.

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