25-Year-Old NYU Law Student: 'I Own the New York Observer'

Jared Kushner, the 25-year-old son of a wealthy New Jersey developer who was sentenced to prison last year, has bought the New York Observer, paying what one person familiar with details of the sale said was nearly $10 million for a majority stake in the weekly newspaper.

Arthur Carter, the current publisher who nearly sold the paper to Robert De Niro‘s Tribeca Film Festival group before the deal broke down, will retain “retaining some interest and will be offering the new owner strategic advice.”

Give