The New York Observer to Post a Profit for the First Time

The New York Observer Media Group, which at one time was rumored to be losing about $5 million a year, is expecting a profit this year. Christopher Barnes, the Observer Media Group’s President, told the New York Post, “We’re expecting a small profit in 2011 and a more substantial one in 2012.”

Apparently the first ever journey into the black is all thanks to the digital push that was ushered in by Jared Kushner, and then mastered by Elizabeth Spiers, the Editor-in-Chief of the New York Observer.