Connect with us

Hi, what are you looking for?

Jewish Business News


Is Jared Kushner’s New York Observer For Sale?

800px-Jared_Kushner FRONT


Conflicting reports surfaced over the last few days as to whether or not Jared Kushner is looking to sell his paper The New York Observer. The Observer is owned by Observer Media Group which could be on the market.

Observer chief executive Joseph Meyer, Kushner’s brother-in-law, told Women’s Wear Daily, “As one of the fastest-growing businesses in all of digital media, we are constantly being approached by potential investors and partners.” But the New York Post is reporting that Kushner is denying that the Observer is for sale.

Now that the soon to be first son-in-law and his wife Ivanka Trump are confirmed to be future members of the Trump White House team, the two have been looking to move to Washington. They are also expected to pull back from certain business interests in order to avoid conflicts of interest. In the case of owning a publication or news organization as Jared Kushner does, the conflicts are obvious.

But there may be a different motivation for Kushner selling the Observer. Its has suffered financially and recently ended its print edition. It is now solely an on line publication.

So how much is it worth? Well no one knows for sure, but Jared Kushner paid $10 million for it in 2006.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The contract signed between the Israeli government and Pfizer shows clearly and unequivocally that this is a clinical study on humans - The agreement...


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...


Now Platika joins and elite club of $10 billion plus Israeli firms.