The New York Observer, a weekly newspaper owned by Donald Trump’s son-in-law Jared Kushner, is ceasing production of its print edition. Is this yet another sign of the slow death of print media or is it just one man’s business failure?
The paper was simply not profitable. But its sister publication “Commercial Observer” is and will continue to publish its print edition.
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Joseph Meyer, chairman and chief executive of Observer Media, told staffers, “Effective November 9, 2016, we will no longer offer a print version of the New York Observer, while continuing to make our content available online.”
The Observer’s editor Ben Kurson shared this on his Facebook page: “This has been a week of incredible tumult, for our country, and now for this small business. Who knows what the future holds, for me or for the USA or for Observer. But I can tell you this much for sure. Observer’s future is brighter than it’s ever been.”
https://twitter.com/observer/status/797217398076166145
But fans of the Observer need not worry. It will still be available on line.
Jared Kushner bought The New York Observer in 2006. Its website boasted 5.6 million unique visitors in September.
