AMI Doesn’t Want to Buy the Observer

No thank you.

Anyone looking to buy a newspaper (well, now it’s just a website) should probably get in touch with Jared Kushner, who is rumored to be looking to ditch The Observer.

According to WWD, Kushner—who bought The Observer in 2006 for $10 million—has been “quietly shopping” the paper to potential buyers, including American Media Inc (AMI). That, however, appears to news to AMI.

“There are absolutely no discussions regarding an acquisition of the Observer,” an AMI spokesperson told Politico.

It wouldn’t be surprising if Kushner is trying to sell the paper. After all, papers are expensive to own and—more importantly—his moronic dad-in-law is our president-elect. Kushner likely wants a role at the White House, and you better believer Donald Trump will give him one.

Publish date: December 22, 2016 © 2020 Adweek, LLC. - All Rights Reserved and NOT FOR REPRINT