Jared Kushner Hopes To Sell New York Observer

By Reuters December 21, 2016

President-elect Donald Trump’s son-in-law, Jared Kushner, is looking to sell his newspaper, The New York Observer, the trade newspaper Women’s Wear Daily reported on Wednesday.

It was unclear how much Kushner hopes to get in a sale. Kushner bought the newspaper for $10 million in 2006, according to reports at the time.

One possible suitor could be American Media Inc, owner of the National Enquirer, according to Women’s Wear Daily.

Kushner may be selling the Observer to focus on his political career, according to the report. His wife, Ivanka Trump, is the president-elect’s eldest daughter. Both he and his wife advised Trump during his successful presidential campaign.

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