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Mediaite and Abrams Media Network says he’s been talking to a number of potential investors — including Joshua Kushner, the brother of New York Observer owner Jared Kushner — about raising money for the Abrams Media Network. Those talks led to a conversation between Abrams and Jared, reports Dylan Byers.
Sources say those talks have included discussion of a plan that would see the two companies each having a 50 percent share in ownership of the Observer, with Abrams taking control of day-to-day editorial operations at the paper. However, that specific deal seems unlikely to happen.
Kushner tells Gabriel Sherman he’s not looking to reduce his stake in his weekly paper. “The Observer right now is on the best trajectory it’s ever been on,” he says. “Elizabeth [Spiers] has built an excellent team there. Our focus is growing our existing businesses.” || From 2008: Kushner calls the Observer “a hyper-unique product.”