The New York Observer’s parent company today announced its launching a new newspaper.
Yes, it’ll be in print.
It’s a real estate trade paper called The Commercial Observer, and according to a press release, it will “provide news exclusives, interviews, features and in-depth analyses and be delivered to approximately 10,000 commercial real estate insiders and members of REBNY (Real Estate Board of New York).”
But then 28-year-old Observer Media Group owner and publisher Jared Kushner — heir to real estate mogul Charles Kushner — is used to such risky moves, having purchased the Observer for $10 million back in 2006.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.