"New York's Small-Town Paper" is an informal nickname, similar to the New York Daily News slogan of "New York's Home Town Paper."
The New York Observer, founded by Arthur L. Carter in 1987, is the weekly newspaper of New York. It is published every Wednesday, and electronically refreshed daily at http://www.observer.com.
The New York Observer
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New York, New York 10010
Toll-free: (800) 542-0420
For Sale: Fabulous Pink Money Pit
Submitted by editor on January 17, 2006 - 2:30pm.
By David Carr
Source: NY Times
Somewhere after their first Rolls and their second estate and before they marry their third wife, men of accomplishment need a hobby. Arthur L. Carter chose newspapers.
A leveraged-buyout pioneer, he left Wall Street at the beginning of the 1980's and began dabbling, buying (and later selling) The Nation and The Litchfield County Times, as well as half of The East Hampton Star. Most notably, though, he christened a little pink newspaper called The New York Observer in 1987, a weekly jewel that chronicled and ridiculed the city's elite.
The weekly is still small, and still pink, but its footprint is vast.
But the go-go real estate dollars that financed the paper waned, and the attacks of Sept. 11, which wounded many publications, were especially crippling for what both Mr. Kaplan and Mr. Carter always called "New York's small-town paper."
Media/Newspapers/Magazines/Internet • (0) Comments • Sunday, February 19, 2006 • Permalink