So says an article in today's New York Times:

The New York Observer is in discussions over its possible sale to Jared Kushner, the 25-year-old son of Charles B. Kushner, the wealthy New Jersey real estate developer, according to Howard Rubenstein, the publicist.

Charles Kushner went to prison last year after admitting to witness-tampering and illegal campaign contributions.

"They're in discussions, but a deal has not been concluded," said Mr. Rubenstein, who has represented the father's company, Kushner Companies, and is representing the son in these negotiations.

Jared Kushner, a Harvard grad, is set to graduate from both NYU law and business school next year.

Developer's Son Negotiating to Buy New York Observer [NYT]