King and his wife flank the Trumps

The short hallway between the “Pool Room” and bar acted as a sort of cosmic, generational media portal last night at the Four Seasons, where a pair of cocktail parties — one celebrating Larry King‘s 50 years in broadcasting (a.k.a the “old people room”), the other celebrating the New York Observer‘s redesigned paper and Web site (a.k.a the “kids room”) — were in full, boozy, media-centric swing.

In the “Old People Room”: King and his television and famous New York pals, like Joan Rivers, Donald and Melania Trump, the View‘s Barbara Walters (at one point Trump and Walters were just feet from each other, but didn’t appear to acknowledge each other) and Joy Behar, Campbell Brown, Mario Cuomo, Lou Dobbs, Phil Donahue and Marlo Thomas, Tina Brown, Jeff Greenfield, Ron Howard, Time Inc. managing editor Jim Kelly, Keith Kelly, Ray Kelly, Oprah B.F.F. Gayle King, Calvin Klein, Time Warner chief Dick Parsons, Sandra Bernhard, Jerry Stiller, Arliss actor Robert Wuhl, Mort Zuckerman, American Morning‘s newly-installed Kiran Chetry, Glenn Beck, Montel Williams, James Carville, Tom Wolfe, Andy Rooney and artist Peter Max, whose colorful rendering of King served as the room’s centerpiece.

In the “Kids Room”: 23-year-old Observer owner Jared Kushner held court with twentysomething bloggers and their youthful bosses, like Gawker’s Choire Sicha, Radar‘s Jeff Bercovici and Maer Roshan, Page Six‘s Corynne Steindler, Slate‘s Jacob Weisberg, Domino‘s Deborah Needleman, WWD‘s Irin Carmon, and HuffPo’s Julia Allison, Katharine Thomson and Rachel Sklar. Fittingly, Trump’s daughter, Ivanka, chose the Observer party over King’s.

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