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The Guardian - UK
The Guardian - UK
Business
Roy Greenslade

Property deal funds for New York paper

One of the biggest property deals in New York history was used by developer Charles Kushner to funnel more than $5m (£3.4m) into the New York Observer, the loss-making newspaper run by his son Jared, according to a lawsuit claiming a "wrongful diversion" of monies. The Observer, a weekly with a relatively small circulation, is widely read in media, political and real estate circles. (Via New Jersey Star-Ledger)

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