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He's not carrying any of the old sacks of dead weight experience that a lot of publishers carry with them.

New York Observer editor Peter Kaplan, admirably spinning his 25-year-old new boss Jared Kushner's lack of media expertise. Fortunately, Kushner does have lots of old sacks of dead weight family cash to compensate.

New owner plans big profits for NY Observer [Crain's]

[Photo: Getty Images]