You know what people do not want to be photographed doing right now? Taking in a polo match while they sip on expensive champagne. Veuve Cliquot is sponsoring the second annual Manhattan Polo Classic this Saturday on Governors Island. The problem?

Staff favorite Tom McGeveran has been named the *interim* successor to departing New York Observer editor Peter Kaplan. Hopefully the paper lasts long enough for him to become the full-time successor.

Stereotypical rich boy Jared Kushner is helping needy college kids get loans! Harvard kids only.

Vanity Fair asked that pressing question, and they all want to GIVE BACK and BE CREATIVE ARTISTS, even though artists are all leeches, obv.

$3.2 million apartment-owner Jared Kushner has fired the New York Observer's cleaning lady. Too expensive.

• Arthur Sulzberger Jr. says he has no plans to take the New York Times Co. private, despite "brutal conditions" that threaten his paper's survival. [NYT]
• Meanwhile, Moody's has downgraded the NYT Co.'s credit rating. [E&P]
• A few theories on why Peter Kaplan departed Jared Kushner's Observer, and what's in store for Kaplan—and the paper—in the future. [WWD]
• Former Facebook exec Owen Van Natta is the new CEO of MySpace. [WSJ]
• Is GE looking to sell NBC Universal to Time Warner? It's possible! [TDB]
• Ambushing the ambusher: Staking out the home of Jesse Watters, the Fox News producer who stalks liberals for Bill O'Reilly. [Gawker]

Longtime New York Observer editor Peter Kaplan is leaving the paper to, okay, "spend more time with the family," but why did he really quit? Perhaps...he'd had enough of rich young NYO owner Jared Kushner?

• Chris DeWolfe is out as the CEO of News Corp.-owned MySpace. [CNN]
• More on Peter Kaplan's split from Jared Kushner's Observer, and the rumor Kaplan is now heading to Condé Nast Traveler. [NYT, WWD, DHD]
• ABC has renewed 12 series, including Dancing with the Stars, The Bachelor, Grey's Anatomy, and Desperate Housewives. [THR]
• Viacom, the parent company BET, is planning to start up a new cable TV channel for middle-aged African-Americans. [NYT]
• Barry Diller is looking to shed his email newsletter Very Short List. Bob Pittman and Jared Kushner have taken a look; co-founders Kurt Andersen and Michael Jackson are considering a management buyout. [NYP]
• The New York Times Co. foundation is suspending its grants and no longer matching employees' charitable donations. [Gawker]

It's as impossible to imagine the New York Observer without Peter Kaplan as it is to imagine him without a paper to edit. As he told Gawker, "I love my paper and my staff desperately."

Peter Kaplan, the Observer's long-running editor-in-chief, is stepping down effective June 1. "I wanted to take care of my family," he said, adding that "his next dream job is to get on the frontlines to figure how to save journalism." [DHD, Gawker, NYO]

Graydon Carter, Robert De Niro, and Ron Perelman hosted a Vanity Fair-sponsored dinner at the State Supreme Court House last night to celebrate the opening of the Tribeca Film Festival. They were joined by Carter and De Niro's wives (Anna Scott Carter and Grace Hightower) and Tribeca Film Fest co-founders Craig Hatkoff and Jane Rosenthal, as well as a long list of guests, including Bono and Ali Hewson, Kanye West, Diane von Furstenberg, Jared Kushner and Ivanka Trump, Tory Burch and Lyor Cohen, André Leon Talley, Fran Lebowitz, Spike Lee ... (continued)

New York Observer owner and boy wonder Jared Kushner just bought a ("sexy") new $3.2 million apartment. In other news, we hear he'd like out of that paper. If only.

Jared Kushner has a new apartment where he'll soon be spending quiet evenings in the company of Ivanka Trump: The real estate scion and Observer publisher has paid $3.225 million for a two-bedroom, seventh-floor condo at 21 Astor Place. Described by the listing agent as a "sexy apartment," the duplex condo loft comes with two bedrooms, a home office, 2.5 baths, and "elaborate designer staircase." It looks like Kushner got a discount, too. The apartment had been listed at $3.5 million. Floorplan after the jump!

Today's gossip is depressing, sorry: Robin Williams will go under the knife, Rihanna's friends are processing her Chris Brown decision and Michael Wolff is supposedly trying to kick out his mother in law.

• President Obama's first Congressional address drew in 33.6 million viewers last night, according to preliminary figures from Nielsen. [ML]
• It was Chris Matthews who muttered "Oh, God" on MSNBC last night, right when Bobby Jindal was about to deliver the Republican response. [Politico]
• Fourth-quarter profit declined 77 percent at the Washington Post Co. [NYT]
• Remember the DABA Girls? Yea, well, much of what they told the Times was BS, which is why the paper issued a correction today. [Newsweek, NYT]
• The CW has renewed a bunch of shows, including 90210, Smallville, America's Next Top Model, and—most importantly—Gossip Girl. [Variety]
• Ex-Domino editor Deborah Needleman is "spending more time at the gym" in order to acquire "one of those Connecticut-housewife bodies," FYI. [MM]
• Jared Kushner may be cutting a deal to sell the Observer at Starbucks. [NYP]

Is Jared Kushner's family real estate business having trouble subsidizing the cash-bleeding New York Observer? Maybe: Editors told one writer about orders to delay freelancer payments.

• Arthur Sulzberger Jr. and his new girlfriend, Helen May, first met during an Outward Bound trip to Machu Picchu in 2005, according to May's husband, Kevin Ward. "I'm just sorry my wife didn't find someone more substantial. There's way less there than meets the eye." [P6]
• Etta James says she "didn't really mean" the stuff about Beyonce; she's still "miffed" at Obama for not inviting her to the inauguration. [NYDN]
• Kelly Cutrone inked a deal with Bravo for a new reality show. [P6]
• Russell Simmons is reportedly dating model Julie Henderson. [NYDN]

Ivanka Trump and Jared Kushner mixed well with the gay former mayor of New Jersey, while a Variety movie reviewer had a much harder time stomaching interaction with the real-life "Dude" from The Big Lebowski.

• Hope you're ready to go through it all over again: Sarah Jessica Parker, Kim Cattrall, Cynthia Nixon, and Kristin Davis have all agreed to participate in a Sex and the City movie sequel. [Us]
• Graydon Carter should really consider writing a nutrition cookbook: It seems Madonna's secret to eternal youth is the salmon with lentils at the Waverly Inn. [L&S]
• Still more drama from the inaugural festivities in DC earlier this week: Chris Matthews got pissed about having to wait on line, Sharon Stone was annoyed she had to co-host a segment on CNN with D.L. Hughley, and Halle Berry went into panic mode after her dress got caught in an escalator. [P6]
• Gwyneth Paltrow was spotted on a flight doing yoga in the aisle recently. Is this becoming a trend? [Star]
• Charges against Mathias Guerrand-Hermès have been dropped. [NYDN]

Richard Johnson and Jason Binn celebrated their birthdays with a joint bash at Da Silvano on Monday night, where they were joined by their wives, Sessa von Richthofen and Haley Binn, along with guests like Donny Deutsch, Jared Kushner, Brooke Shields and Chris Henchy, Silvano and Marisa Marchetto, Ann Dexter-Jones, Lauren and Charlie Walk, Daniel Benedict, Jane and Richie Notar, Jerry Della Femina and Judy Licht, Beth Ostrosky, Amy Nederlander, Alina Cho, jewelry exec Benny Shabtai, Sharon Dorram, film producer Meryl Poster, and Gigi Stone of ABC News. [PMc, GoaG]