Rich guy owner Arthur Carter has shopped his pink weekly, which caters to the chattering classes of New York City, for a while now, but none of those that nibbled stirred the kind of excitement that DeNiro and his crew did. Talks between the two were breathlessly reported by the city press as near a done deal as it could be, and visions of Tribeca Film Festival sponsor American Express rolling out pink full-page ads no doubt filled Observer heads.
But alas, it's not to be.
"We were approached by the New York Observer to take a look at acquiring a majority interest in the publication. We were very excited by the strategic possibilities and were hopeful to make a deal. Unfortunately, we could not come to mutually acceptable terms. The New York Observer is a terrific publication and we wish Arthur Carter and Peter Kaplan the best of luck and hope they can continue the fine tradition of the paper," Craig Hatkoff, co-founder of Tribeca Enterprises said in a statement today.