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De Niro Passes On Observer Sale

Actor Robert De Niro won't be taking over the weekly The New York Observer after all, writes Keith Kelly in the New York Post. After months of talks and a letter of intent, negotiations between the actor's Tribeca Enterprises and Observer owner Arthur Carter fell apart. "We were approached by The New York Observer to take a look at acquiring a majority interest in the publication," says Craig Hatkoff, a partner with De Niro in the Tribeca Film Festival. "Unfortunately, we could not come to mutually acceptable terms." The Observer is "a terrific publication" and he wished Carter "the best of luck." Though the weekly has never made money, losing $2 million last year, it has launched many writers, including "Sex and the City" columnist Candace Bushnell.

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