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Print media's dilettantes; Publication buyers' inexperience leaves them shy on title insurance.(News)
Crain's New York Business, August, 2006 by Flamm, Matthew
Byline: Matthew Flamm The wheels may be coming off the old media wagon, but new players are still climbing over each other to get into the driver's seat. Nobody in the latest group of deep-pocketed newcomers has media experience. One of them, Jared Kushner, looks barely old enough to order a drink.
His limited life history didn't stop the 25-year-old New York University law student and real estate scion from plunking down a reported $10 million for The New York Observer two weeks ago. With advertisers and readers fleeing to the Web, where print knowledge provides no edge, some experts say the shorter the resume, the better. "Media experience is deadly these days,'' says Observer editor Peter Kaplan. Newspapers and magazines have always attracted...
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