Robert De Niro's plan to buy New York Observer didn't go through after all! He has given up on owning a newspaper for now.
It seems the talks between a film-enterprise group headed by De Niro & the owner of the New York Observer have failed & are not expected to be resumed.
Craig Hatkoff, one of the founders of the Tribeca Festival, has confirmed that talks have come to a stop and won't be resumed. He says: "Unfortunately we couldn't come to acceptable terms."

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Robert De Niro to buy New York Observer