October 29, 2026
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Arthur L. Carter, 93, Dies; Investment Banker Founded a Cheeky Newspaper (Soban News)

After making a fortune on Wall Street, he bought The Nation magazine and founded The New York Observer, which one writer called a “maypole of Manhattan gossip and intrigue.”​After making a fortune on Wall Street, he bought The Nation magazine and founded The New York Observer, which one writer called a “maypole of Manhattan gossip and intrigue.” ​NYT > Business [ SOBAN NEWS: International and National ]

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