Arthur L. Carter, 93, Dies; Investment Banker Founded a Cheeky Newspaper

The New York TimesSunday, December 14, 2025 at 11:00:58 PM
Arthur L. Carter, 93, Dies; Investment Banker Founded a Cheeky Newspaper
  • Arthur L. Carter, a prominent investment banker who founded The New York Observer and purchased The Nation magazine, has passed away at the age of 93. Known for his influence in journalism, Carter established The Observer in 1987, which became recognized for its unique take on Manhattan's social scene, as noted by media critic David Carr.
  • Carter's contributions to journalism, particularly through The New York Observer, have left a lasting impact on the field, shaping contemporary reporting with its blend of social observation and critique. His legacy continues to influence how media engages with culture and society.
— via World Pulse Now AI Editorial System

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He Built a Brokerage Giant With Sandy Weill and Then Started the NY Observer
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Arthur L. Carter, a notable figure in investment banking and media, passed away at the age of 93. He was instrumental in building a brokerage giant alongside Sandy Weill and founded The New York Observer in 1987, which gained recognition for its unique editorial voice.

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