He's Got 99 Problems and the 'Observer' Budget Is One

As a sign of solidarity with Hova, new Observer owner Jared Kushner has released the following statement:

"It has come to my attention that the managing director of Cristal, Frederic Rouzaud views the 'hip-hop' culture as 'unwelcome attention,'" said the 25-year-old. "I view his comments as racist and will no longer support any of his products through any of my various brands including the Observer nor in my personal life."

Kushner plans to replace Cristal — which an Observer spokesman said the paper could never stock enough of — with Krug and Dom Perignon.

Jay-Z Launches Cristal Bubbly Boycot [AP]

Earlier: Gawker's Coverage of Hot Jared Kushner

Photo taken from those halcyon days when Kushner's father was trying to buy the Nets with Jay-Z.