As The New York Observer braces for the most radical design overhaul in its 27-year history, employees are chewing on a message from the chief executive of its parent company touting recent successes and future prospects.  

In an internal memo distributed this afternoon and obtained by Capital, Observer Media Group C.E.O. Joseph Meyer wrote that Observer Media Group, which also owns a commercial real estate trade publication, a society magazine and several websites focused on politics, art and tech, "has taken great strides as a business" in the past year.

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