• RSS Feed

The LinkUp Blog The Industry's Best-Kept Secret

September 16, 2008 / Toby Dayton

The Impact of Lehman’s Collapse On The Employment Guide…

With the announcements from the weekend concerning Merrill Lynch, Lehman Brothers, and now AIG, we are, without a doubt, in the midst of a once-in-a-generation economic maelstrom that could quickly turn into a depression-type crisis if the dominos keep falling. While the ripples (or waves or tsunami) will be felt in virtually every corner of the globe and will impact, to one degree or another, every business in the U.S., the Lehman announcement has particular ramifications for the Employment Guide. Lehman had been managing the sale of the Employment Guide as well as a bundle of daily and weekly newspapers owned by Landmark Communications. With Lehman’s bankruptcy filing, the progress that was made in brokering the sale most likely comes to a halt. Assuming that there isn’t a deal far enough along that can be closed without Lehman at the table, Landmark either has to put the sale on the shelf or start working with another firm. Either way, the current crisis on Wall Street is being particularly hard felt by Landmark and the Employment Guide.