Tuesday, January 8, 2008

Los Alamos and Las Vegas

Landmark Communications of Norfolk, Va., announced January 3 that it is exploring the sale of the company's businesses. The Weather Channel is the big one and that potential sale is one of those big business items not relevant to New Mexico. However, relevance comes in the petty cash department. Landmark owns two New Mexico community newspapers, the Los Alamos Monitor and the Las Vegas Optic. While either paper certainly would fetch in the tens of millions, opportunity knocks. Landmark has hired JPMorgan and Lehman Bros. to help them think about things.

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