We’ve been deluged with tips over the last 12 hours that bi-coastal agency KSL Media, shut the doors of all of its offices including the main operations in NY and LA. Perhaps the writing was on the wall as last we heard from KSL, which was just a couple of weeks ago, CEO Hank Cohen and president David Sklaver both left the agency. Calls to the NY office this morning were left with an automated message that “your call cannot be completed as dialed.” Hmm. From what we gather via the tips we’ve received, KSL has declared bankruptcy and from what those on the Spy line say, “all employees terminated with no severance.” KSL was founded over 30 years ago and worked with clients including UGG and Guitar Center during the span. We’ll keep you posted if we find out more.
Update: Yes, sources familiar with the matter tell us that the decision was made yesterday to close their doors.
–Update 2: Here is the Chapter 11 announce that KSL is bankrupt. We’re hearing that certain issues with a higher-up may have had something to do with it. link