Exhibit 10.26

ASSIGNMENT AND ASSUMPTION AGREEMENT

THIS ASSIGNMENT AND ASSUMPTION AGREEMENT (the “ Agreement ”) is entered into as of December 31, 2008 (the “ Effective Date ”), by and between Local Insight Regatta Holdings, Inc., a Delaware corporation (“ Assignor ”), and Local Insight Media Holdings, Inc., a Delaware corporation (“ Assignee ”). Assignor and Assignee are each individually referred to herein as a “ Party ,” and collectively referred to as the “ Parties .”

RECITALS

WHEREAS, Assignor desires to assign to Assignee, and Assignee desires to assume, all Assignor’s rights and obligations under that certain Employment Agreement (the “ Employment Agreement ”) dated as of January 2, 2007, by and between Assignor, as assig