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Friday, May 6, 2011

Fisher calls the FrontFour plan their "Quest to Mislead You"

fisher communications With the annual shareholder meeting set for May 11 and the future of Seattle-based Fisher Communications at stake, the current Fisher board of directors has fired back at Connecticut-based FrontFour Capital and its principal, David Lorber. Fisher appeals to shareholders not to vote in favor of FrontFour's four candidates for the board. Fisher sent an open letter to shareholders on Friday, calling FrontFour's tactics "wholly unsupported accusations" and adding that "Mr. Lorber and FrontFour have demonstrated that they will say and do anything in an attempt to mislead you." Fisher says the FrontFour statement that Fisher is looking to buy more properties is untrue, and that the board has worked to control costs - something Lorber, as a current board member, should know. It notes that Lorber "never voted against any Company operating budget." You can read Fisher's open letter to shareholders here.

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