Seattle-based Fisher says in a release that it's hired a firm to "explore alternatives for maximizing the value of Fisher Plaza, its mixed-use facility located near downtown Seattle, which may include a potential financing or sale transaction." Fisher plans to use any possible proceeds of a sale or lease to "redeem the Company's outstanding 8 5/8% Senior Notes or repurchase common stock." This news comes just 6 weeks from the expected May 11 showdown between Fisher and FrontFour Capital. FrontFour is expected to nominate its own slate of officers in an attempt to take over the Fisher Board, and then presumably put the company up for sale. Currently, FrontFour Capital Group's David Lorber is the sole FrontFour supporter on the Fisher board. If four others join him, they would have a majority position and could steer Fisher toward a sale of the radio/TV company.

The Seattle-Tacoma Board of Radio-Info.com has been talking about Fisher's strategic position, on this thread.