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Items Tagged With: “Fisher Communications”
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Fisher "self-disclosed" problems with a 2007 contest, which helps with the FCC
Fisher Communications' own internal audit turned up a case of a former promotion department employee manipulating the outcome of the "Secret Listener Salute" contest on KVI, Seattle (570). It went to the local police, and also contacted the FCC.
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Radio revenue down 3% for Fisher's first quarter, due to discontinued JSA
The discontinued joint sales agreement was with classical KING-FM (98.1), which last year converted to non-commercial operation. Fisher's small radio division is basically its Seattle radio cluster, and it says that despite the lower topline results, its cash flow and cash flow margins at radio both improved.
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Hedge-fund executive David Lorber resigns from the board at Fisher
FrontFour Capital's David Lorber led last year’s battle with the management at Fisher Communications, trying to get his four nominees elected to the board. He wound up with two, which wasn't enough for control.
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Seattle-based Fisher reports Q4 radio revenue down 18% to $5.5 million
Despite the dip in topline revenue, Fisher Communications reports improved profitability from its Seattle radio operations. Cash flow was up $82,500 to $1.4 million. Read More
Day 2 Arbitron PPMs: all-news WTOP, Washington back to #1
Hubbard Radio's WTOP (103.5 and simulcast frequencies) is just barely #1 (6.7–7.4). American University's non-com news/talk WAMU spikes 5.3 to 7.3, with age 6+ AQH shares. Read More
Fisher Communications closes on the sale of its Seattle home, Fisher Plaza
Fisher Plaza in Seattle was sold to Hines Global REIT, Inc. for $160 million in cash.
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Seattle's "Smart Talk" KVI-AM announces new lineup
The countdown clock on now-all-Christmas KVI-AM (570) in Seattle continues with 22 days as of Friday, and they have announced the talk hosts who take over when the holiday music is packed away. Starting January 3, the new "Smart Talk" lineup will include KOMO-TV's Elisa Jaffe with Mark Christopher as hosts of "Sunrise Seattle." The morning show wil… Read More
Fisher's KVI, Seattle (570) to debut "Smart Talk", after Christmas
The Seattle Board of Radio-Info.com has this email to clients:"Beginning January 3, 2012, KVI Greatest Hits will flip to talk radio, called Smart Talk 570 KVI. The positioning will be 'Smart Talk for a Sound Life', featuring lifestyle, health, local and entertainment news. Read More
Seattle's KVI (570) may be turning back toward talk
From today's TRI Newsletter: The 0.3-share KVI may drop oldies for a different flavor of talk, though not the conservative slant that it pioneered in the early 1990s. It was arguably the first major-market station to go conservative talk, 24/7. Read More
After 3+ years, Fisher Communications sells Fisher Plaza in Seattle
Price, according to the Seattle Times: $160 million. Fisher CEO Colleen Brown said on her latest quarterly call that progress was being made on a process that began in 2008, but then stalled along with the economy.
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Fisher Communications' Q3: Radio down 14%, but there was a reason
Since last year, Fisher ended its Joint Sales Agreement with classical KING-FM (98.1), with that station converting to non-commercial status. That affected the topline, with radio revenue falling 14% to $5.3 million.
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Radio stocks follow along with Wall Street's massive selloff
On a day when stocks sold off worldwide and the Dow Jones Industrial Average plunged over 500 points at one point and eventually closed down 390 points, radio stocks felt the pressure. However, one radio stock was actually one of of the biggest overall Dow gainers of the day.
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Fisher Communications' proxy fight cost it $1.6 million in the first half of '11
Seattle-based Fisher battled FrontFour Capital to a draw, with each side winning two board seats in the recent election. Now it counts up the costs, which CEO Colleen Brown says were $1.6 million for the first two quarters.Looking just at radio, revenues were down 5% to $5.7 million, but cash flow increased $654,000 to $1.7 million.
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Fisher calculates that the recent proxy fight cost it $1.4 million
Unhappy shareholder FrontFour Capital was pushing Seattle-based Fisher Communications to take some decisive action, though its argument varied between selling the company and complaining that Fisher had overpaid for some acquisitions. The Seattle Times has CEO Colleen Brown's estimate of the eventual cost of the fight: $1.4 million, for a company t…
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Seattle-based Fisher finally sells its cluster in Great Falls, MT
The buyer is Howard Doss-run STARadio, which was previously active in the Great Falls market from 1988 until it sold in 2001. Fisher Communications began a selloff of its Fisher Regional group in 2006 and was mostly successful.
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Fisher Communications elects Paul A. Bible as non-executive Chairman
An attorney who formerly served in the Judge Advocate General's Corps of the U.S. Army, Paul Bible currently serves as a non-director member of the independent governance committee of AMERCO, the publicly-traded parent company of U-Haul International.
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Fisher management and dissident shareholder FrontFour each elect two directors
Bottom line: FrontFour Capital wasn't able to take over what will be a nine-member board, adding its own slate of four nominees to current Fisher board member David Lorber. But it was successful in getting enough shareholder support to put Joseph Troy on as a Class 3 director, with a term to expire in 2014, and Matthew Goldfarb as a Class 1 directo…
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Fisher says neither it nor dissident FrontFour elected a full slate
Hedge fund FrontFour Capital led an effort to seat four members on what will be a nine-person board at Fisher Communications. Fisher says the count from last week's vote is continuing, but "it appears that neither party will have elected a full slate of nominees." The slow tally is "due to the application of cumulative voting." The open seats were …
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Fisher Radio revenues dipped 1% in first quarter
Both revenue and cash flow were affected by #1, the re-formatting of Seattle's KVI (570) from conservative talk to oldies, and #2, "the wind-down of the KING-FM Joint Sales Agreement", which is expiring now. Seattle-based Fisher Communications had been handling the ad sales of commercial-classical KING-FM (98.1), which just converted to non-commerc…
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Fisher calls the FrontFour plan their "Quest to Mislead You"
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.
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