Fisher Communications Considers Putting Itself Up For Sale - Exit 133

Given how much we?ve been talking about Fisher Communications lately, we thought we?d share this:

Jan 10, 2013 (Marketwire via COMTEX) ?Fisher Communications, Inc. (NASDAQ: FSCI) announced today that its Board of Directors has decided to explore and evaluate potential strategic alternatives intended to enhance shareholder value, which could result in, among other things, a possible sale of the Company. The Company has retained Moelis & Company as its financial advisor and White & Case LLP and Perkins Coie LLP as its legal counsel.

The Company has not made a decision to pursue any specific strategic transaction or any other strategic alternative, and there is no set timetable for the strategic review process. There can be no assurance that the exploration of strategic alternatives will result in the consummation of any transaction. The Company does not intend to comment further regarding the evaluation of strategic alternatives until such time as the Board has determined the outcome of the process or otherwise has deemed that disclosure is appropriate.

Due to the Board?s decision to explore and evaluate strategic alternatives, the Company will delay the date of its 2013 annual meeting of shareholders (the ?Annual Meeting?) to a date that is not earlier than June 9, 2013. As a result, in accordance with the Company?s Amended Bylaws, nominations by shareholders for the election of Company directors at the Annual Meeting, and notice of other proper business, will be due on the later of: (i) the 90th day prior to the Annual Meeting, or (ii) the tenth day following the day on which the notice of the date of the Annual Meeting was mailed to shareholders or such public disclosure was made.

About Fisher Communications, Inc.
Fisher Communications, Inc. is a Seattle-based communications company that owns and operates 13 full power television stations, 7 low power television stations, 3 owned radio stations and one managed radio station in the Western United States. The Company also owns and operates Fisher Interactive Network, its online division (including over 120 online sites), and Fisher Pathways, a satellite and fiber transmission provider. For more information about Fisher Communications, Inc., go to www.fsci.com.

Also, this from the Wall Street Journal online:

Fisher Communications rallied 16% after the company said it was exploring ways to enhance shareholder value, including the possible sale of the company.

Hm.

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Source: http://www.exit133.com/7338/fisher-communications-considers-putting-itself-up-for-sale

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