Fisher_Communications

Fisher Communications

Fisher Communications

Defunct American media company


Fisher Communications was a media company in the United States. Based in Seattle, Washington, the company primarily owned a number of radio and television stations in the Western United States. It was the last company in the Seattle area to own a local TV station before being acquired by Sinclair Broadcast Group. Fisher was acquired the same year KOMO-TV's competitor KING-TV's owner, Belo, was acquired by the Gannett Company.

Quick Facts Company type, Traded as ...
Before they were in broadcasting, the Fisher fortune rested on the Fisher Flour Mill on Seattle's Harbor Island, founded 1910.
Fisher Plaza, the company's headquarters.

History

See also KNWN (AM)

Fisher Companies, Inc.'s Fisher Communications by 1998 owned 25 radio stations and 2 TV stations. Fisher Companies also owned a flour milling and food distribution company and real estate development subsidiary.[2]

In 1999 Retlaw Enterprises (a company owned by the relatives of Walt Disney) sold its remaining 11 television stations to Fisher Communications, including all of the related assets to those properties[3] for $215 million in cash.[2] Its broadcasting unit, until the 2000s, was Fisher Broadcasting. Also that year, Fisher is launching its own entertainment division, Fisher Entertainment, to be headed by Alan Winters, a syndication executive.[4]

Fisher began to sell many of its properties in the mid-2000s, including real estate, its longtime flour milling operation, and its stake in Safeco.[5] By 2011, Fisher Communications was down to 10 radio stations.[1] On April 11, 2013, Fisher (which by then owned 20 television stations and only three radio stations) announced that it would be acquired by the Sinclair Broadcast Group.[5] However, the deal was subject to financial scrutiny; the law firm Levi & Korsinsky notified Fisher shareholders with accusations that Fisher's board of directors were breaching fiduciary duties by "failing to adequately shop the Company before agreeing to enter into the transaction", and Sinclair was underpaying for Fisher's stock.[6] Shortly after the announcement, a lawsuit was filed by a Fisher shareholder;[7] the suit was settled in July 2013,[8] on August 6 Fisher's shareholders approved the merger.[9] The FCC granted its approval of the sale of August 7.[10] On August 8, Sinclair announced that the sale was completed.[11]

Final stations

Stations are arranged alphabetically by state and by city of license.

  • (**) - Indicates a station built and signed-on by Fisher.

Radio

More information AM Station, FM Station ...
More information City of license / Market, Station ...
  1. Owned by South Sound Broadcasting and operated by Fisher under an LMA.

Television

More information City of license / Market, Station ...
  1. Semi-satellite of KIMA.
  2. Satellite of KUNP.
  3. Satellite of KVAL.
  4. Satellite of KMTR.
  5. Satellite of KUNW.
  1. Acquired from Retlaw Enterprises.
  2. Operated through an SSA by Gray Television.
  3. Operated through an SSA by News-Press & Gazette Company.
  4. Owned by WatchTV, Inc. and operated by Fisher under an LMA.
  5. Jointly owned by Sinclair (50 percent) and COBI (50 percent).
  6. Owned by Roberts Media, LLC, and operated by Fisher under a SSA.
  7. Operated through an SSA by Sinclair Broadcast Group.

Contract Dispute

On December 17, 2008, Fisher Communications' contract expired with Dish Network. As a result of this contract dispute, stations owned by Fisher Communications were no longer available to Dish Network subscribers. Dish Network claimed that Fisher is asking for over an 80% increase.[13] The Fisher stations that returned to Dish Network are: KOMO and KUNS in Seattle.; KATU and KUNP in Portland.; KIMA in Yakima, Washington.; KVAL in Eugene, Oregon.; KBCI (now KBOI) in Boise, Idaho; KIDK in Idaho Falls, Idaho; and KBAK and KBFX in Bakersfield, California. Dish Network restored the service to their customers at 10:25 p.m. PST on June 10.[14]


References

  1. "Fisher Communications." Company Profile. Hoover's, Inc., 2012. Answers.com July 20, 2012.
  2. Vrana, Debrora (November 19, 1998). "Fisher Cos. Is Expected to Buy Retlaw's 11 TV Stations". Los Angeles Times. Retrieved July 20, 2012.
  3. "8-K For 7/1/99". Fisher Communications Inc. filings. secinfo.com. Retrieved October 20, 2007.
  4. Littleton, Cynthia (March 30, 1999). "Fisher taps Winters". Variety. Retrieved December 4, 2021.
  5. Allison, Melissa (April 11, 2013). "KOMO owner Fisher Communications agrees to sale". The Seattle Times. The Seattle Times Company. Retrieved April 12, 2013.
  6. "Fisher Reaches Settlement In Shareholder Suit". All Access. July 29, 2013. Retrieved August 6, 2013.
  7. "Fisher Shareholders Approve Sale To Sinclair". NetNewsCheck. August 6, 2013. Archived from the original on September 8, 2013. Retrieved August 6, 2013.
  8. "Sinclair Broadcast Group Closes On Fisher Communications Acquisition". All Access. August 8, 2013. Retrieved August 8, 2013.
  9. "Feud Between DISH Network and Fisher Communications Cuts Local Affiliate Stations". nbcrightnow.com. December 29, 2008. Retrieved November 6, 2021.
  10. "KATU, Fisher stations return to DISH Network". KATU News. June 11, 2009. Retrieved November 6, 2021.

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