Fisher Explores ‘Strategic Alternatives’

Fisher Communications, Inc. 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.

Due to the Board's decision to explore and evaluate strategic alternatives, the Company announced it will delay the date of its 2013 annual meeting of shareholders to a date that is not earlier than June 9, 2013.

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. Owned-station are in Seattle and include Talk KVI 570 AM, News KOMO 1000 AM and Adults Hits KPLZ-FM 101.5.

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.