8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

September 26, 2006
Date of Report (Date of earliest event reported)

FISHER COMMUNICATIONS, INC.

(Exact Name of Registrant as Specified in Charter)

Washington	000-22439	91-0222175
(State or Other Jurisdiction of Incorporation)	(Commission File No.)	(IRS Employer Identification No.)

100 Fourth Avenue N., Suite 510, Seattle, Washington 98109
(Address of Principal Executive Offices, including Zip Code)

(206) 404-7000
(Registrant’s Telephone Number, Including Area Code)
(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Items 2.01 and 2.03 Completion of Acquisition and Creation of a Direct Financial Obligation or an Obligation Under an Off Balance Sheet Arrangement of a Registrant

On September 29, 2006 Fisher Communications, Inc. (the “Company”) announced that its wholly-owned subsidiary, Fisher Broadcasting Company (“Fisher”), has completed the purchase of African-American Broadcasting of Bellevue, Inc., licensee of television station KWOG, Bellevue, Washington, for $16 million. Fisher purchased 25% of the outstanding equity on June 26, 2006, and the remaining 75% was purchased on September 26, 2006, following satisfaction of closing conditions including Federal Communications Commission approval.

The purchase was funded with a combination of existing cash and the use of the Company’s $20 million revolving line of credit. As of the date of the filing of this Current Report on Form 8-K, the Company had $13 million outstanding under the line of credit, leaving $7 million available to it under the credit facility.

A press release announcing the purchase is included as Exhibit 99.1 hereto.

Item 9.01 Financial Statements and Exhibits

     (d) Exhibits

          99.1 Press release, dated September 29, 2006.

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SIGNATURE

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FISHER COMMUNICATIONS, INC.
Dated: October 2, 2006	By	/s/ Judith A. Endejan
		Judith A. Endejan
		Senior Vice President
		General Counsel

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Exhibit Index

99.1 Press release, dated September 29, 2006.

EX-99.1

Exhibit 99.1

FOR IMMEDIATE RELEASE

CONTACT: Colleen B. Brown, President & CEO of Fisher Communications, Inc.
(206) 404-6783

FISHER COMMUNICATIONS, INC. ANNOUNCES THE COMPLETION
OF ITS PURCHASE OF SEATTLE TELEVISION STATION KWOG

SEATTLE—(BUSINESS WIRE)—September 29, 2006 — Fisher Communications, Inc. (Nasdaq:FSCI) today announced that its wholly-owned subsidiary, Fisher Broadcasting Company, has completed the purchase of African-American Broadcasting of Bellevue, Inc., licensee of television station KWOG, Bellevue, Washington, for $16 million. Fisher purchased 25% of the company on June 26, 2006, and the remaining 75% was purchased this week following satisfaction of closing conditions including Federal Communications Commission approval.

KWOG currently airs programming from ShopNBC pursuant to a programming agreement with ValueVision Media, Inc. Fisher intends to provide Hispanic programming on KWOG as a Univision affiliate beginning January 1, 2007.

“This is an exciting time for Fisher with the formation of a duopoly in Seattle through the purchase of KWOG. This leverages our existing infrastructure as well as serves the fastest growing population segment in Seattle”, said Colleen B. Brown, Fisher Communication’s President and Chief Executive Officer.

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Fisher Communications, Inc. is a Seattle-based integrated media company. Its eleven network-affiliated television stations, one independent station, and one station 50% owned by Fisher Communications, are located in Washington, Oregon, and Idaho. Its 27 radio stations broadcast in Washington and Montana. It also owns and operates Fisher Plaza, a facility located near downtown Seattle.

This press release includes forward-looking statements. These statements may be identified by the use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “should,” or “will,”

or the negative thereof or other variations thereon or comparable terminology. In particular, statements about the expected sources of financing are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this press release are made only as of the date hereof. We do not undertake any obligation to update any such statements or to publicly announce the results of any revisions to any such statements to reflect future events or developments.