-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, G7De2ya+WsDUJvzVNmXPJBLgsccmnQHLS6smABgfASmFo3O7DM8QMzc3s28UO84E cd+pIUnkZy6Lte0Pay8hNw== 0000950134-07-017309.txt : 20070808 0000950134-07-017309.hdr.sgml : 20070808 20070808123208 ACCESSION NUMBER: 0000950134-07-017309 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070803 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070808 DATE AS OF CHANGE: 20070808 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FISHER COMMUNICATIONS INC CENTRAL INDEX KEY: 0001034669 STANDARD INDUSTRIAL CLASSIFICATION: TELEVISION BROADCASTING STATIONS [4833] IRS NUMBER: 910222175 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22439 FILM NUMBER: 071034500 BUSINESS ADDRESS: STREET 1: 100 FOURTH AVENUE NORTH STREET 2: SUITE 510 CITY: SEATTLE STATE: WA ZIP: 98109-4932 BUSINESS PHONE: 2064047000 MAIL ADDRESS: STREET 1: 100 FOURTH AVENUE NORTH STREET 2: SUITE 510 CITY: SEATTLE STATE: WA ZIP: 98109-4932 FORMER COMPANY: FORMER CONFORMED NAME: FISHER COMPANIES INC DATE OF NAME CHANGE: 19970226 8-K 1 v32765e8vk.htm FORM 8-K e8vk
Table of Contents

 
 
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
August 3, 2007
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   (Commission File No.)   (IRS Employer
of Incorporation)       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))
 
 

 


TABLE OF CONTENTS

Item 1.01 Entry into Material Definitive Agreements
Item 9.01 Financial Statements and Exhibits
SIGNATURE
Exhibit Index
EXHIBIT 99.1


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Item 1.01 Entry into Material Definitive Agreements
     On August 6, 2007, Fisher Communications, Inc. announced that its wholly-owned subsidiary, Fisher Broadcasting Company has entered into a definitive agreement, dated August 3, 2007, to purchase KBAK-TV (CBS affiliate) and KBFX-CA (Fox affiliate), in Bakersfield, California, from Westwind Communications, LLC, for approximately $55 million. The acquisition is subject to regulatory review and other customary closing conditions.
     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 August 6, 2007.

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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: August 8, 2007  By   /s/ S. Mae Fujita Numata    
    S. Mae Fujita Numata   
    Senior Vice President, Chief Financial Officer
and Corporate Secretary
 
 

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Table of Contents

Exhibit Index
99.1   Press release, dated August 6, 2007

 

EX-99.1 2 v32765exv99w1.htm EXHIBIT 99.1 exv99w1
 

EXHIBIT 99.1
(FISHER LOGO)   MEDIA RELEASE
Fisher Communications Agrees to Purchase Two Bakersfield Television Stations
SEATTLE, WA—(BUSINESS WIRE)—August 6, 2007—Fisher Communications, Inc. (Nasdaq: FSCI) announced today that it has entered into a definitive agreement to purchase KBAK-TV (CBS affiliate) and KBFX-CA (Fox affiliate), a unique media duopoly in Bakersfield, from Westwind Communications, LLC, for approximately $55 million. The acquisition is subject to regulatory review and other customary closing conditions.
“We are delighted to enter the Bakersfield market by purchasing two excellent stations that have tremendous potential,” said Colleen B. Brown, president and CEO of Fisher Communications. “At Fisher, our mission is to make each of our communities better by providing outstanding local news and content. We’re committed to bringing viewers of KBAK and KBFX more local news coverage, more in-depth news coverage and increased and enhanced online content. In the coming months, viewers will find compelling reasons to make them their first stop for local news. We look forward to serving the people of Bakersfield.”
Following finalization of the purchase, Fisher intends to expand offerings for both stations. Currently, both share a single Web site; Fisher will support separate sites for each station and enhance both sites with the Company’s industry leading online format which includes such features as its user-generated YouNewsTV™, expanded weather and event coverage, and enhanced sports coverage.
Though KBAK and KBFX are in the same market, on many fronts they complement each other. KBAK is currently ranked #2 in the market and has key syndication programming, including Oprah. KBFX broadcasts the market’s only 10:00 p.m. newscast.
The stations are a good fit within Fisher’s portfolio. The size of the Bakersfield market is similar to current Fisher markets Eugene, Oregon and Yakima, Washington; markets where the Company has shown excellent results.
Wayne Lansche, president of Westwind stated, “We were determined to ensure that the stations remained in the hands of a long-term broadcaster dedicated to continuing and improving upon our 21 year commitment to the market. Fisher’s legacy of innovation and journalistic excellence fully met our criteria.”
About Fisher Communications
Fisher Communications, Inc. is a Seattle-based company, established in 1910, that owns and manages 19 television stations and eight radio stations in the Pacific Northwest. The Company owns and operates Fisher Pathways, a satellite and fiber transmission provider, and Fisher Plaza, a media, telecommunications, and data center facility located near downtown Seattle. More information about Fisher Communications can be found at www.fsci.com.

 


 

###
Forward-looking statement
This release contains forward-looking statements relating to Fisher Communications’ acquisition of television stations KBAK and KBFX that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Factors that could affect Fisher Communications’ actual results include Fisher’s ability to integrate the acquisition of KBAK and KBFX, and the future performance of KBAK and KBFX. A more detailed description of certain factors that could affect actual results include, but are not limited to, those discussed in Fisher Communications’ most recent Annual Report on Form 10-K and quarterly reports on Form 10-Q as filed from time to time with the Securities and Exchange Commission (“SEC”). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Fisher Communications undertakes no obligation to update publicly any forward-looking statements to reflect new information, events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
Contact:
Amina Suchoski
The Fearey Group for
Fisher Communications, Inc.
Phone: (206) 229-0496
Fax: (206) 622-5694
Email: asuchoski@feareygroup.com

 

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