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

January 29, 2003

(Date of Report)

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.)

1525 One Union Square, 600 University Street, Seattle, Washington, 98101-3185

(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)

Item 5. Other Events and Required FD Disclosure.

On January 29, 2003, Fisher Communications, Inc. issued a press release announcing the signing of an asset purchase agreement for the sale of its two Georgia television stations. A copy of that press release is attached hereto as exhibit 99.1.

Item 7. Financial Statements, Pro Forma Financial Information and Exhibits

(c) Exhibits

99.1 Press Release issued January 29, 2003.

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: February 3, 2003	By:	/s/ David D. Hillard
		David Hillard Senior Vice President Chief Financial Officer

-3-

Exhibit Index

99.1 Press Release issued January 29, 2003

-4-

EX-99.1

EXHIBIT 99.1

FOR IMMEDIATE RELEASE

CONTACT: Christopher G. Wheeler of Fisher Communications, Inc. 206-404-6784

FISHER COMMUNICATIONS ANNOUNCES SALE OF GEORGIA TV STATIONS

SEATTLE, WASHINGTON—January 29, 2003—Fisher Communications (NASDAQ:FSCI) today announced the signing of an asset purchase agreement for the sale of its two Georgia television stations, WFXG-TV, Augusta and WXTX-TV, Columbus. The buyer is Southeastern Media Holdings, Inc. The purchase price, payable in cash upon final order of the FCC and satisfaction of other customary closing conditions, will be $40 million plus net working capital.

Completion of the sale is subject to FCC approval, receipt of consents to assignment of certain material agreements, and satisfaction of other customary closing conditions. As previously disclosed in its Form 10-Q filed with the SEC for the quarter ended September 30, 2002, Fisher Communications, Inc. will recognize an after-tax loss of approximately $17 million on the sale.

Fisher Communications, Inc. is a Seattle-based communications and media company focused on creating, aggregating, and distributing information and entertainment to a broad range of audiences. Its 10 network-affiliated television stations are located in the Northwest, and its 28 radio stations broadcast in Washington, Oregon, and Montana. Other media operations include Fisher Entertainment, a program production business, as well as Fisher Pathways, a satellite and fiber transmission provider, and Fisher Plaza, a digital communications hub located in Seattle.

Listing agent for the sale was Kalil & Co., Inc.