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Subsequent Events
9 Months Ended
Sep. 30, 2012
Subsequent Events [Abstract]  
Subsequent Events

16. Subsequent Events

In October 2012, the Company’s Board of Directors declared a quarterly cash dividend of $0.15 per common share, payable on December 17, 2012 to holders of record on November 30, 2012.

In October 2012, in connection with the announcement of a $10.00 per share special cash dividend (“SCD”) and the initiation of a quarterly dividend policy, the Board of Directors and the Compensation Committee (the “Committee”) approved changes to both the Amended and Restated Fisher Communications Incentive Plan of 2001 (the “2001 Plan”) and the Amended and Restated 2008 Equity Incentive Plan (the “2008 Plan”). The changes permit: (1) the adjustment of outstanding awards in the event of a distribution of cash or other assets to shareholders other than a normal cash dividend and (2) the amendment of outstanding awards so that such awards are credited with normal cash dividends or dividend equivalents. Effective on October 22, 2012, all of the Company’s outstanding stock options, restricted stock units issued from the 2008 plan (“RSUs”) and performance awards were adjusted by reducing the exercise price and/or increasing the number of shares to preserve the intrinsic value of such awards as a result of the SCD.

The Company currently expects these award adjustments to result in approximately $500,000 to $700,000 of incremental stock compensation expense for the three months ended December 31, 2012 and will result in an incremental increase to stock compensation over the remaining service period for the impacted RSUs, performance awards and options.