Fisher Communications Board of Directors Elects Paul A. Bible Non-Executive Chairman
June 13 2011 - 4:05PM
Marketwired
Fisher Communications, Inc. (NASDAQ: FSCI), a leader in local media
innovation, today announced that the Company's Board of Directors
has elected Paul A. Bible, an independent director since 2009, as
non-executive Chairman of the Board, effective immediately.
"Over the past several years, Fisher has transformed itself into
a diversified local media company by being at the forefront of
innovation and leveraging its market leading stations and digital
portfolio to drive peer-leading growth and profitability," said Mr.
Bible. "In my new role as Chairman, I look forward to working with
the Board and management to build on this momentum and to
delivering lasting value to our shareholders, advertising partners,
viewers and listeners."
A practicing attorney for more than 45 years, Mr. Bible has
significant experience in corporate governance and compliance
matters. He currently serves as a non-director member of the
independent governance committee of AMERCO, the publicly-traded
parent company of U-Haul International, Inc., a moving and storage
company.
Since 2010, Mr. Bible has been a senior partner in Lewis &
Roca LLP, one of the leading business law firms in the Southwest.
Previously, he was a principal in Bible Mousel PC, a Nevada law
firm specializing in gaming law. He is also a former Chairman of
the Nevada Gaming Commission, the University of Nevada, Reno
Foundation, and the Truckee Meadows Community College
Foundation.
Mr. Bible earned his law degree from Georgetown University Law
Center. After law school, he served in the Judge Advocate General's
Corps of the U.S. Army and is a veteran of the Vietnam
Conflict.
About Fisher Communications
Fisher Communications (FSCI) is an innovative local media
company with television, radio, internet and mobile operations
throughout the western United States. Fisher owns or operates 13
full power television stations and 7 low power television stations
which include network affiliations with ABC, CBS, FOX, Univision
and CW that reach 3.5% of U.S. television households, and 10 radio
stations targeting a full range of audience demographics. Fisher
Interactive Network, its online division, produces more than 125
local and hyper-local websites and delivers comprehensive
multiplatform advertising solutions to local businesses. The
Company also owns and operates Fisher Plaza, a 300,000 square foot
media, telecommunications, and data center facility located near
downtown Seattle. The Company is headquartered in Seattle, WA. For
more information about Fisher Communications, Inc., go to
www.fsci.com.
Forward-Looking Statements
This news release includes forward-looking statements. We have
based these forward-looking statements on our current expectations
and projections about future events. Forward-looking statements
include information preceded by, followed by, or that includes the
words "guidance," "believes," "expects," "intends," "anticipates,"
"could," or similar expressions. For these statements, the Company
claims the protection of the safe harbor for forward-looking
statements contained in the Private Securities Litigation Reform
Act of 1995. The forward-looking statements contained in this news
release, concerning, among other things, changes in revenue, cash
flow and operating expenses, involve risks and uncertainties, and
are subject to change based on various important factors, including
the impact of changes in national and regional economies, our
ability to service and refinance our outstanding debt, successful
integration of acquired television stations (including achievement
of synergies and cost reductions), pricing fluctuations in local
and national advertising, future regulatory actions and conditions
in the television stations' operating areas, competition from
others in the broadcast television markets served by the Company,
volatility in programming costs, the effects of governmental
regulation of broadcasting, industry consolidation, technological
developments and major world news events. Unless required by law,
we undertake no obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of these risks, uncertainties and
assumptions, the forward-looking events discussed in this news
release might not occur. You should not place undue reliance on
these forward-looking statements, which speak only as of the date
of this release. For more details on factors that could affect
these expectations, please see the risk factors in our Annual
Report on Form 10-K for the year ended December 31, 2010, which we
filed with the SEC on March 8, 2011.
Contacts: Sard Verbinnen & Co Ron Low or David Isaacs (415)
618-8750
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