FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

FrontFour Capital Group LLC 		2. Issuer Name and Ticker or Trading Symbol

FISHER COMMUNICATIONS INC [ FSCI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      __ X __ Other (specify below)
See footnotes 1, 2 & 3
(Last)          (First)          (Middle)

TWO STAMFORD LANDING, 68 SOUTHFIELD AVENUE, SUITE 290 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/6/2012
(Street)

STAMFORD, CT 06902
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   3/6/2012     P    13025   A $28.7682   192046   I   See footnotes 1, 2 & 3   (1) (2) (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  The aggregate securities reported here, which may be deemed beneficially owned by FrontFour Capital Group, LLC (the "Adviser"), are held directly by FrontFour Master Fund, Ltd. and Event Driven Portfolio, a series of Underlying Funds Trust (collectively the "Funds"), which are advised and sub-advised, respectively, by the Adviser, and held directly by FrontFour Opportunity Fund, which is advised by FrontFour Capital Corp., an affiliate of the Adviser by reason of shared principals, including David Lorber. The Adviser may be deemed to be the indirect beneficial owner of the securities reported herein by reason of its position as investment adviser and sub-adviser of the Funds, or its affiliation with FrontFour Opportunity Fund, and may be deemed to hold a fractional pecuniary interest in such shares. David Lorber, member and portfolio manager of the Adviser and principal of FrontFour Capital Corp., also serves as a member of the board of directors of Fisher Communications, Inc.
( 2)  Mr. Lorber may also be deemed to be the indirect beneficial owner of the securities reported herein by reason of his position with the Adviser or FrontFour Capital Corp. Both Reporting Persons disclaim beneficial ownership of all such securities in excess of their actual pecuniary interest, if any.
( 3)  David Lorber, as a member of the board of directors of Fisher Communications, Inc., also directly owns 3,118 shares of common stock of the issuer (previously and separately reported).

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
FrontFour Capital Group LLC
TWO STAMFORD LANDING
68 SOUTHFIELD AVENUE, SUITE 290
STAMFORD, CT 06902 		X

See footnotes 1, 2 & 3
Lorber David A
TWO STAMFORD LANDING
68 SOUTHFIELD AVENUE, SUITE 290
STAMFORD, CT 06902 		X

See footnotes 1 and 2

Signatures
/s/ David A. Lorber 03/08/2012 3/8/2012
** Signature of Reporting Person Date

/s/ Front Four Capital Group, LLC, by David A. Lorber as its Portfolio Manager 03/08/2012 3/8/2012
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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