Breaking News

Tweet TWEET

Fisher Communications Shareholders Approve Merger With Sinclair Broadcast Group

Fisher Communications Shareholders Approve Merger With Sinclair Broadcast Group 
SEATTLE, WA -- (Marketwired) -- 08/06/13 --  Fisher Communications,
Inc. (NASDAQ: FSCI) ("Fisher" or the "Company"), a leader in local
media innovation, today announced that its shareholders have approved
the merger agreement with Sinclair Broadcast Group, Inc. (NASDAQ:
SBGI) ("Sinclair"), whereby Sinclair will acquire Fisher. Under the
terms of the merger agreement, upon the consummation of the merger,
Fisher shareholders will receive $41.00 in cash for each share of
Fisher common stock they own.  
More than 90% of the votes represented and cast at the special
meeting of Fisher's shareholders, or approximately 77% of the total
outstanding shares of common stock eligible to vote as of the June
14, 2013 record date, were voted in favor of the approval of the
merger agreement. Shareholders also approved the non-binding advisory
proposal regarding merger-related compensation with a vote of more
than 90% of the votes represented and cast at the meeting. The
completion of the merger remains subject to certain customary closing
conditions, including the receipt of certain regulatory approvals. 
About Fisher Communications, Inc.
 Fisher Communications, Inc. is a
Seattle-based communications Company that owns and operates 16 full
power television stations, seven low power television stations, three
owned radio stations and one managed radio station in the Western
United States. The Company also owns and operates Fisher Interactive
Network, its online division (including over 120 online sites) and
Fisher Pathways, a satellite and fiber transmission provider. For
more information about Fisher Communications, Inc., go to
www.fsci.com. 
Forward Looking Statements
 Certain statements in this news release
constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. Such
forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different
from any future results, performance or achievements expressed or
implied by such forward-looking statements. Statements preceded by,
followed by or that otherwise include the words "believes,"
"expects," "anticipates," "intends," "projects," "estimates,"
"plans," "increase," "forecast" and "guidance" and similar
expressions or future or conditional verbs such as "will," "should,"
"would," "may" and "could" are based upon then-current assumptions
and expectations and are generally forward-looking in nature and not
historical facts. Any statements that refer to outlook, expectations
or other characterizations of future events, circumstances or results
are also forward-looking statements. The forward-looking statements
contained in this news release, including, among other things,
statements related to the proposed merger involving the Company and
Sinclair, involve risks and uncertainties and are subject to change
based on various important factors, including uncertainties as to the
satisfaction of the closing conditions to the proposed merger,
including timing and receipt of regulatory approvals, the respective
parties' performance of their obligations under the merger agreement
relating to the proposed merger, and other factors affecting the
execution of the transaction. There can be no assurance that the
proposed merger will occur as currently contemplated, or at all, or
that the expected benefits from the transaction will be realized on
the timetable currently contemplated, or at all.  
A further list and description of important assumptions and other
important factors that could cause actual results to differ
materially from those in the forward-looking statements are specified
in the Company's Annual Report on Form 10-K for the year ended
December 31, 2012, as amended, included under headings such as
"Forward-Looking Statements," "Risk Factors" and "Management's
Discussion and Analysis of Financial Condition and Results of
Operations," the Company's most recently filed Form 10-Q, and in
other filings and furnishings made by the Company with the SEC from
time to time. Other unknown or unpredictable factors could also have
material adverse effects on the Company's performance or
achievements. In light of these risks, uncertainties, assumptions and
factors, the forward-looking events discussed in this news release
may not occur. You are cautioned not to place undue reliance on these
forward-looking statements, which speak only as of the date stated,
or if no date is stated, as of the date of this news release. The
Company undertakes no obligation to release publicly any revisions to
any forward-looking statements, to report events or to report the
occurrence of unanticipated events unless required by law. 
Media Contacts
Sard Verbinnen & Co
Ron Low and David Isaacs
(415) 618-8750 
 
 
Press spacebar to pause and continue. Press esc to stop.