Fisher Q4 Revenues Down Slightly, Full Year Up 4%

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Fisher Communications fourth quarter revenues declined 1% to $44.1 million from $44.7 million a year earlier. For the full year 2007, Fisher saw revenues rise 4% to $160.4 million from $154.7 million. The company posted a net earnings of $31.4 million ($3.60 per share) compared to $16.9 million ($1.94) in 2006. Full year earnings grew to $31.9 million ($3.60 per share) from $16.8 million ($1.94).

"2007 was a strong year for Fisher, building off an improved year in 2006," said President/CEO Colleen Brown. "In the past two years we have driven sales growth, ratings growth, and margin growth. We have diversified our network and geographic footprint, built duopolies in our existing markets, entered the Spanish-language television business, launched an Internet division, and significantly improved our debt-to-cash flow ratio, while continuing to improve the performance of the company."

Fisher is a Seattle-based company that owns 12 full power and 7 low-power television stations and 8 radio outlets in the Pacific Northwest.