Fisher shareholders weigh in on Sinclair merger


Fisher CommunicationsTo merge or not to merge, that was the question, and by an overwhelming margin, shareholders of Fisher Communications stock approved the proposal to merge the company into the Sinclair Broadcast Group.

The proposal earned approval from more than 90% of the votes that were actually cast, a figure that also represented 77% of total shares outstanding.

Each share of Fisher stock will earn the bearer $41 per terms of the transaction.

The Fisher properties will give Sinclair television properties in several western US markets, including most notably Seattle WA and Portland OR, and in Seattle, Sinclair will be getting what will be its sole presence in the radio business.