Spanish expansion helping to grow Fisher


Colleen Brown has certainly made her mark on Fisher Communications as CEO and she was able to report success from her changes in the company’s Q2 results. "The second quarter of 2007 continued our trend of revenue growth. We gained solid revenue results over the first half of the year, driven by Fisher’s expanding efforts in Spanish-language television and increased rental income from Fisher Plaza. Over the second half of the year, we will continue to improve our market position by expanding our Internet presence and pursuing important distribution and partnership opportunities," she said. TV revenues were up 4% in Q2, but radio was down 5%, giving Fisher Communications a revenue gain overall of 3% to 41.3 million. On the bottom line, net income was flat with a year ago at 2.3 million.

During the quarter, Fisher moved ahead with its expansion from English-language broadcasting to Spanish as well, all within its regional focus of the Northwestern US. Fisher closed on its five million bucks purchase of four Univision affiliates in Eastern Washington that it had already been operating under LMAs. On July 9th, Fisher debuted "Noticias Noroeste" – "Northwest News" – the Puget Sound’s first locally produced, all Spanish-language commercial news program airing on two Univision affiliates, KUNS-TV Seattle and KUNP-TV Portland. Both are operated in duopolies with Fisher’s long-established ABC affiliates.