Fisher details Q3 results

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Fisher Communications says its Q3 2007 revenues increased 5% to 40.8M, with a 4%/1.1M dollar gain in television revenue and a 6%/679K dollar gain in radio. President/CEO Colleen Brown noted that television’s performance was especially impressive given that Q3 was tough throughout the industry and TV was facing tough 2006 political comps. However, net income wasn’t enough to overcome interest and tax expenses, resulting in a 601K continuing operation loss, which nevertheless wasn’t quite as steep as a loss in Q3 2006, when the drop was 784K, a 23% improvement. The television side of the ledger was said to benefit from the company’s entry into the Hispanic market with a Seattle Univision affiliation. It also enjoyed improvement in the local news competition. It acquired a full-/low-power TV pair in Bakersfield over the summer. Five small-market Montana radio stations are still being peddled and are considered by the company to be discontinued operations.


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