Explaining the soft quarter at Fisher Communications (audio)


Colleen BrownFisher Communications CEO Colleen Brown told investors and analysts that she was disappointed in the company’s Q1 revenue results.

So, what happened? She said it had to do with an anomaly in national advertising.

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The company is still sitting on a big pile of cash from selling Fisher Plaza, so investors were anxious to find out what the board of directors is going to do with the money. Brown noted that the company has already redeemed its senior notes and the board has authorized a $25 million stock buyback. As for the rest, she said the board is actively evaluating options to return value to shareholders.