Fisher Reports a Widened Loss

Aug 9, 2004  •  Post A Comment

Fisher Communications, which owns 10 network affiliated television stations in the Northwest, on Monday reported a widened second-quarter loss, driven by a loss on an investment.

The Seattle-based company reported red ink $11.3 million, or $1.31 a share, compared with a year-earlier loss of $7.2 million, or 84 cents a share. The 2004 results include a $1.4 million charge related to a loss on a derivatives investment.

Revenue, meanwhile, rose 8 percent to $39.5 million, fueled by a rise local advertising and robust political campaign spending.