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Fisher Communications Down $5.1 Million

Apr 28, 2005  •  Post A Comment

Fisher Communications, a Seattle-based owner of 10 television stations in the Northwest, on Thursday reported a narrowed first-quarter loss of $5.1 million, compared with red ink of $9.8 million a year ago. Revenue rose slightly to $31 million from $30.9 million last year.

Much of the revenue growth came from a higher occupancy rate at the company’s office complex in Seattle, which helped offset a $700,000 decline in broadcasting revenue at its 27 radio stations and 10 TV stations, which was driven by a sharp slowdown in spending on political ads.