Fisher Communications Considering Sale

Fisher Communications Inc. announced today that its board of directors has decided “to explore and evaluate potential strategic alternatives intended to enhance shareholder value, which could result in, among other things, a possible sale of the company.”

Fisher said it has retained Moelis & Co. as its financial adviser and White & Case LLP and Perkins Coie LLP as its legal counsel.

The company said it has not decided on any specific strategic transaction or any other strategic alternative, and there is no set timetable for the strategic review process. “There can be no assurance that the exploration of strategic alternatives will result in the consummation of any transaction. The company does not intend to comment further regarding the evaluation of strategic alternatives until such time as the board has determined the outcome of the process or otherwise has deemed that disclosure is appropriate,” a Fisher statement said.

The company also announced that it will delay the date of its 2013 annual meeting of shareholders to at least June 9.