Fisher Communications, Inc. Announces Purchase of Two Television Stations for $19.3 Million.SEATTLE -- Fisher Communications Fisher Communications (NASDAQ: FSCI) is a media company in the United States. Based in Seattle, Washington, the company owns a number of radio and television stations in the northwestern United States. , Inc. (Nasdaq:FSCI FSCI Functionally Specified, Complex Information (intelligent design) FSCI Fiber Switching Capable Interface ) announced that it completed the purchase of two television stations from Equity Broadcasting Corporation for $19.3 million on November 1, 2006. The stations include KPOU in La Grande, Oregon
La Grande (IPA: [lə ˈɡɹænd]) is a city in Union County, Oregon, United States. , and KPOU LP in Portland, Oregon, which provide Hispanic programming to the Portland, Oregon, market through an affiliation with Univision. "This acquisition creates a duopoly Duopoly A situation in which two companies own all or nearly all of the market for a given type of product or service. Notes: This is very similar to a monopoly, where only one company dominates the market. in Portland for Fisher and allows us to better serve the market's fast-growing Hispanic population," stated Colleen Brown, President and Chief Executive Officer of Fisher Communications. Fisher also owns KATU, the ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. affiliate in Portland. KATU's general manager, John Tamerlano, will manage these stations. The transaction was structured as a like-kind exchange involving the previously announced sale of 18 of Fisher's radio stations in Eastern Washington and Montana. Fisher Communications, Inc. is a Seattle-based communications company that owns or manages twelve full-power and seven low-power television stations and nine radio stations in the Pacific Northwest. The Company owns and operates Fisher Pathways, a satellite and fiber transmission provider, and Fisher Plaza, a media, telecommunications, and data center facility located near downtown Seattle. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion