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Posts Tagged ‘Colleen B. Brown’

Fisher Communications TV Revenue Up 12%

Fisher Communications’ total television net revenue was $32.6 million in the first quarter of 2013. The 12% increase on the year-ago quarter was attributed to strong growth in the automotive, financial services and retail categories

The station group, which Sinclair Broadcast Group is in the process of acquiring, reported retransmission consent revenue increased 82% to $6.5 million in the first quarter. TV cash flow was $7 million, an increase of 33% on the year-ago quarter.

“2013 is off to a strong start, led by the continued market share growth among our broadcast stations,” Fisher president and CEO Colleen B. Brown said in a statement. “This momentum reflects the quality and value of our local brands and is the direct result of solid execution across our group of broadcast stations.”

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Sinclair Broadcast Group to Acquire Fisher Communications for $373M

Sinclair Broadcast Group is buying Fisher Communications for $373.3 million, the two companies announced Thursday.

Fisher owns 20 television stations in eight markets, reaching 3.9% of U.S. TV households (full list is after the jump). The transaction also includes three radio stations in Seattle. As part of the terms of the agreement, Fisher will provide “certain operating services” for three TV stations in Eugene, Ore. –  KMTR, KMCB and KTCW — after the transaction is approved by the FCC.

TVNewsCheck reports Sinclair won a bidding war with LIN Media for the station group “in a deal finalized in the wee hours of Tuesday night.”

“Sinclair is the largest independent TV broadcaster in the country, and we believe its commitment to the industry — along with its greater scale and sizable resources — will provide our stations, team members and business partners with new opportunities to flourish,” Fisher president and CEO Colleen B. Brown said in a statement. Read more