Fisher Considers Group Sale

Taps Moelis for "strategic alternatives" exploration

By Michael Malone -- Broadcasting & Cable, 1/10/2013 7:44:18 AM

Fisher Communications has retained Moelis & Co. to help it "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 also tapped White & Case LLP and Perkins Coie LLP as its legal counsel.

Fisher says there is no set timetable for the strategic review process.

The process delays the date of Fisher's 2013 annual meeting of shareholders until June 9 or after.

Fisher operates 20 TV stations and three radio outlets.