Fisher Revs Up For 2007, Down In Q4
February 21, 2008 at 6:20 AM (PT)
FISHER COMMUNICATIONS has announced its financial results for the fourth quarter and annual periods ended DECEMBER 31st, 2007, with revenue increasing 4% in comparison to 2006. Fourth-quarter revenue decreased only 1% over 2006, which was a strong political year.
FISHER COMMUNICATIONS Pres./CEO COLLEEN BROWN commented, "2007 was a strong year for FISHER, building off an improved year in 2006. In the past two years we have driven sales growth, ratings growth and margin growth. We have diversified our network and geographic footprint, built duopolies in our existing markets, entered the Spanish-language television business, launched an Internet division, and significantly improved our debt to cash flow ratio, while continuing to improve the performance of the Company."