Fisher Communications Considers Sale Of Headquarters
March 23, 2011 at 4:31 AM (PT)
While dissident shareholders continue to pressure the company to make changes in its operations, FISHER COMMUNICATIONS has once again announced that it is considering a sale of its FISHER PLAZA headquarters in SEATTLE. Proceeds would be used to redeem the Company’s outstanding 8 5/8% Senior Notes or repurchase common stock.
The company explored a sale of the property in early 2008 but abandoned the effort in NOVEMBER 2008 after the economic downturn set in.