Seattle’s Fisher Communications Rejects Takeover Bid
SEATTLE (AP) — The Seattle broadcasting company Fisher Communications says it has rejected an unsolicited takeover offer worth about $384 million.
The company says in a Monday statement that the board decided the bid last April was not in the best interest of shareholders.
Fisher owns and operates 13 full power TV stations, eight low power TV stations and eight radio stations in the West. They include KOMO-TV and radio in Seattle.
The company also owns and operates Fisher Pathways transmission service, the Fisher Plaza building near the Seattle Center, and a Dallas-based online local news service called Pegasus News.