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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact: Christopher Wheeler of Fisher Companies, 206-224-6784
PRESIDENT & CEO OF FISHER BROADCASTING,
PATRICK M. SCOTT, RETIRES
SEATTLE, WA--JULY 6, 2000--Fisher Companies Inc. (FSCI) today announced that
Patrick M. Scott is retiring as President & CEO of Fisher Broadcasting.
Following his resignation, which is effective immediately, Mr. Scott will serve
as special advisor to the chairman of Fisher Broadcasting until his retirement
on January 31, 2001.
"Pat has been instrumental in building Fisher Broadcasting into an industry
leader," said William W. Krippaehne Jr., President and CEO of Fisher Companies.
"Our new communications hub, Fisher Plaza, is a fitting tribute to his 31 years
of service to our company and the communities we serve."
"In the 31 years I've served Fisher Broadcasting, we've grown from two
television stations and one radio station to a fully integrated communications
company," said Mr. Scott. "I have enjoyed the full support of the board of
directors, management, and employees during each step of my career with Fisher.
I can't tell you how proud I am of the teamwork that has built Fisher
Broadcasting. Now it's time for me to focus on my family and my health. I have
some health concerns, and my doctor has made it clear that I will be better
served by spending time with my family than at my desk."
Upon Mr. Scott's resignation, Benjamin W. Tucker, Senior Vice President of the
Fisher Television Regional Group, was elected Executive VP for Broadcast
Operations. Prior to joining Fisher in 1999, Mr. Tucker was President of Retlaw
Broadcasting. He has served as chairman of the CBS Affiliates Advisory Board and
the Network Affiliate Station Alliance (NASA), and is currently board chairman
of the National Association of Broadcasters (NAB). In other Fisher Broadcasting
board action, Mr. Krippaehne was named Chairman & CEO of Fisher Broadcasting
Inc.
Based in Seattle, Fisher is a communications and media company focused on
creating, aggregating, and distributing information and entertainment to a broad
range of audiences. Its 13 network-affiliated television stations are located in
the Northwest and the Southeast, and its 26 radio stations in Washington,
Oregon, and Montana. Other media operations include Fisher Entertainment, a
program production and distribution business, as well as satellite and fiber
transmission capabilities. Fisher also specializes in the design and operation
of innovative commercial properties, of which Fisher Plaza is the prime example.
