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Exhibit 99.1
FOR IMMEDIATE RELEASE
Contact: Christopher G. Wheeler of Fisher Companies Inc., 206-404-6784
OFFER FOR FISHER MILLING ASSETS WITHDRAWN
SEATTLE, WASHINGTON--December 14, 2000--Fisher Companies Inc. (FSCI) reported
today that the undisclosed buyers of its flour milling assets have notified the
company that they do not intend to proceed with the transaction. Fisher entered
into a non-binding letter-of-intent with the buyers in November to sell its
milling assets located primarily in Seattle, Washington and Blackfoot, Idaho.
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 12 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 a satellite and fiber
transmission business unit. Fisher also specializes in the design and operation
of innovative commercial properties, of which Fisher Plaza is the prime example.
