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FOR IMMEDIATE RELEASE
 CONTACT
 FISHER COMMUNICATIONS NON-CASH CHARGE
   Fisher Communications, Inc. is a Seattle-based integrated media company. The Companys nine
network-affiliated television stations, and a tenth station 50% owned by Fisher Communications, are
located in Washington, Oregon, and Idaho, and its 27 radio stations broadcast in Washington and
Montana. The Company also owns and operates Fisher Plaza, a facility located near downtown Seattle.




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FISHER COMMUNICATIONS, INC. AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 Year ended
    
    
    
    
    

    
    Three months endedDecember 31
    
    
    
    
    
    

    December 312005
    
    
    2005(in thousands, except per-share amounts) Unaudited
    
    As Presented
    
    
    Change
    
    
    Revised
    
    
    2004
    
    
    As Presented
    
    
    Change
    
    
    Revised
    
    
    2004Revenue
    
    $
    144,471
    
    
    $
    4,848
    
    
    $
    149,319
    
    
    $
    153,866
    
    
    $
    34,588
    
    
    $
    4,848
    
    
    $
    39,436
    
    
    $
    42,349Costs and expensesCost of services sold
    
    
    73,798
    
    
    
    
    
    
    
    73,798
    
    
    
    69,123
    
    
    
    15,945
    
    
    
    
    
    
    
    15,945
    
    
    
    15,674Selling expenses
    
    
    27,496
    
    
    
    4,848
    
    
    
    32,344
    
    
    
    27,626
    
    
    
    6,837
    
    
    
    4,848
    
    
    
    11,685
    
    
    
    6,769General and administrative expenses
    
    
    34,074
    
    
    
    
    
    
    
    34,074
    
    
    
    34,682
    
    
    
    8,911
    
    
    
    
    
    
    
    8,911
    
    
    
    8,589Depreciation and amortization
    
    
    13,085
    
    
    
    
    
    
    
    13,085
    
    
    
    16,017
    
    
    
    2,640
    
    
    
    
    
    
    
    2,640
    
    
    
    3,762148,453
    
    
    
    4,848
    
    
    
    153,301
    
    
    
    147,448
    
    
    
    34,333
    
    
    
    4,848
    
    
    
    39,181
    
    
    
    34,794Income (loss) from operations
    
    
    (3,982
    )
    
    
    
    
    
    
    (3,982
    )
    
    
    6,418
    
    
    
    255
    
    
    
    
    
    
    
    255
    
    
    
    7,555Net gain (loss) on derivative instruments
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (12,656
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    589Loss from extinguishment of long-term debt
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (5,034
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Other income, net
    
    
    3,674
    
    
    
    
    
    
    
    3,674
    
    
    
    3,421
    
    
    
    982
    
    
    
    
    
    
    
    982
    
    
    
    1,174Interest expense
    
    
    (13,726
    )
    
    
    
    
    
    
    (13,726
    )
    
    
    (11,776
    )
    
    
    (3,485
    )
    
    
    
    
    
    
    (3,485
    )
    
    
    (3,455
    )Income
(loss) from continuing operations before income taxes
    
    
    (14,034
    )
    
    
    
    
    
    
    (14,034
    )
    
    
    (19,627
    )
    
    
    (2,248
    )
    
    
    
    
    
    
    (2,248
    )
    
    
    5,863Provision (benefit) for federal and state income taxes
    
    
    (8,962
    )
    
    
    
    
    
    
    (8,962
    )
    
    
    (7,806
    )
    
    
    (4,124
    )
    
    
    
    
    
    
    (4,124
    )
    
    
    1,315Income (loss) from continuing operations
    
    
    (5,072
    )
    
    
    
    
    
    
    (5,072
    )
    
    
    (11,821
    )
    
    
    1,876
    
    
    
    
    
    
    
    1,876
    
    
    
    4,548Loss from discontinued operations, net of income taxes
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (132
    )
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Net income (loss)
    
    $
    (5,072
    )
    
    $
    
    
    
    $
    (5,072
    )
    
    $
    (11,953
    )
    
    $
    1,876
    
    
    $
    
    
    
    $
    1,876
    
    
    $
    4,548Income (loss) per share:From continuing operations
    
    $
    (0.58
    )
    
    
    
    
    
    $
    (0.58
    )
    
    $
    (1.37
    )
    
    $
    0.22
    
    
    
    
    
    
    $
    0.22
    
    
    $
    0.53From discontinued operations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (0.02
    )Net income (loss) per share
    
    $
    (0.58
    )
    
    
    
    
    
    $
    (0.58
    )
    
    $
    (1.39
    )
    
    $
    0.22
    
    
    
    
    
    
    $
    0.22
    
    
    $
    0.53Weighted average shares outstanding
    
    
    8,678
    
    
    
    
    
    
    
    8,678
    
    
    
    8,617
    
    
    
    8,700
    
    
    
    
    
    
    
    8,700
    
    
    
    8,619Income (loss) per share assuming dilution:From continuing operations
    
    $
    (0.58
    )
    
    
    
    
    
    $
    (0.58
    )
    
    $
    (1.37
    )
    
    $
    0.22
    
    
    
    
    
    
    $
    0.22
    
    
    $
    0.53From discontinued operations
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    (0.02
    )Net income (loss) per share
    
    $
    (0.58
    )
    
    
    
    
    
    $
    (0.58
    )
    
    $
    (1.39
    )
    
    $
    0.22
    
    
    
    
    
    
    $
    0.22
    
    
    $
    0.53Weighted average shares outstanding assuming dilution
    
    
    8,678
    
    
    
    
    
    
    
    8,678
    
    
    
    8,617
    
    
    
    8,708
    
    
    
    
    
    
    
    8,708
    
    
    
    8,634