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EXHIBIT 99.1
 FOR IMMEDIATE RELEASE
    
    (FISHER LOGO)
 CONTACT:
    
    Colleen B. Brown, President & CEO, Fisher Communications, Inc.
(206) 404-6783
 IMPROVING PERFORMANCE FOR FISHER COMMUNICATIONS AS SECOND QUARTER 2006 RESULTS RELEASED




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Fisher Communications, Inc. is a Seattle-based integrated media company. Its eleven
network-affiliated television stations, and a twelfth station 50% owned by Fisher Communications,
are located in Washington, Oregon, and Idaho, and its 27 radio stations broadcast in Washington and
Montana. It also owns and operates Fisher Plaza, a facility located near downtown Seattle.




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FISHER
COMMUNICATIONS, INC. AND SUBSIDIARIES
 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
 Six months ended
    
    Three months endedJune 30
    
    June 30(in thousands, except per-share amounts) Unaudited
    
    2006
    
    2005
    
    2006
    
    2005Revenue
    
    $
    71,271
    
    
    $
    65,178
    
    
    $
    40,190
    
    
    $
    36,865Costs and expensesCost of services sold
    
    
    34,734
    
    
    
    35,915
    
    
    
    19,632
    
    
    
    19,947Selling expenses
    
    
    12,267
    
    
    
    11,260
    
    
    
    6,654
    
    
    
    6,355General and administrative expenses
    
    
    14,183
    
    
    
    16,026
    
    
    
    6,456
    
    
    
    7,060Depreciation and amortization
    
    
    5,027
    
    
    
    7,619
    
    
    
    2,511
    
    
    
    3,55866,211
    
    
    
    70,820
    
    
    
    35,253
    
    
    
    36,920Income (loss) from operations
    
    
    5,060
    
    
    
    (5,642
    )
    
    
    4,937
    
    
    
    (55
    )Other income, net
    
    
    1,767
    
    
    
    1,754
    
    
    
    881
    
    
    
    923Interest expense
    
    
    (6,822
    )
    
    
    (6,775
    )
    
    
    (3,368
    )
    
    
    (3,404
    )Income (loss) from continuing operations before income taxes
    
    
    5
    
    
    
    (10,663
    )
    
    
    2,450
    
    
    
    (2,536
    )Provision (benefit) for federal and state income taxes
    
    
    
    
    
    
    (4,095
    )
    
    
    658
    
    
    
    (1,074
    )Income (loss) from continuing operations
    
    
    5
    
    
    
    (6,568
    )
    
    
    1,792
    
    
    
    (1,462
    )Income from discontinued operations, net of income taxes
    
    
    562
    
    
    
    410
    
    
    
    476
    
    
    
    372Net income (loss)
    
    $
    567
    
    
    $
    (6,158
    )
    
    $
    2,268
    
    
    $
    (1,090
    )Income (loss) per share:From continuing operations
    
    $
    0.00
    
    
    $
    (0.76
    )
    
    $
    0.21
    
    
    $
    (0.17
    )From discontinued operations
    
    
    0.07
    
    
    
    0.05
    
    
    
    0.05
    
    
    
    0.04Net income (loss) per share
    
    $
    0.07
    
    
    $
    (0.71
    )
    
    $
    0.26
    
    
    $
    (0.13
    )Income (loss) per share assuming dilution:From continuing operations
    
    $
    0.00
    
    
    $
    (0.76
    )
    
    $
    0.21
    
    
    $
    (0.17
    )From discontinued operations
    
    
    0.07
    
    
    
    0.05
    
    
    
    0.05
    
    
    
    0.04Net income (loss) per share
    
    $
    0.07
    
    
    $
    (0.71
    )
    
    $
    0.26
    
    
    $
    (0.13
    )Weighted average shares outstanding
    
    
    8,708
    
    
    
    8,658
    
    
    
    8,710
    
    
    
    8,690Weighted average shares outstanding assuming dilution
    
    
    8,716
    
    
    
    8,658
    
    
    
    8,719
    
    
    
    8,690




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CONDENSED CONSOLIDATED BALANCE SHEETS
    
    June 30
    
    December 31(in thousands) Unaudited
    
    2006
    
    2005AssetsCurrent assets
    
    $
    49,038
    
    
    $
    60,253Marketable securities, at market value
    
    
    169,632
    
    
    
    170,053Other assets
    
    
    76,040
    
    
    
    65,775Property, plant and equipment, net
    
    
    143,970
    
    
    
    144,312Total assets
    
    $
    438,680
    
    
    $
    440,393Liabilities and stockholders equityCurrent liabilities
    
    $
    19,868
    
    
    $
    24,691Long-term debt
    
    
    150,000
    
    
    
    150,000Deferred income taxes
    
    
    31,786
    
    
    
    31,381Other liabilities
    
    
    26,638
    
    
    
    24,700Total liabilities
    
    
    228,292
    
    
    
    230,772Stockholders equity, other than accumulated other comprehensive income
    
    
    103,235
    
    
    
    102,193Accumulated other comprehensive income, net of income taxes
    
    
    107,153
    
    
    
    107,428Total stockholders equity
    
    
    210,388
    
    
    
    209,621Total liabilities and stockholders equity
    
    $
    438,680
    
    
    $
    440,393