Document:

<PAGE>

                                 Exhibit 10.12

                      SECOND AMENDMENT TO CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO CREDIT AGREEMENT ("Amendment") is made effective
as of September 30, 1999, by and among FISHER COMPANIES INC. ("Borrower"), and
BANK OF AMERICA, N. A. and U.S. BANK NATIONAL ASSOCIATION (each individually a
"Bank" and collectively the "Banks") and BANK OF AMERICA, N. A., as agent for
Banks ("Agent").

                                    Recitals

     A.  Borrower, Banks and Agent are parties to that certain Credit Agreement
dated as of May 26, 1998 as the same was amended pursuant to that certain First
Amendment to Credit Agreement by and among the parties hereto as of June 25,
1999 ("Credit Agreement") and the related Loan Documents described therein.

     B.  The parties hereto now desire to make certain changes to the Credit
Agreement and the other Loan Documents all on the terms and conditions that
follow.

     NOW, THEREFORE, the parties agree as follows:

                                   Agreement

     1.   Definitions.  Capitalized terms used herein and not otherwise defined
shall have the meanings given in the Credit Agreement.

     2.   Amendment to Section 7.2 of the Credit Agreement.  Section 7.2(b) of
the Credit Agreement is hereby deleted and the following substituted in its
stead:

          (b)  Interest Coverage Ratio.  Borrower shall maintain on a
               consolidated basis for each period of four consecutive fiscal
               quarters, an Interest Coverage Ratio of not less than the
               applicable minimum ratio set forth below:

<TABLE>
<CAPTION>
                   Period                            Minimum Ratio
                   ------                            -------------
<S>                                                  <C>
For the periods of four consecutive fiscal              1.80 to 1
 quarters ending on or before December 31,
 2000

For the periods of four consecutive fiscal              1.90 to 1
 quarters ending after December 31, 2000
 and on or before December 31, 2001

For the periods of four consecutive fiscal               2.00 to 1
 quarters ending after December 31, 2001
 and on or before December 31, 2002

For the periods of four consecutive fiscal               2.25 to 1
 quarters ending after December 31, 2002
</TABLE>
<PAGE>

          As used herein, "Interest Coverage Ratio" means, for any period, the
          ratio of (a) Adjusted Cash Flow of Borrower and its Subsidiaries for
          such period to (b) interest expense (including capitalized interest
          and the interest component of rentals paid or accrued under capital
          leases) of Borrower and its Subsidiaries for such period, provided,
          however, that for purposes of this subsection and subsection 6.15(c),
          "interest expense" for the four consecutive fiscal quarters ending on
          September 30, 1999, December 31, 1999 and March 31, 2000 shall be
          calculated in accordance with the following formula: (i) interest
          expense for the four quarter period ending on September 30, 1999,
          shall be four times Borrower's consolidated interest expense for the
          quarter ending on September 30, 1999; (ii) interest expense for the
          four quarter period ending on December 31, 1999, shall be two times
          Borrower's consolidated interest expense for the two quarter period
          ending on December 31, 1999; and (iii) interest expense for the four
          quarter period ending on March 31, 2000, shall be four-thirds (4/3) of
          Borrower's consolidated interest expense for the three quarter period
          ending on March 31, 2000.

     4.   Conditions to Effectiveness.  Notwithstanding anything contained
herein to the contrary, this Amendment shall not become effective until each of
the following conditions is fully and simultaneously satisfied:

          4.1  Delivery of Amendment.  Borrower, Agent and each Bank shall have
executed and delivered counterparts of this Amendment to Agent;

          4.2  Corporate Authority.  Agent shall have received in form and
substance reasonably satisfactory to it such evidence of corporate authority and
action as Agent or any Bank shall request demonstrating that the execution,
delivery and performance of this Amendment has been duly authorized by Borrower;

          4.3  Consent of Guarantors.  Fisher Broadcasting Inc., Fisher Mills
Inc. and Fisher Properties Inc. shall each have executed the subjoined
Guarantors' Consent;

          4.4  Representations True; No Default.  The representations of
Borrower as set forth in Article 6 of the Credit Agreement shall be true on and
as of the date of this Amendment with the same force and effect as if made on
and as of this date. No Event of Default and no event which, with notice or
lapse of time or both, would constitute an Event of Default, shall have occurred
and be continuing or will occur as a result of the execution of this Amendment;

          4.5  Other Documents.  Agent and Banks shall have received such other
documents, instruments, and undertakings as Agent and such Bank may reasonably
request.

     5.   No Further Amendment.  Except as expressly modified by this Amendment,
the Credit Agreement and the other Loan Documents shall remain unmodified and in
full force and effect and the parties hereby ratify their respective obligations
thereunder.  Without limiting the foregoing, Borrower expressly reaffirms and
ratifies its obligation to pay or reimburse Agent and Banks on request for all
reasonable expenses, including legal fees, actually incurred by Agent or such
Bank in connection with the preparation of this Amendment and the closing of the
transactions contemplated hereby and thereby.

                                      -2-
<PAGE>

     6.   Miscellaneous.

          6.1  Entire Agreement.  This Amendment comprises the entire agreement
of the parties with respect to the subject matter hereof and supersedes all
prior oral or written agreements, representations or commitments.

          6.2  Counterparts.  This Amendment may be executed in any number of
counterparts and by different parties hereto in separate counterparts, each of
which when so executed shall be deemed to be an original, and all of which taken
together shall constitute one and the same Amendment.

          6.3  Governing Law.  This Amendment and the rights and obligations of
the parties hereto shall be construed and interpreted in accordance with the
internal laws of the State of Washington.

          6.4  Oral Agreements Not Enforceable.

          ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR
          TO FOREBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE
          UNDER WASHINGTON LAW.

     EXECUTED AND DELIVERED by the duly authorized officers of the parties as of
the date first above written.

Guarantors:
FISHER COMPANIES INC.                    BANK OF AMERICA, N. A.

By_________________________________      By__________________________________

Title______________________________      Title_______________________________

Banks:
BANK OF AMERICA, N.A.                    U.S. BANK NATIONAL ASSOCIATION

By_________________________________      By__________________________________

Title______________________________      Title_______________________________

                                      -3-
<PAGE>

                              GUARANTORS' CONSENT

     Fisher Broadcasting Inc., Fisher Mills Inc. and Fisher Properties Inc.
("Guarantors") are guarantors of the indebtedness, liabilities and obligations
of Fisher Companies Inc. ("Borrower") under the Credit Agreement and the other
Loan Documents referred to in the within and foregoing Second Amendment to
Credit Agreement ("Amendment"). The Guarantors hereby acknowledge that they have
received a copy of the Amendment and hereby consent to its contents
(notwithstanding that such consent is not required). Each Guarantor hereby
confirms that its guarantee of the obligations of Borrower remains in full force
and effect, and that the obligations of Borrower under the Loan Documents shall
include the obligations of Borrower under the Loan Documents as amended by the
Amendment.

Guarantors:
FISHER BROADCASTING INC.                 FISHER MILLS INC.

By_________________________________      By__________________________________

Title______________________________      Title_______________________________

FISHER PROPERTIES INC.

By_________________________________

Title______________________________

                                      -4-<PAGE>

                                 Exhibit 10.16

                      SECOND AMENDMENT TO CREDIT AGREEMENT

     THIS SECOND AMENDMENT TO CREDIT AGREEMENT (the "Amendment"), dated as of
September 31, 1999, is entered into by and among FISHER COMPANIES INC. (the
"Company"), BANK OF AMERICA, N.A., as agent for itself and the Lenders (the
"Agent"), and the several financial institutions party to the Credit Agreement
described below (collectively, the "Lenders").

                                    RECITALS

     A.  Reference is hereby made to that certain Credit Agreement dated as of
June 24, 1999 as the same was amended pursuant to that certain First Amendment
to Credit Agreement dated as of August 24, 1999 in each case by and among the
Company, Lenders and Agent (the "Credit Agreement") pursuant to which the Agent
and the Lenders have extended certain credit facilities to the Company.

     B.  The Company has requested that the Lenders agree to amend the Credit
Agreement.

     C.  The Lenders are willing to amend the Credit Agreement, subject to the
terms and conditions of this Amendment.

     NOW, THEREFORE, for valuable consideration, the receipt and adequacy of
which are hereby acknowledged, the parties hereto hereby agree as follows:

     1.   Defined Terms.  Unless otherwise defined herein, capitalized terms
used herein shall have the meanings, if any, assigned to them in the Credit
Agreement.

     2.   Amendment to Credit Agreement. Section 6.15(b) of the Credit Agreement
shall be amended and restated to read as follows:

          (b)  Interest Coverage Ratio.  The Company shall maintain on a
          consolidated basis for each period of four consecutive fiscal
          quarters, an Interest Coverage Ratio of not less than the applicable
          minimum ratio set forth below:

<TABLE>
<CAPTION>
          Period                                   Minimum Ratio
          ------                                   -------------
          <S>                                      <C>
          For the periods of four consecutive      1.80 to 1
          fiscal quarters ending on or before
          December 31, 2000

          For the periods of four consecutive      1.90 to 1
          fiscal quarters ending after
          December 31, 2000 and on or before
          December 31, 2001
</TABLE>
<PAGE>

<TABLE>
          <S>                                      <C>
          For the periods of four consecutive      2.00 to 1
          fiscal quarters ending after
          December 31, 2001 and on or before
          December 31, 2002

          For the periods of four consecutive      2.25 to 1
          fiscal quarters ending after
          December 31, 2002
</TABLE>

          As used herein, "Interest Coverage Ratio" means, for any period, the
          ratio of (a) Adjusted Cash Flow of the Company and its Subsidiaries
          for such period to (b) interest expense (including capitalized
          interest and the interest component of rentals paid or accrued under
          capital leases) of the Company and its Subsidiaries for such period,
          provided, however, that for purposes of this subsection and subsection
          6.15(c), "interest expense" for the four consecutive fiscal quarters
          ending on September 30, 1999, December 31, 1999 and March 31, 2000
          shall be calculated in accordance with the following formula:  (i)
          interest expense for the four quarter period ending on September 30,
          1999, shall be four times the Company's consolidated interest expense
          for the quarter ending on September 30, 1999; (ii) interest expense
          for the four quarter period ending on December 31, 1999, shall be two
          times the Company's consolidated interest expense for the two quarter
          period ending on December 31, 1999; and (iii) interest expense for the
          four quarter period ending on March 31, 2000, shall be four-thirds
          (4/3) of the Company's consolidated interest expense for the three
          quarter period ending on March 31, 2000.

     3.   Representations and Warranties.  The Company hereby represents and
warrants to the Agent and the Lenders as follows:

          (a)  No Default or Event of Default has occurred and is continuing.

          (b)  The execution, delivery and performance by the Company of this
Amendment have been duly authorized by all necessary corporate and other action
and do not and will not require any registration with, consent or approval of,
notice to or action by, any Person (including any Governmental Authority) in
order to be effective and enforceable.  The Credit Agreement as amended by this
Amendment constitutes the legal, valid and binding obligations of the Company,
enforceable against it in accordance with its respective terms. without defense,
counterclaim or offset.

          (c)  All representations and warranties of the Company contained in
the Credit Agreement are true and correct.

                                      -2-
<PAGE>

          (d)  The Company is entering into this Amendment on the basis of its
own investigation and for its own reasons, without reliance upon the Agent and
the Lenders or any other Person.

     4.   Effective Date.  This Amendment will become effective as of September
30, 1999, at such time as (a) the Agent has received from the Company and the
Lenders a duly executed original (or, if elected by the Agent, an executed
facsimile copy) of this Amendment, together with a duly executed Guarantor
Acknowledgment and Consent in the form attached hereto; and (b) the Company has
paid in full certain amendment fees to the Agent and certain Lenders in
accordance with the terms of that certain letter dated November 1, 1999 from the
Agent to the Lenders in respect of this Amendment; and (c) Agent shall have
received in form and substance reasonably satisfactory to it such evidence of
corporate authority and action as Agent or any Lender shall request
demonstrating that the execution, delivery and performance of this Amendment has
been duly authorized by the Company.

     5.   Reservation of Rights.  The Company acknowledges and agrees that the
execution and delivery by the Agent and the Lenders of this Amendment shall not
be deemed to create a course of dealing or otherwise obligate the Agent or the
Lenders to forbear or execute similar amendments under the same or similar
circumstances in the future.

     6.   Miscellaneous.

          (a)  Except as herein expressly amended, all terms, covenants and
provisions of the Credit Agreement are and shall remain in full force and effect
and all references therein to such Credit Agreement shall henceforth refer to
the Credit Agreement as amended by this Amendment. This Amendment shall be
deemed incorporated into, and a part of, the Credit Agreement.

          (b)  This Amendment shall be binding upon and inure to the benefit of
the parties hereto and thereto and their respective successors and assigns. No
third party beneficiaries are intended in connection with this Amendment.

          (c)  This Amendment shall be governed by and construed in accordance
with the law of the State of Washington.

          (d)  This Amendment may be executed in any number of counterparts,
each of which shall be deemed an original, but all such counterparts together
shall constitute but one and the same instrument. Each of the parties hereto
understands and agrees that this document (and any other document required
herein) may be delivered by any party thereto either in the form of an executed
original or an executed original sent by facsimile transmission to be followed
promptly by mailing of a hard copy original, and that receipt by the Agent of a
facsimile transmitted document purportedly bearing the signature of a Lender or
the Company shall bind such Lender or the Company, respectively, with the same
force and effect as the delivery of a hard copy original. Any failure by the
Agent to receive the hard copy executed original of such document shall not
diminish the binding effect of receipt of the facsimile transmitted executed
original of such document of the party whose hard copy page was not received by
the Agent.

                                      -3-
<PAGE>

          (e)  This Amendment, together with the Credit Agreement, contains the
entire and exclusive agreement of the parties hereto with reference to the
matters discussed herein and therein. This Amendment supersedes all prior drafts
and communications with respect thereto. This Amendment may not be amended
except in accordance with the provisions of Section 10.01 of the Credit
Agreement.

          (f)  If any term or provision of this Amendment shall be deemed
prohibited by or invalid under any applicable law, such provision shall be
invalidated without affecting the remaining provisions of this Amendment or the
Credit Agreement, respectively.

          (g)  The Company covenants to pay to or reimburse the Agent and the
Lenders, upon demand, for all costs and expenses (including allocated costs of
in-house counsel) incurred in connection with the development, preparation,
negotiation, execution and delivery of this Amendment, including without
limitation appraisal, audit, search and filing fees incurred in connection
therewith.

     5.   Oral Agreements Not Enforceable.

          ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR
          TO FOREBEAR FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE
          UNDER WASHINGTON LAW.

     IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first above written.

                                        FISHER COMPANIES INC.

                                        By:__________________________________

                                        Title:_______________________________

                                        BANK OF AMERICA, N.A., as Agent

                                        By:__________________________________

                                        Title:_______________________________

                                        BANK OF AMERICA, N.A., as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                      -4-
<PAGE>

                                        U.S. BANK NATIONAL ASSOCIATION, as
                                        a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        CREDIT SUISSE FIRST BOSTON, as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        BANKBOSTON, N.A. as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        THE BANK OF NOVA SCOTIA, as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        BANK OF MONTREAL, as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        KEY CORPORATE CAPITAL INC., as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        THE BANK OF NEW YORK, as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                      -5-
<PAGE>

                                        UNION BANK OF CALIFORNIA, N.A., as a
                                        Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        THE FUJI BANK, LIMITED, as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        CITY NATIONAL BANK, as a Lender

                                        By:__________________________________

                                        Title:_______________________________

                                        CREDIT SUISSE FIRST BOSTON, as
                                        Syndication Agent

                                        By:__________________________________

                                        Title:_______________________________

                                        By:__________________________________

                                        Title:_______________________________

                                      -6-

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