Skip to main content

Fisher acknowledges default

Fisher Communications has acknowledged it is in default of agreements with lenders.

The company, which has been reduced staff at its 12 network affiliates - including more than 20 at flagship KOMO-TV - is carrying more than $200 million in long-term debt.

The company acknowledged the problem with its lenders on Friday. Fisher says it has asked lenders to waive the default and is negotiating new agreements.
- Dan Trigoboff