Exhibit 99.1
MEDIA RELEASE

Fisher Communications, Inc. Reports Third Quarter 2012 Financial Results

Net Television Revenue Increased 14% to $34.7 million
TV Cash Flow Increased 55% to $10.5 million
Earnings Per Diluted Share Increased 56% to $0.25
Declared Quarterly Cash Dividend of $0.15 Per Share

SEATTLE, WA – (MARKETWIRE) – November 1, 2012 – Fisher Communications, Inc. (NASDAQ: FSCI), a leader in local media innovation, today reported its financial results for the third quarter ended September 30, 2012.

Management Commentary
“Fisher’s positive momentum continued throughout the third quarter, led by the strength of our stations, strong political spending and new retransmission agreements,” said Colleen B. Brown, Fisher’s President and Chief Executive Officer. “Our stations delivered audience share and revenue growth, as we continue to leverage the Company’s key set of multiplatform offerings to our competitive advantage.”

“As we look ahead to 2013, we remain focused on expanding our trusted local news brands, as well as providing advertisers the highly effective broadcast and on-line mediums to better reach their customers. These are hallmarks of Fisher and the pillars that will enable us to deliver value to our audiences, business partners and shareholders.”

Third Quarter Financial Highlights
(All financial comparisons are made to the third quarter of 2011 unless otherwise noted.)

Fisher’s consolidated revenue was $39.9 million, up slightly from the third quarter of 2011. Excluding Fisher Plaza revenues from the third quarter of 2011, Fisher’s consolidated revenue increased 11% year-over-year.

Total consolidated direct operating, selling, general and administrative and programming expenses for the third quarter of 2012 increased 6%, or $2.0 million, compared to the third quarter of 2011. Last year’s third quarter results included one-time savings of $0.9 million related to the Company’s revised vacation policy and the third quarter of 2012 included Plaza rent expense of $1.4 million, $0.8 million of costs related to various strategic initiatives and $0.6 million of increased network fees. Excluding the items noted above, our remaining expenses were 5% lower year over year.

EBITDA was $5.4 million in the third quarter of 2012, which included $1.4 million of Fisher Plaza rent expense. This represents a decrease of 22% from $6.8 million in the prior year period, which included $2.3 million of Plaza EBITDA.

Adjusted EBITDA (excluding Plaza rent expense in 2012 and Plaza EBITDA in 2011) was $6.8 million in the third quarter of 2012, an increase of 48%, or $2.2 million, from the same period in 2011.

Highlights for the Company’s television segment are as follows:

Balance Sheet and Liquidity

Quarterly Dividend
As previously announced, the Company’s Board of Directors approved a quarterly dividend policy in August 2012. In accordance with the policy, the Company has declared a quarterly cash dividend of $0.15 per share on its common stock payable on December 17, 2012, to shareholders of record at the close of business on November 30, 2012.

Third Quarter Conference Call
Fisher will host a conference call today at 1:00 p.m. (PDT). Senior management will discuss the financial results and host a question and answer session. The dial-in number for the audio conference call is 1-866-730-5771; confirmation code 71674211#. A live audio webcast of the call will be accessible to the public on Fisher’s website, www.fsci.com. A recording of the webcast will subsequently be archived on the website and available for replay for one week following the call. An audio replay of the call can be accessed for one week by dialing 1-888-286-8010 and entering confirmation code 61098661#.

Definitions and Disclosures Regarding Non-GAAP Financial Information
The Company reports and discusses its operating results using financial measures consistent with generally accepted accounting principles (GAAP) and believes this should be the primary basis for evaluating its performance.

The preceding discussion of our results includes a discussion of non-GAAP financial measures such as Television cash flow, Radio cash flow, Broadcast cash flow and Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) and Adjusted EBITDA. These non-GAAP measures should not be viewed as alternatives or substitutes for GAAP reporting.

The Company believes the presentation of these non-GAAP measures is useful to investors because they are used by lenders to measure the Company’s ability to service debt; by industry analysts to determine the market value of stations and their operating performance; and by management to identify the cash available to service debt, make strategic acquisitions and investments, maintain capital assets and fund ongoing operations and working capital needs; and, because they reflect the most up-to-date operating results of the stations inclusive of pending acquisitions, time brokerage agreements or local marketing agreements. Management believes they also provide an additional basis from which investors can establish forecasts and valuations for the Company’s business.
Television and radio cash flow are calculated as television and radio segment income (loss) from operations plus amortization of broadcast rights, non-cash charges, Internet and trade expenses minus payments for broadcast rights and Internet revenue. Broadcast cash flow is calculated by adding the Television and radio cash flow.

EBITDA is calculated as income (loss) from operations plus amortization of broadcast rights; depreciation and amortization; stock-based compensation; loss on disposal of property, plant and equipment, net; proxy related costs; and non-cash charges minus payments for broadcast rights; gain on sale of real estate, net; Plaza fire reimbursements, net; and amortization of non-cash benefit resulting from a change in national advertising representation firm.

Adjusted EBITDA excludes Fisher Plaza rent expense in the third quarter of 2012 and Plaza EBITDA in the third quarter of 2011. Plaza EBITDA is calculated as Plaza segment income (loss) from operations. Management believes this presentation of Adjusted EBITDA is useful to investors because it provides investors with a comparable measure given the impact of the disposition of Fisher Plaza.

For a reconciliation of these non-GAAP financial measurements to the GAAP financial results cited in this press release, please see the supplemental tables at the end of this release.

About Fisher Communications, Inc.
Fisher Communications, Inc. is a Seattle-based communications Company that owns and operates 13 full power television stations, 7 low power television stations, 3 owned radio stations and one managed radio station in the Western United States. The Company also owns and operates Fisher Interactive Network, its online division (including over 120 online sites) and Fisher Pathways, a satellite and fiber transmission provider.  For more information about Fisher Communications, Inc., go to www.fsci.com.

Forward-Looking Statements
This news release includes forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. Forward-looking statements include information preceded by, followed by, or that includes the words “guidance,” “believes,” “expects,” “intends,” “anticipates,” “could,” or similar expressions. For these statements, the Company claims the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this news release, including, among other things, statements related to changes in revenue, cash flow and operating expenses, involve risks and uncertainties and are subject to change based on various important factors, including the impact of changes in national and regional economies, the competitiveness of political races and voter initiatives, successful integration of acquired television stations (including achievement of synergies and cost reductions), pricing fluctuations in local and national advertising, future regulatory actions and conditions in the television stations’ operating areas, competition from others in the broadcast television markets served by the Company, volatility in programming costs, the effects of governmental regulation of broadcasting, industry consolidation, technological developments and major world news events. Unless required by law, we undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this news release might not occur. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this release. For more details on factors that could affect these expectations, please see the risk factors in our Annual Report on Form 10-K for the year ended December 31, 2011, which we have filed with the Securities and Exchange Commission.

Contacts:
Sard Verbinnen & Co
Ron Low or David Isaacs
(415) 618-8750

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1

Fisher Communications, Inc. and Subsidiaries
Condensed Consolidated Statements of Operations
(Unaudited)

2

Fisher Communications, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(Unaudited)

3

Fisher Communications, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flow
(Unaudited)

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Fisher Communications, Inc. and Subsidiaries
GAAP to Non-GAAP Reconciliations
(Unaudited, in thousands)

The following table provides a reconciliation of income (loss) from operations (GAAP) to EBITDA (non-GAAP) and Adjusted EBITDA (non-GAAP) in each of the periods presented:

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The following table provides a reconciliation of television income (loss) from operations (GAAP) to television broadcast cash flow (non-GAAP) in each of the periods presented:

The following table provides a reconciliation of radio income (loss) from operations (GAAP) to radio broadcast cash flow (non-GAAP) in each of the periods presented:

6

The following table provides television net revenue comparisons in each of the periods presented:

The following table provides radio net revenue comparisons in each of the periods presented:

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