Fisher Communications, Inc. (FSCI) Thursday reported fourth-quarter net income of $33.1 million or $3.71 per share, compared to $8.3 million or $0.93 per share last year.
The company sold Fisher Plaza in Seattle, Washington, for gross proceeds of $160 million and recorded a pre-tax gain of $40.5 million in the quarter.
Adjusted net income, excluding the after tax impact on the sale of Fisher Plaza, was $6.4 million or $0.72 per share. There was no adjustments in the prior-year quarter.
Revenue for the quarter declined 19 percent to $46.4 million from $57.2 million last year. Net TV revenues increased 9 percent while radio net revenues declined 18 percent from last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.