Gamco to withhold support at Fisher Communications' annual meeting

By Lisa Kerner

Charlotte, N.C., April 7 - Gamco Investors, Inc. said it plans to vote against Fisher Communications Inc.'s proposed incentive plan and withhold voting authority on the company's directors at the company's annual meeting on April 30.

On April 4, Gamco accounts Gamco Asset Management Inc. and Gabelli Funds, LLC reported a 17.91% stake in Fisher, according to a schedule 13D filing with the Securities and Exchange Commission.

In November, Gamco Investors submitted a proposal for inclusion at Fisher Communications' 2008 annual meeting in order to change the company's bylaws. As previously reported, the proposal would require shareholder approval in order for Fisher Communications to engage in a transaction in which the company would pay more than $25 million.

Seattle-based Fisher Communications owns television and radio stations.

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