Fisher Communications investor Gamco reports 21.22% ownership stake

By Lisa Kerner

Charlotte, N.C., June 1 - A group of Fisher Communications, Inc. shareholders led by Gamco Asset Management Inc. bought 65,891 shares of the company's stock between April 1 and May 29.

The shares were priced from $9.86 to $15.02 each, according to a schedule 13D/A filed on Monday with the Securities and Exchange Commission.

In March, Fisher agreed to nominate two people recommended by Gamco - David Lorber and Paul A. Bible - for election to its board of directors at the 2009 annual meeting.

In exchange, Gamco agreed to withdraw its slate of director nominees.

Gamco beneficially owns 1,856,395 shares, or 21.22%, of the Seattle-based television and radio station operator.

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