Fisher Communications investor Gamco reports 22.26% ownership stake

By Lisa Kerner

Charlotte, N.C., June 23 - A group of Fisher Communications, Inc. shareholders led by Gamco Asset Management Inc. bought 91,400 shares of the company's stock between June 1 and June 22.

The shares were priced from $10.72 to $14.44 each, according to a schedule 13D/A filed on Tuesday with the Securities and Exchange Commission.

Between April 1 and May 29, Gamco bought 65,891 shares for a 21.22% stake.

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 1,947,895 shares, or 22.26%, of the Seattle-based television and radio station operator.

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