1034669--3/14/2008--FISHER_COMMUNICATIONS

related topics

{capital, credit, financial}

{debt, indebtedness, cash}

{loan, real, estate}

{system, service, information}

{stock, price, share}

{control, financial, internal}

{personnel, key, retain}

{condition, economic, financial}

We have incurred losses in the past. We cannot assure you that we will be able to maintain profitability. Our operating results are dependent on the success of programming aired by our television and radio stations. Competition in the broadcasting industry and the rise of alternative entertainment and communications media may result in loss of audience share and advertising revenue by our stations. Because significant portions of our cost of services are relatively fixed, downturns in the economy harm our operations, revenue, cash flow and earnings. We may experience disruptions in our business if we sell or acquire and integrate new television or radio stations. Radio and television programming revenue may be negatively affected by the cancellation of syndication agreements. Our indebtedness could materially and adversely affect our business and prevent us from fulfilling our obligations under our 8.625% senior notes due 2014. The non-renewal or modification of affiliation agreements with major television networks could harm our operating results. Changes in FCC regulations regarding ownership have increased the uncertainty surrounding the competitive position of our stations in the markets we serve. The FCC s extensive regulation of the broadcasting industry limits our ability to own and operate television and radio stations and other media outlets. We will be required to make additional investments in HDTV technology, which could harm our ability to fund other operations or repay debt. We may lose audience share and advertising revenue if we are unable to reach agreement with cable and satellite companies regarding the retransmission of signals of our television stations. Dependence on key personnel may expose us to additional risks. A reduction on the periodic dividend on the common stock of Safeco Corporation may adversely affect our other income, cash flow and earnings. A reduction in the share price of Safeco Corporation may adversely affect our total assets and stockholders equity. Failure of our information technology systems would disrupt our operations, which could reduce our customer base and result in lost revenue. Our computer systems are vulnerable to viruses, unauthorized tampering, system failures and potential obsolescence. Our ownership and operation of Fisher Plaza is subject to risks, including those relating to the economic climate, local real estate conditions, potential inability to provide adequate management, maintenance and insurance, potential collection problems, reliance on significant tenants, and regulatory risks.

Full 10-K form ▸

1034669--3/14/2008--FISHER_COMMUNICATIONS_INC