EXHIBIT 99.1

FOR IMMEDIATE RELEASE


Contact:   Christopher G. Wheeler of Fisher Companies Inc., 206-224-6784


            FISHER COMPANIES ANNOUNCES AGREEMENT TO SELL KJEO-TV,
                         FRESNO TO THE ACKERLEY GROUP



SEATTLE, WASHINGTON--May 8, 2000--Fisher Companies Inc. (FSCI) has signed an
agreement to sell KJEO-TV, Fresno, CA to The Ackerley Group for $60 million,
subject to FCC and Hart Scott Rodino Act approval. Completion of the sale is
expected to occur by the end of third quarter, 2000. Credit Suisse First Boston
acted as financial adviser to the company.

Net proceeds from the sale will be used to reduce debt. The sale is anticipated
to be accretive to earnings next year, as the savings in interest expense will
be greater than the station's projected net income.

"While we consider Fresno to be a solid market, it was marginal for us
geographically, and The Ackerley Group offer was compelling," said Fisher
President and CEO, William W. Krippaehne, Jr. "We remain focused on
opportunities for our communications and media businesses that fit our strengths
and long-term strategies."

Fisher Companies currently owns and operates 13 network-affiliated television
stations and 26 radio stations. Fisher Plaza, a new state-of-the-art
connectivity hub located in Seattle, has begun to serve a rapidly growing
communications community of information enterprises. Anchor members include
Fisher-owned KOMO TV and InterNAP Network Services Corporation. Local, regional,
national, and international content providers, as well as long-haul fiber
carriers, local service providers, cable networks, and Fisher's satellite and
fiber transmission services will be moving into the facility during the
remainder of 2000.

This release includes forward-looking statements that are subject to certain
risks and uncertainties, including those discussed in the Form 10-K filed with
the SEC by Fisher Companies Inc. for the year ended December 31, 1999, that
could cause actual results to differ materially from those projected.