EXHIBIT 99.1

                         [LOGO OF FISHER COMMUNICATIONS]




FOR IMMEDIATE RELEASE

CONTACT:  Christopher G. Wheeler of Fisher Communications, Inc.  206-404-6784



              FISHER ANNOUNCES INTENTION TO SELL REAL ESTATE ASSETS

SEATTLE, WASHINGTON--November 7, 2001--Fisher Communications, Inc. (NASDAQ:FSCI)
announced today that it intends to sell the real estate assets held by its
subsidiary, Fisher Properties Inc., in order to focus exclusively on its
broadcasting and media businesses. Among the properties expected to be included
in the sale are Fisher Business Center (Lynnwood), West Lake Union Center
(Seattle), Fisher Industrial Park (Kent), Fisher Commerce Center (Kent), and
Fisher Industrial Technology Center (Auburn).

Fisher Plaza, the company's digital hub and communications community, will not
be included in the sale since it provides state-of-the-art infrastructure for
Fisher's communications and media enterprises. The first phase of the facility
was completed in mid-2000, and currently houses a variety of complementary
information technology providers and related ventures, as well as Fisher-owned
KOMO TV and media businesses. The second phase, which involves an adjacent
100,000 square foot high tech facility, is scheduled for completion in 2002.

In a meeting yesterday afternoon with Fisher Properties employees, Mark A. Weed,
President & CEO of Fisher Properties Inc. told those in attendance that "the
quality and operational expertise resident in our company and at our office and
industrial facilities could provide significant value to the portfolios of
potential buyers."

Fisher Communications President and CEO, William W. Krippaehne Jr., also present
at the meeting, noted that "this proposed transaction is part of the ongoing
restructuring of Fisher that includes a new company name reflecting our
concentration on communications and media, the recent sale of the flour milling
and food distribution businesses, a major reduction in expenses for 2002, and
substantial changes in organizational structure." Krippaehne added, "In the
final analysis, I believe our decision to sell these properties, though
wrenching, is appropriate and timely."



Fisher Communications, Inc. is a Seattle-based communications and media company
focused on creating, aggregating, and distributing information and entertainment
to a broad range of audiences. Its 12 network-affiliated television stations are
located in the Northwest and Southeast, and its 26 radio stations broadcast in
Washington, Oregon, and Montana. Other media operations include Fisher
Entertainment, a program production and distribution business, as well as Fisher
Pathways, a satellite and fiber transmission provider. Fisher also specializes
in the design and operation of innovative communications properties, of which
Fisher Plaza is the prime example.

                                      # # #

Some of the statements in this press release are forward-looking statements
within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all passages containing verbs such as `aims,
anticipates, believes, estimates, expects, hopes, intends, plans, predicts,
projects or targets' or nouns corresponding to such verbs. Forward-looking
statements also include any other passages that are primarily relevant to
expected future events or that can only be fully evaluated by events that will
occur in the future. Forward-looking statements in this release include, without
limitation, management's statements and expectations that the initiation of
major expense reductions will be reflected in 2002. There are many risks and
uncertainties that could cause actual results to differ materially from those
predicted in our forward-looking statements--including factors that could
prevent Fisher Communications, Inc. (the "Company," or "we") from selling all or
part of the properties it intends to sell and having the initiation of major
expense reductions reflected in 2002. Without limitation, these factors include
the following: The softening of the economy in the Seattle area could adversely
affect the Company's ability to sell all or a part of the properties intended
for sale on attractive terms or not at all. The Company might scale back or stop
entirely its expense reduction effort in light of other needs of the Company's
business operations. For example and without limitation, the Company might scale
back or stop entirely its expense reduction effort if (1) expense reductions
began to unacceptably degrade our product, particularly the quality of our
broadcasts or the quality of service we deliver to tenants in our real estate
operations; (2) expense reductions began to otherwise unacceptably injure our
ability to generate revenue (e.g., by losing key sales personnel); (3) expense
reductions unacceptably damaged employee morale; (4) reallocation of
responsibilities increased workloads to too great an extent; or (5) expense
reduction initiative itself may increase certain cost, such as (and these are
only examples and not meant to be exhaustive) severance agreements, the
resolution of any disagreements with employees, and any outsourcing that
management might decide is necessary or desirable. There are inherent
difficulties in achieving expense reductions in a largely fixed-cost industry
such as the communication and media sector. For example and without limitation,
there are certain operating expenses that the Company does not itself directly
control, such as the cost that the owners of syndicated programming charge for
that programming and the cost of electricity. Other factors that could cause
actual results to differ materially from those predicted in our forward-looking
statements are set out in the Company's reports filed with the SEC, including
its Annual Report on Form 10-K filed in March 14, 2001 and its Quarterly Report
on Form 10-Q for the second quarter of 2001, filed on August 12, 2001.