(photo: Colleen Brown in better days)
FrontFour, the NY stockholder cabal trying to take over Fisher Broadcasting (KOMO radio & teevee, KVI, Star 101) responded vituperously to "set the record straight" after a nasty-gram the Fisher board sent Tuesday.
In a long press release, they wrote that Fisher's letter "... is full of misleading propaganda, half-truths and false claims about FrontFour that are self-serving and intended to entrench the Board and senior management."
Then they went straight for the throat of CEO Colleen Brown.
FrontFour is trying to put four of its own to make a majority on the Seattle broadcaster’s board of directors. Fisher says they'll sell the company, if given the chance. Fisher's probably correct.
We've often wondered how Colleen Brown has survived during the depressing decline of the company- she's had some dark days, this must be one of the darkest.
The high stakes shoot-out will happen at the stockholders' meeting May 11.
(photo: Fisher Plaza: a high-tech elephant of the white variety)
As critical as we are of Fisher, their bewildering business decisions, and nasty management, to lose this old local company to Wall Street sharks would be a Seattle tragedy.