Item 1.02 Termination of a Material Definitive Agreement.

On December 19, 2008, Fisher Communications, Inc. (the "Company") terminated the Company's Credit Agreement, dated as of September 20, 2004, among the Company, certain of its affiliates, and Wachovia Bank, National Association (the "Credit Agreement"). The termination was effective December 19, 2008.

The Credit Agreement provided the Company with a six year senior revolving credit facility for Company borrowings up to $20 million in the aggregate. The Credit Agreement placed limitations on various aspects of the Company's business and operations, and amounts borrowed accrued interest at variable rates based at the Company's option on either: (i) the LIBOR rate plus a margin of 250 basis points, or (ii) the higher of the prime rate plus 175 basis points, or the overnight federal funds rate plus 225 basis points. There have been no amounts outstanding pursuant to the Credit Agreement since August 29, 2008, and no borrowings were outstanding as of the termination. The Company did not incur any early termination penalties, and as a result of the termination, all encumbrances under the Credit Agreement will be released. The Company continues to have sufficient liquidity to fund its anticipated working capital and operating activity needs through 2009.

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