FrontFour Capital's David Lorber led last year’s battle with the management at Fisher Communications, trying to get his four nominees elected to the board. He wound up with two, which wasn't enough for control. The company did make some important changes that he approved of: It sold its downtown Seattle Fisher Plaza for $160 million and otherwise trimmed up the balance sheet. Now Lorber says it’s time to leave, to focus on other investments at FrontFour. He says, “During my term, Fisher’s board has taken actions to improve the balance sheet and position the company for ongoing success and shareholder value creation.” FrontFour still maintains a presence on the Fisher board. The company is nominating Fidelity National Financial vice chairman Frank Willey to the board. FrontFour also backs the continued service of board member Matthew Goldfarb. Fisher owns radio stations in Seattle and TV properties there and elsewhere.
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