Exhibit 99.1

                    

GCI REPORTS SECOND QUARTER 2014 FINANCIAL RESULTS

Consolidated Revenues of $224 million, Adjusted EBITDA of $84 million

August 6, 2014, Anchorage AK - General Communication, Inc. (“GCI”) (NASDAQ:GNCMA) today reported performance for the second quarter of 2014, with consolidated revenues of $224 million, adjusted EBITDA of $84 million, and net income of $8 million or $0.20 per share.

Consolidated revenues of $224 million increased four percent on a sequential basis and increased eighteen percent on a year-over-year basis. Adjusted EBITDA of $84 million represented a 13 percent increase on a sequential basis and a 36 percent increase on a year-over-year basis.

On a year to date basis, consolidated revenues were $441 million, representing a 17 percent increase over the same period in 2013. Adjusted EBITDA was $159 million, a 32 percent increase over the same period last year. Net income was $10 million or $0.25 per share, a 38 percent and a 39 percent increase over the same period last year, respectively.

“The first half of 2014 has been a period of solid performance, especially with wireless and data services,” said Ron Duncan, GCI president and chief executive officer. “As we look forward to the remainder of 2014, our challenge is to build on the success of the first half and continue to execute to plan.”

Important Notes

It should be noted that both Wireless and Wireline segment results are materially affected by The Alaska Wireless Network (“AWN”) transaction, which was effective July 23, 2013.

Operating Highlights

Wireless:

The Wireless segment, reflecting the results of AWN, posted revenues of $69 million, an 11 percent increase on a sequential basis, and a 95 percent increase on a year-over-year

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basis, reflecting the results of the AWN transaction. Wireless adjusted EBITDA for the period was $40 million, reflecting a six percent increase on a sequential basis and a 182 percent increase on a year-over-year basis. When the sequential growth is compared to a pro forma adjusted EBITDA, with a normalized effect of handset subsidies, as was reported last quarter, the normalized growth was 24 percent. This strong increase is a result of seasonal increases in roaming, as well as increased demand for backhaul services.

For the second quarter of 2014, the revenue detail was as follows:

($ millions)	2Q 2014	2Q 2013	1Q 2014
Wholesale Wireless	25	15	25
Roaming and Backhaul	30	13	25
USF Support	14	8	13
Total Wireless Revenue	69	36	63

Wireline:

The Wireline segment posted revenues of $155 million, a one percent increase on a sequential basis and on a year-over-year basis. Adjusted EBITDA for the segment was $44 million, representing a 20 percent increase on a sequential basis, and an eight percent decline on a year-over-year basis. When the sequential growth is normalized for handset subsidies, the growth was five percent. The year-over-year decline is due primarily to increases in Selling, General and Administrative expenses (SG&A), partially offset by the revenue increases discussed below. Within SG&A, the primary drivers of the increase are increased labor costs as well as increased health care costs.

Wireline - Consumer:

Consumer revenues for the second quarter of 2014 were $69 million, a slight decline on a sequential basis and a slight increase on a year-over-year basis. Growth in the revenues for the quarter has been driven by video set top boxes, data average revenue per subscriber (ARPU), and non-Lifeline wireless subscribers, but has been offset by seasonal losses overall in cable modem and video subscribers. Revenue was also lower due to a wireless

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promotion during the quarter that reduced activation fees received and credited newly activated customers $100.

Wireline - Business Services:

Business Services revenues for the second quarter of 2014 were $55 million, a five percent increase on a sequential basis and a three percent decline on a year-over-year basis. The sequential growth for the quarter in this customer segment has been driven by seasonal increases in hotel video and increased demand for data transport and storage. On a year-over-year basis, the reduction in revenue is largely attributable to lower Professional Services revenue, which were particularly strong in the second quarter of 2013.

Data revenues can be better understood by the following detail:

($ millions)	2Q 2014	2Q 2013	1Q 2014
Data Transport and Storage	25	22	24
Professional Services	11	17	11
Total Data Revenue	36	39	35

Wireline - Managed Broadband:

Managed Broadband revenues for the second quarter of 2014 were $31 million, a slight decline sequentially, and a seven percent increase on a year-over-year basis. The strong performance is attributable to continued demand in the School Access and Telehealth programs, as well as positive momentum in the regulated business.

Accomplishments and Milestones

•	GCI became the first Alaska carrier to provide a Lifeline service plan that includes data.

•	GCI’s premiere data service, re:D, had its speed increased to 200 Mbps, and was launched in two additional markets.

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•	On the video front, GCI strengthened its customer offerings with video on demand (VOD) launches in three new markets, and an expansion of fourteen new networks on GCI GO (TV Anywhere access).

•	Also on the video front, GCI is one of the first carriers in the U.S. to launch the Netflix app on TiVo.

•	On July 28th, the Company announced the acquisition of three CBS broadcast stations in Southeast Alaska, KXLJ in Juneau, KTNL in Sitka, and KUBD in Ketchikan. Through its subsidiary, Denali Media Holdings, the Company now owns CBS and NBC affiliates in Southeast Alaska and the CBS affiliate KTVA-TV in Anchorage.

Guidance

The Company previously provided guidance of annual consolidated revenues in the range of $910 million to $930 million, and adjusted EBITDA in the range of $285 million to $305 million. On a revenue perspective, the first half performance was weaker than expected, and the Company is revising the range downward to $880 million to $900 million. For earnings as measured by adjusted EBITDA, however, the strong performance in the first two quarters implies that the high end of the range is most likely.

With respect to capital expenditures, our cash expenditures for property and equipment have totaled $81 million year to date, which includes $19 million for the purchase of real estate, or $62 million in core cash capital expenditures. At this time, the Company is continuing its guidance for 2014 core cash capital expenditures of approximately $170 million.

The Company will hold a conference call to discuss the quarter’s results on Thursday, August 7th, at 2:00 p.m. (Eastern). To access the call, call the conference operator between 1:50-2:00 p.m. (Eastern) at 888-942-9537 (International callers should dial +1-517-308-9456) and identify your call as “GCI”. In addition to dial-up access, GCI will make available net conferencing. To access the call via net conference, log on to gci.com

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and follow the instructions. A replay of the call will be available for 72-hours by dialing 800-839-2291, access code 7461 (International callers should dial +1-402-998-1194).

About GCI

GCI is the largest Alaska-based and -operated, integrated telecommunications provider, offering voice, data, and video services statewide. Learn more about GCI at www.gci.com/about.

Forward Looking Statement Disclosure

The foregoing contains forward-looking statements regarding GCI’s expected results that are based on management’s expectations as well as on a number of assumptions concerning future events. Actual results might differ materially from those projected in the forward looking statements due to uncertainties and other factors, many of which are outside GCI’s control. Additional information concerning factors that could cause actual results to differ materially from those in the forward looking statements is contained in GCI’s cautionary statement sections on Forms 10-K and 10-Q filed with the Securities and Exchange Commission.

# # #

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands)
	June 30,				December 31,
ASSETS	2014				2013
Current assets:
Cash and cash equivalents	$	82,329			44,971
Receivables (including $33,200 and $28,000 from a related party at June 30, 2014 and December 31, 2013, respectively)	203,550				228,372
Less allowance for doubtful receivables	3,052				2,346
Net receivables	200,498				226,026
Deferred income taxes	44,600				39,753
Prepaid expenses	12,713				7,725
Inventories	8,377				10,347
Other current assets	166				230
Total current assets	348,683				329,052
Property and equipment in service, net of depreciation	985,260				969,578
Construction in progress	89,351				87,476
Net property and equipment	1,074,611				1,057,054
Goodwill	229,043				219,041
Cable certificates	191,635				191,635
Wireless licenses	86,347				91,400
Other intangible assets, net of amortization	64,526				71,435
Deferred loan and senior notes costs, net of amortization of $7,607 and $6,545 at June 30, 2014 and December 31, 2013, respectively	11,341				12,129
Other assets	54,958				40,061
Total other assets	637,850				625,701
Total assets	$	2,061,144			2,011,807

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Continued)
(Amounts in thousands)
	June 30,				December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY	2014				2013
Current liabilities:
Current maturities of obligations under long-term debt and     capital leases	$	10,681			9,301
Accounts payable (including $10,900 and $11,200 to a related party at June 30, 2014 and December 31, 2013, respectively)	57,138				65,095
Deferred revenue	30,946				27,586
Accrued payroll and payroll related obligations	25,516				29,855
Accrued liabilities	16,995				14,359
Accrued interest	6,704				7,088
Subscriber deposits	1,138				1,326
Total current liabilities	149,118				154,610
Long-term debt, net	1,082,990				1,045,144
Obligations under capital leases, excluding current maturities	70,609				66,261
Obligation under capital lease due to related party, excluding   current maturity	1,870				1,880
Deferred income taxes	166,665				161,476
Long-term deferred revenue	86,552				88,259
Other liabilities	37,879				36,823
Total liabilities	1,595,683				1,554,453
Commitments and contingencies
Stockholders’ equity:
Common stock (no par):
Class A. Authorized 100,000 shares; issued 38,455 and 37,299 shares at June 30, 2014 and December 31, 2013, respectively; outstanding 38,429 and 37,209 shares at June 30, 2014 and December 31, 2013, respectively	12,801				11,467
Class B. Authorized 10,000 shares; issued and outstanding 3,162 and 3,165 shares at June 30, 2014 and December 31, 2013, respectively; convertible on a share-per-share basis into Class A common stock	2,670				2,673
Less cost of 26 and 90 Class A common shares held in treasury at June 30, 2014 and December 31, 2013, respectively	(249		)		(866	)
Paid-in capital	29,260				26,880
Retained earnings	127,266				116,990
Total General Communication, Inc. stockholders' equity	171,748				157,144
Non-controlling interests	293,713				300,210
Total stockholders’ equity	465,461				457,354
Total liabilities and stockholders’ equity	$	2,061,144			2,011,807

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED INCOME STATEMENTS
(Unaudited)
	Three Months Ended							Six Months Ended
	June 30,							June 30,
(Amounts in thousands, except per share amounts)	2014				2013			2014			2013
Revenues:
Non-related party	$	210,236			189,661			410,739			375,877
Related party	14,163				—			29,943			—
Total revenues	224,399				189,661			440,682			375,877
Cost of goods sold (exclusive of depreciation and amortization shown separately below):
Non-related party	69,707				65,699			138,850			130,309
Related party	2,675				—			5,306			—
Total cost of goods sold	72,382				65,699			144,156			130,309
Selling, general and administrative expenses:
Non-related party	68,685				63,871			139,427			128,418
Related party	1,132				—			2,282			—
Total selling, general and administrative expenses	69,817				63,871			141,709			128,418
Depreciation and amortization expense	43,786				34,396			86,138			68,395
Operating income	38,414				25,695			68,679			48,755
Other expense:
Interest expense (including amortization of deferred loan fees)	(18,170		)		(17,527	)		(36,381	)		(34,431	)
Other	(1,049		)		53			(1,146	)		53
Other expense	(19,219		)		(17,474	)		(37,527	)		(34,378	)
Income before income tax expense	19,195				8,221			31,152			14,377
Income tax expense	(127		)		(4,158	)		(342	)		(7,187	)
Net income	19,068				4,063			30,810			7,190
Net income (loss) attributable to non-controlling interests	10,913				(117	)		20,534			(234	)
Net income attributable to General Communication, Inc.	$	8,155			4,180			10,276			7,424
Basic net income attributable to General Communication, Inc. common stockholders per Class A common share	$	0.20			0.10			0.25			0.18
Basic net income attributable to General Communication, Inc. common stockholders per Class B common share	$	0.20			0.10			0.25			0.18
Diluted net income attributable to General Communication, Inc. common stockholders per Class A common share	$	0.20			0.10			0.25			0.18
Diluted net income attributable to General Communication, Inc. common stockholders per Class B common share	$	0.20			0.10			0.25			0.18
Common shares used to calculate Class A basic EPS	38,383				37,979			38,186			38,117
Common shares used to calculate Class A diluted EPS	41,693				41,365			41,495			41,542

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
	Second Quarter 2014								Second Quarter 2013
	Wireless			Wireline					Wireless		Wireline
	Segment			Segment		Total			Segment		Segment		Total
Revenues
Wireless	$	69,397		7,149		76,546			35,559		7,944		43,503
Data	—			88,475		88,475			—		87,177		87,177
Video	—			34,478		34,478			—		31,207		31,207
Voice	—			24,900		24,900			—		27,774		27,774
Total	69,397			155,002		224,399			35,559		154,102		189,661
Cost of goods sold	23,500			48,882		72,382			16,573		49,126		65,699
Contribution	45,897			106,120		152,017			18,986		104,976		123,962
Less SG&A	5,894			63,923		69,817			4,652		59,219		63,871
Less (plus) other expense	—			1,052		1,052			—		(49	)	(49	)
EBITDA	40,003			41,145		81,148			14,334		45,806		60,140
Share-based compensation	—			2,193		2,193			(104	)	1,751		1,647
Accretion	171			130		301			43		112		155
Other	—			829		829			—		197		197
Adjusted EBITDA	$	40,174		44,297		84,471			14,273		47,866		62,139

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
	Second Quarter 2014								First Quarter 2014
	Wireless			Wireline					Wireless		Wireline
	Segment			Segment		Total			Segment		Segment		Total
Revenues
Wireless	$	69,397		7,149		76,546			62,517		8,236		70,753
Data	—			88,475		88,475			—		87,613		87,613
Video	—			34,478		34,478			—		32,401		32,401
Voice	—			24,900		24,900			—		25,516		25,516
Total	69,397			155,002		224,399			62,517		153,766		216,283
Cost of goods sold	23,500			48,882		72,382			18,713		53,061		71,774
Contribution	45,897			106,120		152,017			43,804		100,705		144,509
Less SG&A	5,894			63,923		69,817			5,958		65,934		71,892
Less other expense	—			1,052		1,052			—		97		97
EBITDA	40,003			41,145		81,148			37,846		34,674		72,520
Share-based compensation	—			2,193		2,193			—		1,778		1,778
Accretion	171			130		301			176		125		301
Other	—			829		829			—		198		198
Adjusted EBITDA	$	40,174		44,297		84,471			38,022		36,775		74,797

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
	Six Months Ended June 30, 2014								Six Months Ended June 30, 2013
	Wireless			Wireline					Wireless		Wireline
	Segment			Segment		Total			Segment		Segment		Total
Revenues
Wireless	$	131,914		15,385		147,299			69,396		15,169		84,565
Data	—			176,088		176,088			—		174,049		174,049
Video	—			66,879		66,879			—		62,293		62,293
Voice	—			50,416		50,416			—		54,970		54,970
Total	131,914			308,768		440,682			69,396		306,481		375,877
Cost of goods sold	42,213			101,943		144,156			30,985		99,324		130,309
Contribution	89,701			206,825		296,526			38,411		207,157		245,568
Less SG&A	11,852			129,857		141,709			9,069		119,349		128,418
Less other expense	—			1,149		1,149			—		(53	)	(53	)
EBITDA	77,849			75,819		153,668			29,342		87,861		117,203
Share-based compensation	—			3,971		3,971			—		2,906		2,906
Accretion	347			255		602			120		162		282
Other	—			1,027		1,027			—		397		397
Adjusted EBITDA	$	78,196		81,072		159,268			29,462		91,326		120,788

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
WIRELINE SEGMENT SUPPLEMENTAL REVENUE SCHEDULES
(Unaudited)
(Amounts in thousands)
	Second Quarter 2014										Second Quarter 2013
				Business		Managed							Business		Managed
	Consumer			Services		Broadband		Total			Consumer		Services		Broadband		Total
Revenues
Wireless	$	6,360		789		—		7,149			7,180		764		—		7,944
Data	27,313			35,554		25,608		88,475			24,413		39,394		23,370		87,177
Video	26,871			7,607		—		34,478			27,740		3,467		—		31,207
Voice	8,279			11,359		5,262		24,900			9,141		13,253		5,380		27,774
Total	$	68,823		55,309		30,870		155,002			68,474		56,878		28,750		154,102
(Amounts in thousands)
	Second Quarter 2014										First Quarter 2014
				Business		Managed							Business		Managed
	Consumer			Services		Broadband		Total			Consumer		Services		Broadband		Total
Revenues
Wireless	$	6,360		789		—		7,149			7,491		745		—		8,236
Data	27,313			35,554		25,608		88,475			26,944		34,840		25,829		87,613
Video	26,871			7,607		—		34,478			27,249		5,152		—		32,401
Voice	8,279			11,359		5,262		24,900			8,445		11,741		5,330		25,516
Total	$	68,823		55,309		30,870		155,002			70,129		52,478		31,159		153,766
(Amounts in thousands)
	Six Months Ended June 30, 2014										Six Months Ended June 30, 2013
				Business		Managed							Business		Managed
	Consumer			Services		Broadband		Total			Consumer		Services		Broadband		Total
Revenues
Wireless	$	13,851		1,534		—		15,385			13,726		1,443		—		15,169
Data	54,257			70,394		51,437		176,088			48,469		79,530		46,050		174,049
Video	54,120			12,759		—		66,879			55,701		6,592		—		62,293
Voice	16,724			23,100		10,592		50,416			18,671		25,580		10,719		54,970
Total	$	138,952		107,787		62,029		308,768			136,567		113,145		56,769		306,481

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
									June 30, 2014					June 30, 2014
									as compared to					as compared to
		June 30,		June 30,		March 31,			June 30,		March 31,			June 30,		March 31,
		2014		2013		2014			2013		2014			2013		2014
Wireline Segment
Consumer
Data
	Cable modem subscribers	115,600		115,600		116,400			—		(800	)		—	%	(0.7	)%
Video
	Basic subscribers	116,300		119,600		118,000			(3,300	)	(1,700	)		(2.8	)%	(1.4	)%
	Digital programming tier subscribers	65,200		69,500		66,900			(4,300	)	(1,700	)		(6.2	)%	(2.5	)%
	HD/DVR converter boxes	103,400		89,900		101,200			13,500		2,200			15.0	%	2.2	%
	Homes passed	248,000		245,100		248,000			2,900		—			1.2	%	—	%
Voice
	Local access lines in service	57,700		65,200		59,800			(7,500	)	(2,100	)		(11.5	)%	(3.5	)%
	Local access lines in service on GCI facilities	53,800		60,800		55,700			(7,000	)	(1,900	)		(11.5	)%	(3.4	)%
Business Services
Data
	Cable modem subscribers	14,200		14,100		14,000			100		200			0.7	%	1.4	%
Video
	Hotels and mini-headend subscribers	20,600		20,800		17,000			(200	)	3,600			(1.0	)%	21.2	%
	Basic subscribers	2,000		2,000		2,000			—		—			—	%	—	%
	Total basic subscribers	22,600		22,800		19,000			(200	)	3,600			-0.9	%	18.9	%
Voice
	Local access lines in service	48,200		50,500		48,500			(2,300	)	(300	)		(4.6	)%	(0.6	)%
	Local access lines in service on GCI facilities	35,000		35,600		35,000			(600	)	—			(1.7	)%	—	%
Consumer and Business Services Combined
Wireless
	Consumer Lifeline lines in service	28,200		32,600		29,500			(4,400	)	(1,300	)		(13.5	)%	(4.4	)%
	Consumer Non-Lifeline lines in service	96,700		92,800		94,400			3,900		2,300			4.2	%	2.4	%
	Business Services Non-Lifeline lines in service	18,500		17,500		18,500			1,000		—			5.7	%	—	%
	Total wireless lines in service	143,400		142,900		142,400			500		1,000			0.3	%	0.7	%

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
												June 30, 2014							June 30, 2014
		Three Months Ended										as compared to							as compared to
		June 30,			June 30,			March 31,				June 30,			March 31,				June 30,		March 31,
		2014			2013			2014				2013			2014				2013		2014
Wireline segment
Consumer
Video
	Average monthly revenue per subscriber	$	76.49		$	76.47		$	76.98			$	0.02		$	(0.49	)		—	%	(0.6	)%
Combined Consumer and Business Services
Data
	Average monthly revenue per cable modem subscriber	$	76.83		$	68.25		$	75.93			$	8.58		$	0.90			12.6	%	1.2	%
Wireless
	Average monthly revenue per subscriber	$	49.95		$	49.99		$	51.48			$	(0.04	)	$	(1.53	)		(0.1	)%	(3.0	)%

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General Communication, Inc.
Non-GAAP Financial Reconciliation Schedule
(Unaudited, Amounts in Thousands)
		Three Months Ended										Six Months Ended
		June 30,				June 30,			March 31,			June 30,			June 30,
		2014				2013			2014			2014			2013
Net income		$	19,068			4,063			11,742			30,810			7,190
Income tax expense		127				4,158			215			342			7,187
Income before income tax expense		19,195				8,221			11,957			31,152			14,377
Other expense:
Interest expense (including amortization of deferred loan fees)		18,170				17,527			18,211			36,381			34,431
Other		1,049				(53	)		97			1,146			(53	)
Other expense		19,219				17,474			18,308			37,527			34,378
Operating income		38,414				25,695			30,265			68,679			48,755
Depreciation and amortization expense		43,786				34,396			42,352			86,138			68,395
Other		(1,052		)		49			(97	)		(1,149	)		53
EBITDA (Note 2)		81,148				60,140			72,520			153,668			117,203
Share-based compensation		2,193				1,647			1,778			3,971			2,906
Accretion		301				155			301			602			282
Other		829				197			198			1,027			397
Adjusted EBITDA (Note 1)		$	84,471			62,139			74,797			159,268			120,788
Notes:
(1) EBITDA (as defined in Note 2 below) before deducting share-based compensation, accretion expense, net income or loss attributable to non-controlling interests resulting from New Markets Tax Credit transactions, non-cash contribution adjustment, and other non-cash adjustments.
(2) Earnings Before Interest, Taxes, Depreciation and Amortization is the sum of Net Income, Interest Expense (including Amortization of Deferred Loan Fees), Interest Income, Income Tax Expense, and Depreciation and Amortization Expense. EBITDA is not presented as an alternative measure of net income, operating income or cash flow from operations, as determined in accordance with accounting principles generally accepted in the United States of America. GCI's management uses EBITDA to evaluate the operating performance of its business, and as a measure of performance for incentive compensation purposes. GCI believes EBITDA is a measure used as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected EBITDA are used to estimate current or prospective enterprise value. EBITDA does not give effect to cash used for debt service requirements, and thus does not reflect funds available for investment or other discretionary uses. EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies.