Exhibit 99.1

                    

GCI REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS

Net Loss of $9 million

Consolidated Revenue of $224 million

Pro Forma EBITDA of $75 million

August 2, 2017, Anchorage, Alaska - General Communication, Inc. (“GCI”) (NASDAQ: GNCMA) announces its results for the second quarter of 2017.

Liberty Interactive Transaction Update:

As previously announced, GCI and Liberty Interactive Corporation signed an agreement to combine GCI with certain assets of the Liberty Ventures Group. The following summarizes our progress on closing related requirements:

Financing: We have received consents from our bondholders waiving their change of control put right, and we have amended our Senior Credit Facility to allow for the transaction.

Hart-Scott-Rodino Review: On June 7, 2017, the Federal Trade Commission and Department of Justice announced early termination of the waiting period under the premerger notification rules.

Regulatory Approvals: We have made the required filings with each of the Federal Communications Commission ("FCC") and the Regulatory Commission of Alaska seeking approval of the transaction.

Shareholder vote: We have submitted our S-4 to the SEC this week for review.

The transaction is expected to be completed during the fourth quarter of 2017, subject to the satisfaction of customary closing conditions, including the regulatory and shareholder approvals.

Universal Services - Rural Health Care (RHC) Program Update

The RHC program provides funding for rural health care facilities to gain access to critical broadband connectivity at urban rates. For the fiscal year ending June 30, 2017, the requests for funding from the program exceeded the program cap of $400 million for the first time. The FCC then reduced by 7.5 percent the amount of the subsidy to users who did not file in the first application window. This reduction left some of our customers with significant and unexpected amounts due.

With the significantly higher cost of service in Alaska, the FCC recognized that this would be a real burden on rural health care providers in Alaska. On June 30, 2017 the FCC

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issued an order which would allow telecom providers to “forgive” the additional 7.5 percent payment which would have otherwise been payable, by retroactively resetting the rates for service. Under these specific circumstances, GCI is currently expecting to forgive these amounts for the fiscal year ending June 30, 2017. The impact of this decision is a one-time reduction of revenues and EBITDA of approximately $5 million in the second quarter. We are working with our rural health care provider partners and the FCC on alternative funding solutions for future years.

Operating and Financial Highlights

Our second quarter revenues were $224 million, a decline of $4 million sequentially and $9 million from the second quarter of 2016 driven by weakness in consumer wireless and video in addition to the RHC revenue reduction. Pro Forma EBITDA, which is Adjusted EBITDA plus $9 million of one-time Liberty transaction costs in the quarter, was $75 million. This is up $2 million from the previous quarter and $3 million year-over-year. Pro Forma EBITDA is up due to general operational efficiencies including savings achieved in procurement initiatives and our circuit costs.

As we mentioned in our first quarter call, we are focusing on operating efficiencies and cost savings as we expect muted revenue growth in the context of the Alaska recession. This quarter we had Pro Forma EBITDA margins of 33.4 percent compared to 30.6 percent in the second quarter of 2016 and 32.0 percent in the first quarter of 2017.

Consumer

Consumer revenues of $106 million in the second quarter were down $6 million or 5.5 percent year-over-year and down $1 million or 0.8 percent sequentially. Wireless revenues were down $4 million year-over-year with the declines coming equally from handset sales and ARPU declines. Additionally, our video subscribers were down 7.1 percent year-over-year. The recession in Alaska is a significant contributing factor in our subscriber headwinds.

Business

GCI Business revenues of $118 million in the second quarter are down $3 million or 2.7 percent year-over-year and $3 million or 2.4 percent sequentially. The decline is primarily due to the $5 million RHC adjustment mentioned earlier. GCI Business revenues increased $2 million or 1.8 percent year-over-year and $3 million or 2.1 percent sequentially after removing the impact of the RHC adjustment. Sales of data products led to the revenue increase in business, which was partially offset by a decline in voice.

SG&A

SG&A expenses were $96 million during the quarter. Excluding the one-time Liberty transaction costs of $9 million, expenses were down $1 million or 0.8 percent year-over-year and down $2 million or 2.3 percent sequentially.

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Capital Expenditures

Capital expenditures for the quarter totaled $43 million.

Leverage

After adding back the roaming adjustment and Liberty transaction costs, our net debt to trailing 12 months Adjusted EBITDA was 4.7x as of June 30, 2017.

2017 Guidance

We are narrowing our Pro Forma EBITDA guidance to be between $300 million and $315 million in 2017, excluding costs related to the Liberty transaction.

Capital expenditures are expected to be approximately $165 million in 2017.

Use of Non-GAAP Measure

Pro-Forma and Adjusted EBITDA are presented herein and are non-GAAP measures. See our attached financials for a reconciliation of these non-GAAP measures to the nearest GAAP measure.

Pro-Forma EBITDA guidance is a forward-looking non-GAAP financial measure presented herein. Reconciliation to the most directly comparable GAAP financial measure is not provided because we are unable to provide such reconciliation without unreasonable effort.  The inability to provide a reconciliation is due to the uncertainty and inherent difficulty regarding the occurrence, the financial impact and the periods with respect to recognition of future GAAP financial measures.  We also believe that such a reconciliation would imply an inappropriate degree of precision.  For the same reasons, we are unable to address the probable significance of the unavailable information.

Conference Call

The company will hold a conference call to discuss the financial results on Thursday, August 3, at 2:00 p.m. (Eastern). To access the call, call the conference operator between 1:45-2:00 p.m. (Eastern) at 844-850-0551 (International callers should dial +1-412-902-4197) 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 ir.gci.com and follow the instructions.

After appropriate filings have been made with the SEC, a rebroadcast of the briefing will be available by logging onto our investor relations site at www.gci.com.

Forward-Looking Statement Disclosure

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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 of Forms 10-K and 10-Q filed with the Securities and Exchange Commission.

About GCI

GCI is the largest communications provider in Alaska, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. Headquartered in Alaska, GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America. Learn more about GCI at www.gci.com.

Contact:

Media / Investors: Heather Handyside, 907.868.6838, hhandyside@gci.com

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands)
	June 30,				December 31,
ASSETS	2017				2016
Current assets:
Cash and cash equivalents	$	23,022			19,297
Receivables	208,118				184,296
Less allowance for doubtful receivables	3,788				4,407
Net receivables	204,330				179,889
Prepaid expenses	23,221				18,599
Inventories	10,837				11,945
Other current assets	167				167
Total current assets	261,577				229,897
Property and equipment	2,682,580				2,614,875
Less accumulated depreciation	1,538,272				1,452,957
Net property and equipment	1,144,308				1,161,918
Goodwill	242,110				239,263
Cable certificates	191,635				191,635
Wireless licenses	93,753				92,347
Other intangible assets, net of amortization	76,082				74,444
Other assets	75,120				76,435
Total other assets	678,700				674,124
Total assets	$	2,084,585			2,065,939

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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	2017				2016
Current liabilities:
Current maturities of obligations under long-term debt, capital leases, and tower obligation	$	13,703			13,229
Accounts payable	49,360				72,937
Deferred revenue	39,960				37,618
Accrued payroll and payroll related obligations	30,979				30,305
Accrued liabilities	15,147				14,729
Accrued interest (including $2,296 and $5,132 to a related party at June 30, 2017 and December 31, 2016, respectively)	11,461				13,926
Subscriber deposits	1,224				917
Total current liabilities	161,834				183,661
Long-term debt, net (including $57,642 and $56,640 to a related party at June 30, 2017 and December 31, 2016, respectively)	1,384,105				1,333,446
Obligations under capital leases, excluding current maturities (including $1,738 and $1,769 due to a related party at June 30, 2017 and December 31, 2016, respectively)	45,393				50,316
Deferred income taxes	136,473				137,982
Long-term deferred revenue	137,359				135,877
Tower obligation	90,990				87,653
Other liabilities (including $71,400 and $29,700 for derivative stock appreciation rights with a related party at June 30, 2017 and December 31, 2016, respectively)	126,820				83,756
Total liabilities	2,082,974				2,012,691
Commitments and contingencies
Stockholders’ equity:
Common stock (no par):
Class A. Authorized 100,000 shares; issued 33,082 and 32,668 shares at June 30, 2017 and December 31, 2016, respectively; outstanding 33,056 and 32,642 shares at June 30, 2017 and December 31, 2016, respectively	—				—
Class B. Authorized 10,000 shares; issued and outstanding 3,052 and 3,153 shares at June 30, 2017 and December 31, 2016, respectively; convertible on a share-per-share basis into Class A common stock	2,578				2,663
Less cost of 26 Class A common shares held in treasury at June 30, 2017 and December 31, 2016	(249		)		(249	)
Paid-in capital	11,686				3,237
Retained earnings (deficit)	(45,407		)		17,068
Total General Communication, Inc. stockholders' equity (deficit)	(31,392		)		22,719
Non-controlling interests	33,003				30,529
Total stockholders’ equity	1,611				53,248
Total liabilities and stockholders’ equity	$	2,084,585			2,065,939

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
	Three Months Ended							Six Months Ended
	June 30,							June 30,
(Amounts in thousands, except per share amounts)	2017				2016			2017			2016
Revenues	$	224,346			233,766			452,461			464,864
Cost of goods sold (exclusive of depreciation and amortization shown separately below)	68,329				78,141			137,603			154,432
Selling, general and administrative expenses	96,229				88,022			189,787			175,668
Depreciation and amortization expense	48,757				48,072			98,694			95,214
Operating income	11,031				19,531			26,377			39,550
Other income (expense):
Interest expense (including amortization of deferred loan fees)	(20,946		)		(19,362	)		(40,782	)		(38,533	)
Interest expense with related party	(1,915		)		(1,846	)		(3,792	)		(3,677	)
Derivative instrument unrealized income (loss) with related party	(38,790		)		6,510			(41,700	)		11,040
Other	645				587			1,272			1,089
Other expense, net	(61,006		)		(14,111	)		(85,002	)		(30,081	)
Income (loss) before income taxes	(49,975		)		5,420			(58,625	)		9,469
Income tax (expense) benefit	40,975				(2,122	)		(5,621	)		(5,189	)
Net income (loss)	(9,000		)		3,298			(64,246	)		4,280
Net loss attributable to non-controlling interests	(118		)		(117	)		(235	)		(234	)
Net income (loss) attributable to General Communication, Inc.	$	(8,882	)		3,415			(64,011	)		4,514
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share	$	(0.26	)		0.09			(1.86	)		0.12
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share	$	(0.26	)		0.09			(1.86	)		0.12
Diluted net loss attributable to General Communication, Inc. common stockholders per Class A common share	$	(0.26	)		(0.01	)		(1.86	)		(0.05	)
Diluted net loss attributable to General Communication, Inc. common stockholders per Class B common share	$	(0.26	)		(0.01	)		(1.86	)		(0.05	)
Common shares used to calculate Class A basic EPS	31,276				33,308			31,248			33,502
Common shares used to calculate Class A diluted EPS	34,354				37,100			34,364			37,427

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)	Second Quarter 2017				Second Quarter 2016			First Quarter 2017
Revenues
Wireless	$	66,695			71,848			65,462
Data	109,069				108,007			114,154
Video	29,731				31,645			29,061
Voice	18,851				22,266			19,438
Total	224,346				233,766			228,115
Cost of goods sold	68,329				78,141			69,274
Contribution	156,017				155,625			158,841
Less SG&A	(96,229		)		(88,022	)		(93,558	)
Plus share-based compensation	5,745				2,683			3,138
Plus imputed interest on financed devices	630				633			681
Plus accretion	437				442			490
Other	(533		)		179			(783	)
Adjusted EBITDA	66,067				71,540			68,809
Liberty transaction costs	8,943				—			4,208
Pro Forma EBITDA	$	75,010			71,540			73,017

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
	Six Months Ended
	June 30,
(Amounts in thousands)	2017				2016
Revenues
Wireless	$	132,157			140,108
Data	223,223				214,978
Video	58,792				65,054
Voice	38,289				44,724
Total	452,461				464,864
Cost of goods sold	137,603				154,432
Contribution	314,858				310,432
Less SG&A	(189,787		)		(175,668	)
Plus share-based compensation	8,883				5,010
Plus imputed interest on financed devices	1,311				1,234
Plus accretion	927				834
Other	(1,316		)		304
Adjusted EBITDA	134,876				142,146
Liberty transaction costs	13,151				—
Pro Forma EBITDA	$	148,027			142,146

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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,
		2017				2016			2017			2017			2016
Net income (loss)		$	(9,000	)		3,298			(55,246	)		(64,246	)		4,280
Income tax expense (benefit)		(40,975		)		2,122			46,596			5,621			5,189
Income (loss) before income taxes		(49,975		)		5,420			(8,650	)		(58,625	)		9,469
Other (income) expense:
Interest expense (including amortization of deferred loan fees)		20,946				19,362			19,836			40,782			38,533
Related party interest expense		1,915				1,846			1,877			3,792			3,677
Derivative instrument unrealized (income) loss with related party		38,790				(6,510	)		2,910			41,700			(11,040	)
Other		(645		)		(587	)		(627	)		(1,272	)		(1,089	)
Other expense, net		61,006				14,111			23,996			85,002			30,081
Operating income		11,031				19,531			15,346			26,377			39,550
Plus depreciation and amortization expense		48,757				48,072			49,937			98,694			95,214
Plus share-based compensation expense		5,745				2,683			3,138			8,883			5,010
Plus imputed interest on financed devices		630				633			681			1,311			1,234
Plus accretion expense		437				442			490			927			834
Other		(533		)		179			(783	)		(1,316	)		304
Adjusted EBITDA (Note 1)		66,067				71,540			68,809			134,876			142,146
Liberty transaction costs		8,943				—			4,208			13,151			—
Pro Forma EBITDA (Note 2)		$	75,010			71,540			73,017			148,027			142,146
Note:

(1) Earnings plus imputed interest on financed devices before:

•Net interest expense,

•Income taxes,

•Depreciation and amortization expense,

•Loss on extinguishment of debt,

•Derivative instrument unrealized income (loss),

•Share-based compensation expense,

•Accretion expense,

•Loss attributable to non-controlling interest resulting from NMTC transactions,

•Gains and impairment losses on equity and cost method investments, and

•Other non-cash adjustments.

(2) Adjusted EBITDA plus Liberty transaction costs.

Adjusted and Pro Forma EBITDA are 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 Adjusted EBITDA and Pro Forma EBITDA to evaluate the operating performance of its business, and as a measure of performance for incentive compensation purposes. GCI believes Adjusted EBITDA and Pro Forma EBITDA are useful to investors and other users of our financial information in understanding and evaluating operating performance as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected Adjusted EBITDA and Pro Forma EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA and Pro Forma EBITDA do not give effect to cash used for debt service requirements, and thus do not reflect funds available for investment or other discretionary uses. Adjusted EBITDA and Pro Forma EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies.

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL REVENUE SCHEDULES
(Unaudited)
(Amounts in thousands)
	Second Quarter 2017								Second Quarter 2016
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	40,115		26,580		66,695			44,145		27,703		71,848
Data	35,418			73,651		109,069			34,818		73,189		108,007
Video	24,937			4,794		29,731			26,813		4,832		31,645
Voice	5,910			12,941		18,851			6,764		15,502		22,266
Total	$	106,380		117,966		224,346			112,540		121,226		233,766
(Amounts in thousands)
	Second Quarter 2017								First Quarter 2017
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	40,115		26,580		66,695			40,100		25,362		65,462
Data	35,418			73,651		109,069			36,088		78,066		114,154
Video	24,937			4,794		29,731			24,939		4,122		29,061
Voice	5,910			12,941		18,851			6,061		13,377		19,438
Total	$	106,380		117,966		224,346			107,188		120,927		228,115
(Amounts in thousands)
	Six Months Ended June 30, 2017								Six Months Ended June 30, 2016
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	80,215		51,942		132,157			87,549		52,559		140,108
Data	71,506			151,717		223,223			69,778		145,200		214,978
Video	49,876			8,916		58,792			55,160		9,894		65,054
Voice	11,971			26,318		38,289			13,806		30,918		44,724
Total	$	213,568		238,893		452,461			226,293		238,571		464,864

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
									June 30, 2017					June 30, 2017
									as compared to					as compared to
		June 30,		June 30,		March 31,			June 30,		March 31,			June 30,		March 31,
		2017		2016		2017			2016		2017			2016		2017
Consumer
Data
	Cable modem subscribers1	128,100		130,100		130,900			(2,000	)	(2,800	)		(1.5	)%	(2.1	)%
Video
	Basic subscribers2	102,700		110,500		106,100			(7,800	)	(3,400	)		(7.1	)%	(3.2	)%
	Homes passed	251,200		249,500		250,800			1,700		400			0.7	%	0.2	%
Voice
	Local access lines in service3	51,700		54,300		52,700			(2,600	)	(1,000	)		(4.8	)%	(1.9	)%
Business
Data
	Cable modem subscribers1	10,000		9,900		9,900			100		100			1.0	%	1.0	%
Voice
	Local access lines in service3	40,200		41,400		40,300			(1,200	)	(100	)		(2.9	)%	(0.2	)%
Video
	Hotel and mini-headend subscribers	19,100		20,700		15,200			(1,600	)	3,900			(7.7	)%	25.7	%
	Basic subscribers2	1,300		1,500		1,300			(200	)	—			(13.3	)%	—	%
	Total basic subscribers	20,400		22,200		16,500			(1,800	)	3,900			(8.1	)%	23.6	%
Consumer and Business Combined
Wireless
	Consumer wireless lines in service4	201,200		203,900		198,600			(2,700	)	2,600			(1.3	)%	1.3	%
	Business wireless lines in service4	23,300		24,200		23,400			(900	)	(100	)		(3.7	)%	(0.4	)%
	Total wireless lines in service	224,500		228,100		222,000			(3,600	)	2,500			(1.6	)%	1.1	%
1  On January 1, 2017, we transferred 3,100 small business cable modem subscribers from Business to Consumer. We adjusted the previously reported subscriber numbers as of June 30, 2016 for the number of subscribers that were transferred on January 1, 2017.
2  On January 1, 2017, we transferred 500 small business basic subscribers from Business to Consumer. We adjusted the previously reported subscriber numbers as of June 30, 2016 for the number of subscribers that were transferred on January 1, 2017.
3  On January 1, 2017, we transferred 4,800 small business local access lines from Business to Consumer. We adjusted the previously reported subscriber numbers as of June 30, 2016 for the number of subscribers that were transferred on January 1, 2017.
4  On January 1, 2017, we transferred 3,700 small business wireless lines from Business to Consumer. We adjusted the previously reported subscriber numbers as of June 30, 2016 for the number of subscribers that were transferred on January 1, 2017.