Exhibit 99.1

                    

GCI REPORTS THIRD QUARTER 2017 FINANCIAL RESULTS

Net Loss of $9 million

Consolidated Revenue of $231 million

Pro Forma EBITDA of $81 million

November 1, 2017, Anchorage, Alaska - General Communication, Inc. (“GCI”) (NASDAQ: GNCMA) announces its results for the third 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 outstanding closing related requirements:

Regulatory Approvals: As previously reported, 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 are responding to additional requests from the SEC on the S-4.

We are now expecting to close the transaction in the first quarter of 2018 rather than the fourth quarter of 2017, subject to the satisfaction of customary closing conditions, including the regulatory and shareholder approvals.

Operating and Financial Highlights

Our third quarter revenues were $231 million, an increase of $7 million sequentially and a $5 million decrease from the third quarter of 2016. The year-over-year decline was due largely to a $5 million decline in wireless equipment revenue. Pro Forma EBITDA, which is Adjusted EBITDA plus $2 million of one-time Liberty transaction costs in the quarter, was $81 million. This is up $6 million from the previous quarter and $3 million year-over-year.

As we have stated previously, 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 34.9 percent compared to 33.0 percent in the third quarter of 2016 and 33.4 percent in the second quarter of 2017.

Consumer

Consumer revenues of $110 million in the third quarter were up $4 million or 3.5 percent sequentially and down $5 million or 4.1 percent year-over-year. Wireless revenues were down $5 million year-over-year with the declines primarily from handset sales. During the

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quarter we experienced subscriber declines of 1,900 cable modems, 2,300 video subscribers and 300 wireless subscribers. The recession in Alaska is a significant contributing factor in our subscriber headwinds. However, we also completed our rate plan simplification project effective September 30, 2017. This was an important project to complete as we move to our new billing system in 2018 although it did result in elevated customer churn throughout the process.

Business

GCI Business revenues of $121 million in the third quarter were up $3 million or 2.6 percent sequentially and down $1 million or 0.6 percent year-over-year. The year-over-year decline is due to declines in voice revenues. On a sequential basis, second quarter revenue was affected by a $5 million reduction from the Universal Services Rural Health Care adjustment. Excluding this adjustment, third quarter sequential revenues would have declined $2 million due to lower time and materials revenue.

SG&A

SG&A expenses were $91 million during the quarter. Excluding the one-time Liberty transaction costs of $2 million, expenses were level year-over-year and up $2 million or 2.0 percent sequentially.

Capital Expenditures

On a year to date basis we have made $120 million of capital expenditures excluding capitalized interest.

Leverage

After adding back the roaming adjustment and Liberty transaction costs, our net debt to trailing 12 months Adjusted EBITDA was 4.6x as of September 30, 2017.

2017 Guidance

We are affirming 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.

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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, November 2, 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

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)
	September 30,				December 31,
ASSETS	2017				2016
Current assets:
Cash and cash equivalents	$	19,203			19,297
Receivables	183,785				184,296
Less allowance for doubtful receivables	4,282				4,407
Net receivables	179,503				179,889
Prepaid expenses	23,162				18,599
Inventories	9,394				11,945
Other current assets	62				167
Total current assets	231,324				229,897
Property and equipment	2,714,782				2,614,875
Less accumulated depreciation	1,561,039				1,452,957
Net property and equipment	1,153,743				1,161,918
Goodwill	242,264				239,263
Cable certificates	191,635				191,635
Wireless licenses	93,753				92,347
Other intangible assets, net of amortization	74,371				74,444
Other assets	76,200				76,435
Total other assets	678,223				674,124
Total assets	$	2,063,290			2,065,939

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Continued)
(Amounts in thousands)
	September 30,				December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY (DEFICIT)	2017				2016
Current liabilities:
Current maturities of obligations under long-term debt, capital leases, and tower obligation	$	13,756			13,229
Accounts payable	58,288				72,937
Deferred revenue	41,348				37,618
Accrued payroll and payroll related obligations	31,460				30,305
Accrued interest (including $3,714 and $5,132 to a related party at September 30, 2017 and December 31, 2016, respectively)	25,968				13,926
Accrued liabilities	13,988				14,729
Subscriber deposits	1,239				917
Total current liabilities	186,047				183,661
Long-term debt, net (including $58,177 and $56,640 to a related party at September 30, 2017 and December 31, 2016, respectively)	1,333,485				1,333,446
Obligations under capital leases, excluding current maturities (including $1,721 and $1,769 due to a related party at September 30, 2017 and December 31, 2016, respectively)	42,864				50,316
Deferred income taxes	133,610				137,982
Long-term deferred revenue	136,722				135,877
Tower obligation	93,842				87,653
Derivative stock appreciation rights with related party	83,670				29,700
Other liabilities	55,741				54,056
Total liabilities	2,065,981				2,012,691
Commitments and contingencies
Stockholders’ equity (deficit):
Common stock (no par):
Class A. Authorized 100,000 shares; issued 33,072 and 32,668 shares at September 30, 2017 and December 31, 2016, respectively; outstanding 33,046 and 32,642 shares at September 30, 2017 and December 31, 2016, respectively	—				—
Class B. Authorized 10,000 shares; issued and outstanding 3,052 and 3,153 shares at September 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 September 30, 2017 and December 31, 2016	(249		)		(249	)
Paid-in capital	16,512				3,237
Retained earnings (deficit)	(54,417		)		17,068
Total General Communication, Inc. stockholders' equity (deficit)	(35,576		)		22,719
Non-controlling interests	32,885				30,529
Total stockholders’ equity (deficit)	(2,691		)		53,248
Total liabilities and stockholders’ equity (deficit)	$	2,063,290			2,065,939

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
	Three Months Ended							Nine Months Ended
	September 30,							September 30,
(Amounts in thousands, except per share amounts)	2017				2016			2017			2016
Revenues	$	231,214			236,655			683,675			701,519
Cost of goods sold (exclusive of depreciation and amortization shown separately below)	67,496				73,494			205,099			227,926
Selling, general and administrative expenses	90,691				88,974			280,478			264,642
Depreciation and amortization expense	48,853				47,819			147,547			143,033
Operating income	24,174				26,368			50,551			65,918
Other income (expense):
Interest expense (including amortization of deferred loan fees)	(21,595		)		(19,666	)		(62,377	)		(58,199	)
Interest expense with related party	(1,953		)		(1,881	)		(5,745	)		(5,558	)
Derivative instrument unrealized income (loss) with related party	(12,270		)		4,800			(53,970	)		15,840
Other	(69		)		613			1,203			1,702
Other expense, net	(35,887		)		(16,134	)		(120,889	)		(46,215	)
Income (loss) before income taxes	(11,713		)		10,234			(70,338	)		19,703
Income tax (expense) benefit	2,864				(2,407	)		(2,757	)		(7,596	)
Net income (loss)	(8,849		)		7,827			(73,095	)		12,107
Net loss attributable to non-controlling interests	(118		)		(116	)		(353	)		(350	)
Net income (loss) attributable to General Communication, Inc.	$	(8,731	)		7,943			(72,742	)		12,457
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share	$	(0.25	)		0.21			(2.12	)		0.33
Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share	$	(0.25	)		0.21			(2.12	)		0.33
Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share	$	(0.25	)		0.14			(2.12	)		0.08
Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share	$	(0.25	)		0.14			(2.12	)		0.08
Common shares used to calculate Class A basic EPS	31,374				32,033			31,291			33,008
Common shares used to calculate Class A diluted EPS	34,426				35,478			34,385			36,793

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)	Third Quarter 2017				Third Quarter 2016			Second Quarter 2017
Revenues
Wireless	$	69,452			74,398			66,695
Data	113,845				110,032			109,069
Video	29,355				30,770			29,731
Voice	18,562				21,455			18,851
Total	231,214				236,655			224,346
Cost of goods sold	67,496				73,494			68,329
Contribution	163,718				163,161			156,017
Less SG&A	(90,691		)		(88,974	)		(96,229	)
Plus share-based compensation	4,858				2,810			5,745
Plus imputed interest on financed devices	608				651			630
Plus accretion	425				406			437
Other	227				131			(533	)
Adjusted EBITDA	79,145				78,185			66,067
Liberty transaction costs	1,620				—			8,943
Pro Forma EBITDA	$	80,765			78,185			75,010

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
	Nine Months Ended
	September 30,
(Amounts in thousands)	2017				2016
Revenues
Wireless	$	201,609			214,506
Data	337,068				325,010
Video	88,147				95,824
Voice	56,851				66,179
Total	683,675				701,519
Cost of goods sold	205,099				227,926
Contribution	478,576				473,593
Less SG&A	(280,478		)		(264,642	)
Plus share-based compensation	13,741				7,820
Plus imputed interest on financed devices	1,919				1,885
Plus accretion	1,352				1,240
Other	(1,089		)		435
Adjusted EBITDA	214,021				220,331
Liberty transaction costs	14,771				—
Pro Forma EBITDA	$	228,792			220,331

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General Communication, Inc.
Non-GAAP Financial Reconciliation Schedule
(Unaudited, Amounts in Thousands)
		Three Months Ended										Nine Months Ended
		September 30,				September 30,			June 30,			September 30,			September 30,
		2017				2016			2017			2017			2016
Net income (loss)		$	(8,849	)		7,827			(9,000	)		(73,095	)		12,107
Income tax expense (benefit)		(2,864		)		2,407			(40,975	)		2,757			7,596
Income (loss) before income taxes		(11,713		)		10,234			(49,975	)		(70,338	)		19,703
Other (income) expense:
Interest expense (including amortization of deferred loan fees)		21,595				19,666			20,946			62,377			58,199
Related party interest expense		1,953				1,881			1,915			5,745			5,558
Derivative instrument unrealized (income) loss with related party		12,270				(4,800	)		38,790			53,970			(15,840	)
Other		69				(613	)		(645	)		(1,203	)		(1,702	)
Other expense, net		35,887				16,134			61,006			120,889			46,215
Operating income		24,174				26,368			11,031			50,551			65,918
Plus depreciation and amortization expense		48,853				47,819			48,757			147,547			143,033
Plus share-based compensation expense		4,858				2,810			5,745			13,741			7,820
Plus imputed interest on financed devices		608				651			630			1,919			1,885
Plus accretion expense		425				406			437			1,352			1,240
Other		227				131			(533	)		(1,089	)		435
Adjusted EBITDA (Note 1)		79,145				78,185			66,067			214,021			220,331
Liberty transaction costs		1,620				—			8,943			14,771			—
Pro Forma EBITDA (Note 2)		$	80,765			78,185			75,010			228,792			220,331
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)
	Third Quarter 2017								Third Quarter 2016
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	42,224		27,228		69,452			46,900		27,498		74,398
Data	36,991			76,854		113,845			35,255		74,777		110,032
Video	24,991			4,364		29,355			26,134		4,636		30,770
Voice	5,939			12,623		18,562			6,551		14,904		21,455
Total	$	110,145		121,069		231,214			114,840		121,815		236,655
(Amounts in thousands)
	Third Quarter 2017								Second Quarter 2017
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	42,224		27,228		69,452			40,115		26,580		66,695
Data	36,991			76,854		113,845			35,418		73,651		109,069
Video	24,991			4,364		29,355			24,937		4,794		29,731
Voice	5,939			12,623		18,562			5,910		12,941		18,851
Total	$	110,145		121,069		231,214			106,380		117,966		224,346
(Amounts in thousands)
	Nine Months Ended September 30, 2017								Nine Months Ended September 30, 2016
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	122,439		79,170		201,609			134,449		80,057		214,506
Data	108,497			228,571		337,068			105,033		219,977		325,010
Video	74,867			13,280		88,147			81,294		14,530		95,824
Voice	17,910			38,941		56,851			20,357		45,822		66,179
Total	$	323,713		359,962		683,675			341,133		360,386		701,519

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GENERAL COMMUNICATION, INC. AND SUBSIDIARIES
KEY PERFORMANCE INDICATORS
(Unaudited)
									September 30, 2017					September 30, 2017
									as compared to					as compared to
		September 30,		September 30,		June 30,			September 30,		June 30,			September 30,		June 30,
		2017		2016		2017			2016		2017			2016		2017
Consumer
Data
	Cable modem subscribers1	125,400		128,900		127,300			(3,500	)	(1,900	)		(2.7	)%	(1.5	)%
Video
	Basic subscribers2	99,800		108,800		102,100			(9,000	)	(2,300	)		(8.3	)%	(2.3	)%
	Homes passed	251,600		250,200		251,200			1,400		400			0.6	%	0.2	%
Voice
	Local access lines in service3	50,200		53,800		51,700			(3,600	)	(1,500	)		(6.7	)%	(2.9	)%
Business
Data
	Cable modem subscribers1	10,000		10,100		10,000			(100	)	—			(1.0	)%	—	%
Voice
	Local access lines in service3	39,600		41,300		40,200			(1,700	)	(600	)		(4.1	)%	(1.5	)%
Video
	Hotel and mini-headend subscribers	17,200		17,100		19,100			100		(1,900	)		0.6	%	(9.9	)%
	Basic subscribers2	1,300		1,900		1,300			(600	)	—			(31.6	)%	—	%
	Total basic subscribers	18,500		19,000		20,400			(500	)	(1,900	)		(2.6	)%	(9.3	)%
Consumer and Business Combined
Wireless
	Consumer wireless lines in service4	200,900		203,000		201,200			(2,100	)	(300	)		(1.0	)%	(0.1	)%
	Business wireless lines in service4	22,800		23,400		23,300			(600	)	(500	)		(2.6	)%	(2.1	)%
	Total wireless lines in service	223,700		226,400		224,500			(2,700	)	(800	)		(1.2	)%	(0.4	)%
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 September 30, 2016 for the number of subscribers that were transferred on January 1, 2017 and for database cleanup in preparation for our new billing system.
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 September 30, 2016 for the number of subscribers that were transferred on January 1, 2017 and for database cleanup in preparation for our new billing system.
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 September 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 September 30, 2016 for the number of subscribers that were transferred on January 1, 2017.