UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

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**FORM 8-K**

 

CURRENT REPORT

 

Pursuant to Section 13 OR 15(d) of The

Securities Exchange Act of 1934

 

Date of report (Date of earliest event reported): March 2, 2007

 

|   | **GENERAL COMMUNICATION, INC.**                        |   |
|--------|--------------------------------------------------------|--------|
|   | (Exact name of registrant as specified in its charter) |   |

 

|   | **State of Alaska**             |   | **0-15279**            |   | **92-0072737**      |   |
|--------|---------------------------------|--------|------------------------|--------|---------------------|--------|
|   | (State or other Jurisdiction of |   | Commission File Number |   | (I.R.S Employer     |   |
|   | Incorporation or organization)  |   |                   |   | Identification No.) |   |

 

|   |   | **2550 Denali Street** |   |   |   |  
 

 

**Suite 1000**

 

 

 

 
 

 

**Anchorage, Alaska**

 

**99503**

 

 
 

(Address of Principal Executive offices)

 

(Zip Code)

 

 
 

 

 

 

 

 

 

 

Registrant’s telephone number, including area code: (907) 868-5600

 

 

NONE

 

 

(Former name or former address, if changed since last report)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

 

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

 

 

**Section 8 – Other Events**

 

**Item 8.01**

**Other Events**

 

General Communication, Inc. (“GCI”) announced today that John Stanton and Terry Gillespie, two of America’s most respected wireless entrepreneurs, have agreed to purchase approximately 1.3 million GCI Class B Common Shares from Verizon Communications, Inc. in a private transaction.  The Class B shares represent a 15.25 percent voting interest in GCI.

 

 

 

**Section 9 – Financial Statements and Exhibits**

 

**Item 9.01 Financial Statements and Exhibits**

 

(a) Financial statements of businesses acquired: Not Applicable

 

(b) Pro forma financial information: Not Applicable

 

(c) Exhibit:

 

99.1 Press release issued by General Communication, Inc. on March 5, 2007

 

 

**SIGNATURE**

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

 

 

GENERAL COMMUNICATION, INC.

 

 

 

(Registrant)

 

 

 

 

Date: March 6, 2007

 

 

 

 

 

 

 

 

 

By

/s/ John M. Lowber

 

 

 

Name: John M. Lowber

 

 

 

Title:  Senior Vice President,

 

 

 

Chief Financial Officer,

 

 

 

Secretary and Treasurer

 

 

 

(Principal Financial Officer)

 

 

**Exhibit Index**

 

**Exhibit No.**

**Description**

99.1

Press release issued by General Communication, Inc. on March 5, 2007

 

 

 

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