----

----

|        |
|--------|
|        |  |  |
|   | x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 |   |

|                                                                                                     |
|-----------------------------------------------------------------------------------------------------|
|                                                                                                     |
| ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THESECURITIES EXCHANGE ACT OF 1934 |

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

|        |
|--------|
|        |  |  |  |  |
|   | State of Alaska |   | 92-0072737 |   |
|   | (State or other jurisdiction of |   | (I.R.S Employer |   |
|   | incorporation or organization) |   | Identification No.) |   |

|        |
|--------|
|        |  |  |  |  |
|   | 2550 Denali Street |   |   |   |
|   | Suite 1000 |   |   |   |
|   | Anchorage, Alaska |   | 99503 |   |
|   | (Address of principalexecutive offices) |   | (Zip Code) |   |

|        |
|--------|
|        |  |  |
|   | Not Applicable |   |
|   | Former name, former address and former fiscal year, if changed since last report |   |

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |
| Large accelerated filer ¨                                                        | Accelerated filer x |
| Non-accelerated filer  ¨ (Do not check if a smaller reporting company) | Smaller reporting company  ¨ |

----

|                                                           |
|-----------------------------------------------------------|
|                                                           |  |  |  |
|                                                      |   | Page No. |
|                                                      |   |   |
| Cautionary Statement Regarding Forward-Looking Statements | 3 |
|                                                      |   |   |
| Part I.  FINANCIAL INFORMATION                  |   |
|                                                      |   |   |   |
|                                                      | Item 1. | Financial Statements |   |
|                                                      |   |   |   |
|                                                      |   | Consolidated Balance Sheets (unaudited) as of June 30, 2014 and December 31, 2013 | 4 |
|                                                      |   |   |   |
|                                                      |   | Consolidated Income Statements (unaudited) for the three and six months ended June 30, 2014 and 2013 | 6 |
|                                                      |   |   |   |
|                                                      |   | Consolidated Statements of Stockholders’ Equity (unaudited) for the six months ended June 30, 2014 and 2013 | 7 |
|                                                      |   |   |   |
|                                                      |   | Consolidated Statements of Cash Flows (unaudited) for the six months ended June 30, 2014 and 2013 | 8 |
|                                                      |   |   |   |
|                                                      |   | Condensed Notes to Interim Consolidated Financial Statements (unaudited) | 9 |
|                                                      |   |   |   |
|                                                      | Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 23 |
|                                                      |   |   |   |
|                                                      | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 33 |
|                                                      |   |   |   |
|                                                      | Item 4. | Controls and Procedures | 33 |
|                                                      |   |   |   |
| Part II.  OTHER INFORMATION                     |   |
|                                                      |   |   |   |
|                                                      | Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 34 |
|                                                      |   |   |   |
|                                                      | Item 6. | Exhibits | 34 |
|                                                      |   |   |   |
|                                                      | Other items are omitted, as they are not applicable. |   |
|                                                      |   |   |   |
| SIGNATURES                                                | 35 |

----

----

|                                                                                                                                     |
|-------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                     |  |  |  |  |  |  |
|                                                                                                                                |   |   |   |
| 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 |  |
|                                                                                                                                |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                                                      |
|                                                                                                                                |   |  |   | (Continued) |

----

|                                                                                                                                                                                                                     |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                     |  |  |  |  |  |  |
| 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 |  |
|                                                                                                                                                                                                                |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                                                                                                                                      |   |   |

----

|                                                                                                             |
|-------------------------------------------------------------------------------------------------------------|
|                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |
| 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 |  |
|                                                                                                        |   |   |   |   |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                              |   |   |   |   |

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                   |
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY                                |
| SIX MONTHS ENDED JUNE 30, 2014 AND 2013                                        |
| (Unaudited)                                                                    |
|                                                                           | Class ACommonStock |   | Class BCommonStock |   | Class ASharesHeld inTreasury |   | Paid-inCapital |   | RetainedEarnings |   | Non-controllingInterests |   | TotalStockholders’Equity |
|                                                                           |
| (Amounts in thousands)                                                         |
| Balances at January 1, 2013                                                    | $ | 22,703 |  |   | 2,676 |  |   | (1,617 | ) |   | 25,832 |  |   | 107,584 |  |   | 32,258 |  |   | 189,436 |  |
| Net income (loss)                                                              | — |  |   | — |  |   | — |  |   | — |  |   | 7,424 |  |   | (234 | ) |   | 7,190 |  |
| Common stock repurchases and retirements                                       | (13,192 | ) |   | — |  |   | 130 |  |   | — |  |   | — |  |   | — |  |   | (13,062 | ) |
| Shares issued under stock option plan                                          | 314 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 314 |  |
| Issuance of restricted stock awards                                            | 1,005 |  |   | — |  |   | — |  |   | (1,005 | ) |   | — |  |   | — |  |   | — |  |
| Share-based compensation expense                                               | — |  |   | — |  |   | — |  |   | 3,094 |  |   | — |  |   | — |  |   | 3,094 |  |
| Issuance of treasury shares related to deferred compensation payment           | — |  |   | — |  |   | 621 |  |   | — |  |   | — |  |   | — |  |   | 621 |  |
| Other                                                                          | 2 |  |   | (2 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |
| Balances at June 30, 2013                                                      | $ | 10,832 |  |   | 2,674 |  |   | (866 | ) |   | 27,921 |  |   | 115,008 |  |   | 32,024 |  |   | 187,593 |  |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at January 1, 2014                                                    | $ | 11,467 |  |   | 2,673 |  |   | (866 | ) |   | 26,880 |  |   | 116,990 |  |   | 300,210 |  |   | 457,354 |  |
| Net income                                                                     | — |  |   | — |  |   | — |  |   | — |  |   | 10,276 |  |   | 20,534 |  |   | 30,810 |  |
| Common stock repurchases and retirements                                       | (536 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (536 | ) |
| Shares issued under stock option plan                                          | 176 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 176 |  |
| Issuance of restricted stock awards                                            | 1,691 |  |   | — |  |   | — |  |   | (1,691 | ) |   | — |  |   | — |  |   | — |  |
| Share-based compensation expense                                               | — |  |   | — |  |   | — |  |   | 3,973 |  |   | — |  |   | — |  |   | 3,973 |  |
| Issuance of treasury shares related to deferred compensation payment           | — |  |   | — |  |   | 617 |  |   | 98 |  |   | — |  |   | — |  |   | 715 |  |
| Distribution to non-controlling interest                                       | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (25,000 | ) |   | (25,000 | ) |
| Adjustment to investment by non-controlling interest                           | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (2,131 | ) |   | (2,131 | ) |
| Other                                                                          | 3 |  |   | (3 | ) |   | — |  |   | — |  |   | — |  |   | 100 |  |   | 100 |  |
| Balances at June 30, 2014                                                      | $ | 12,801 |  |   | 2,670 |  |   | (249 | ) |   | 29,260 |  |   | 127,266 |  |   | 293,713 |  |   | 465,461 |  |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements. |

----

|                                                                                                    |
|----------------------------------------------------------------------------------------------------|
|                                                                                                    |  |  |  |  |  |  |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                       |
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                              |
| SIX MONTHS ENDED JUNE 30, 2014 AND 2013                                                            |
| (Unaudited)                                                                                        |
| (Amounts in thousands)                                                                             |   |   |   |
|                                                                                               | 2014 |   | 2013 |
| Cash flows from operating activities:                                                              |   |   |   |
| Net income                                                                                         | $ | 30,810 |  |   | 7,190 |  |
| Adjustments to reconcile net income to net cash   provided by operating activities: |   |  |   |   |  |
| Depreciation and amortization expense                                                              | 86,138 |  |   | 68,395 |  |
| Share-based compensation expense                                                                   | 3,971 |  |   | 2,906 |  |
| Deferred income tax expense                                                                        | 342 |  |   | 7,187 |  |
| Other noncash income and expense items                                                             | 4,933 |  |   | 3,042 |  |
| Change in operating assets and liabilities                                                         | 12,826 |  |   | (12,404 | ) |
| Net cash provided by operating activities                                                          | 139,020 |  |   | 76,316 |  |
| Cash flows from investing activities:                                                              |   |  |   |   |  |
| Purchases of property and equipment                                                                | (80,550 | ) |   | (87,355 | ) |
| Purchase of investments                                                                            | (21,179 | ) |   | — |  |
| Restricted cash                                                                                    | 5,789 |  |   | 10,782 |  |
| Purchases of other assets and intangible assets                                                    | (4,895 | ) |   | (2,306 | ) |
| Grant proceeds                                                                                     | 1,136 |  |   | 1,773 |  |
| Other                                                                                              | (621 | ) |   | 390 |  |
| Net cash used in investing activities                                                              | (100,320 | ) |   | (76,716 | ) |
| Cash flows from financing activities:                                                              |   |  |   |   |  |
| Borrowing on Senior Credit Facility                                                                | 50,000 |  |   | 110,000 |  |
| Repayment of debt and capital lease obligations                                                    | (26,403 | ) |   | (93,921 | ) |
| Distribution to non-controlling interest                                                           | (25,000 | ) |   | — |  |
| Purchase of treasury stock to be retired                                                           | (536 | ) |   | (13,062 | ) |
| Borrowing on other long-term debt                                                                  | 421 |  |   | 1,780 |  |
| Proceeds from stock option exercises                                                               | 176 |  |   | 314 |  |
| Payment of debt issuance costs                                                                     | — |  |   | (2,990 | ) |
| Net cash (used) provided by financing activities                                                   | (1,342 | ) |   | 2,121 |  |
| Net increase in cash and cash equivalents                                                          | 37,358 |  |   | 1,721 |  |
| Cash and cash equivalents at beginning of period                                                   | 44,971 |  |   | 24,491 |  |
| Cash and cash equivalents at end of period                                                         | $ | 82,329 |  |   | 26,212 |  |
|                                                                                               |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                     |

----

|     |                                                           |
|-----|-----------------------------------------------------------|
| (1) | Business and Summary of Significant Accounting Principles |

|     |          |
|-----|----------|
| (a) | Business |

|         |                                                                                       |
|---------|---------------------------------------------------------------------------------------|
| • | Postpaid and prepaid wireless services and sale of wireless handsets and accessories, |

|         |                                                 |
|---------|-------------------------------------------------|
| • | Video services, including broadcast television, |

|         |                           |
|---------|---------------------------|
| • | Internet access services, |

|         |                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
| • | Wholesale wireless, including postpaid and prepaid wireless plans for resale by other carriers and roaming for certain wireless carriers, |

|         |                                         |
|---------|-----------------------------------------|
| • | Local and long-distance voice services, |

|         |                        |
|---------|------------------------|
| • | Data network services, |

|         |                                                                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Broadband services, including our SchoolAccess® offering to rural school districts, our ConnectMD® offering to rural hospitals and health clinics, and managed video conferencing, |

|         |                                                   |
|---------|---------------------------------------------------|
| • | Managed services to certain commercial customers, |

|         |                                                                                  |
|---------|----------------------------------------------------------------------------------|
| • | Sales and service of dedicated communications systems and related equipment, and |

|         |                                                                                                                                                                                                                       |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Lease, service arrangements and maintenance of capacity on our fiber optic cable systems used in the transmission of services within Alaska and between Alaska and the remaining United States and foreign countries. |

|     |                             |
|-----|-----------------------------|
| (b) | Principles of Consolidation |

|     |                           |
|-----|---------------------------|
| (c) | Non-controlling Interests |

----

|     |             |
|-----|-------------|
| (d) | Acquisition |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |
| Purchase price:                                             |   | Previously Reported | Adjustments | Final Purchase Price Allocation |
| Cash consideration paid                                     |   | $ | 100,000 |  | — |  | 100,000 |  |
| Fair value of the one-third ownership interest of AWN       |   | 267,642 |  | (2,131 | ) | 265,511 |  |
| Total purchase price                                        |   | $ | 367,642 |  | (2,131 | ) | 365,511 |  |
|                                                        |   |   |   |   |
| Assets acquired and liabilities assumed:                    |   |   |   |   |
| Acquired assets                                             |   |   |   |   |
| Current assets                                              |   | $ | 16,952 |  | 11 |  | 16,963 |  |
| Property and equipment, including construction in progress  |   | 82,473 |  | 138 |  | 82,611 |  |
| Goodwill                                                    |   | 140,081 |  | 8,867 |  | 148,948 |  |
| Wireless licenses                                           |   | 65,433 |  | (5,053 | ) | 60,380 |  |
| Rights to use capacity                                      |   | 52,636 |  | (7,298 | ) | 45,338 |  |
| Other assets                                                |   | 16,078 |  | 1,204 |  | 17,282 |  |
| Fair value of liabilities assumed                           |   | (6,011 | ) | — |  | (6,011 | ) |
| Total fair value of assets acquired and liabilities assumed |   | $ | 367,642 |  | (2,131 | ) | 365,511 |  |

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |
|                           | (unaudited) |   | (unaudited) |
|                           | Three Months Ended  June 30, |   | Six Months Ended June 30, |
|                           | 2013 |   | 2013 |
| Pro forma consolidated revenue | $ | 227,132 |  |   | 445,230 |  |

|     |                                           |
|-----|-------------------------------------------|
| (e) | Recently Issued Accounting Pronouncements |

----

|     |                       |
|-----|-----------------------|
| (f) | Regulatory Accounting |

----

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                 | Three Months Ended June 30, |
|                                                                                 | 2014 |   | 2013 |
|                                                                                 | Class A |   | Class B |   | Class A |   | Class B |
| Basic net income per share:                                                          |   |   |   |   |   |   |   |
| Numerator:                                                                           |   |   |   |   |   |   |   |
| Allocation of undistributed earnings                                                 | $ | 7,534 |  |   | 621 |  |   | $ | 3,862 |  |   | 318 |  |
| Denominator:                                                                         |   |  |   |   |  |   |   |  |   |   |  |
| Weighted average common shares  outstanding                                | 38,383 |  |   | 3,162 |  |   | 37,979 |  |   | 3,132 |  |
| Basic net income attributable to GCI  common stockholders per common share | $ | 0.20 |  |   | 0.20 |  |   | $ | 0.10 |  |   | 0.10 |  |

|                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Diluted net income per share:                                                                                                                                              |   |  |   |   |  |   |   |  |   |   |  |
| Numerator:                                                                                                                                                                 |   |  |   |   |  |   |   |  |   |   |  |
| Allocation of undistributed earnings for  basic computation                                                                                                      | $ | 7,534 |  |   | 621 |  |   | $ | 3,862 |  |   | 318 |  |
| Reallocation of undistributed earnings as a  result of conversion of Class B to Class A  shares                                                        | 621 |  |   | — |  |   | 318 |  |   | — |  |
| Reallocation of undistributed earnings as a  result of conversion of dilutive securities                                                                         | — |  |   | (3 | ) |   | — |  |   | (6 | ) |
| Effect of share based compensation that may be  settled in cash or shares                                                                                        | $ | (9 | ) |   | — |  |   | $ | (60 | ) |   | — |  |
| Net income adjusted for allocation of  undistributed earnings and effect of  share based compensation that may be settled  in cash or shares | $ | 8,146 |  |   | 618 |  |   | $ | 4,120 |  |   | 312 |  |
| Denominator:                                                                                                                                                               |   |  |   |   |  |   |   |  |   |   |  |
| Number of shares used in basic computation                                                                                                                                 | 38,383 |  |   | 3,162 |  |   | 37,979 |  |   | 3,132 |  |
| Conversion of Class B to Class A common  shares outstanding                                                                                                      | 3,162 |  |   | — |  |   | 3,132 |  |   | — |  |
| Unexercised stock options                                                                                                                                                  | 122 |  |   | — |  |   | 164 |  |   | — |  |
| Effect of share based compensation that may be   settled in cash or shares                                                                                       | 26 |  |   | — |  |   | 90 |  |   | — |  |
| Number of shares used in per share computation                                                                                                                             | 41,693 |  |   | 3,162 |  |   | 41,365 |  |   | 3,132 |  |
| Diluted net income attributable to GCI  common stockholders per common share                                                                                     | $ | 0.20 |  |   | 0.20 |  |   | $ | 0.10 |  |   | 0.10 |  |

----

|                                                                                      |
|--------------------------------------------------------------------------------------|
|                                                                                      |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                 | Six Months Ended June 30, |
|                                                                                 | 2014 |   | 2013 |
|                                                                                 | Class A |   | Class B |   | Class A |   | Class B |
| Basic net income per share:                                                          |   |   |   |   |   |   |   |
| Numerator:                                                                           |   |   |   |   |   |   |   |
| Allocation of undistributed earnings                                                 | $ | 9,490 |  |   | 786 |  |   | $ | 6,855 |  |   | 569 |  |
| Denominator:                                                                         |   |   |   |   |   |   |   |
| Weighted average common shares  outstanding                                | 38,186 |  |   | 3,163 |  |   | 38,117 |  |   | 3,167 |  |
| Basic net income attributable to GCI  common stockholders per common share | $ | 0.25 |  |   | 0.25 |  |   | $ | 0.18 |  |   | 0.18 |  |

|                                                                                                                                                                            |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Diluted net income per share:                                                                                                                                              |   |  |   |   |  |   |   |  |   |   |  |
| Numerator:                                                                                                                                                                 |   |  |   |   |  |   |   |  |   |   |  |
| Allocation of undistributed earnings for  basic computation                                                                                                      | $ | 9,490 |  |   | 786 |  |   | $ | 6,855 |  |   | 569 |  |
| Reallocation of undistributed earnings as a  result of conversion of Class B to Class A  shares                                                        | 786 |  |   | — |  |   | 569 |  |   | — |  |
| Reallocation of undistributed earnings as a  result of conversion of dilutive securities                                                                         | — |  |   | (3 | ) |   | — |  |   | (10 | ) |
| Effect of share based compensation that may be  settled in cash or shares                                                                                        | $ | (2 | ) |   | — |  |   | $ | (94 | ) |   | — |  |
| Net income adjusted for allocation of  undistributed earnings and effect of  share based compensation that may be settled  in cash or shares | $ | 10,274 |  |   | 783 |  |   | $ | 7,330 |  |   | 559 |  |
| Denominator:                                                                                                                                                               |   |  |   |   |  |   |   |  |   |   |  |
| Number of shares used in basic computation                                                                                                                                 | 38,186 |  |   | 3,163 |  |   | 38,117 |  |   | 3,167 |  |
| Conversion of Class B to Class A common  shares outstanding                                                                                                      | 3,162 |  |   | — |  |   | 3,167 |  |   | — |  |
| Unexercised stock options                                                                                                                                                  | 121 |  |   | — |  |   | 168 |  |   | — |  |
| Effect of share based compensation that may be   settled in cash or shares                                                                                       | 26 |  |   | — |  |   | 90 |  |   | — |  |
| Number of shares used in per share computation                                                                                                                             | 41,495 |  |   | 3,163 |  |   | 41,542 |  |   | 3,167 |  |
| Diluted net income attributable to GCI  common stockholders per common share                                                                                     | $ | 0.25 |  |   | 0.25 |  |   | $ | 0.18 |  |   | 0.18 |  |

|                                                                           |
|---------------------------------------------------------------------------|
|                                                                           |  |  |  |  |  |  |  |  |  |  |  |
|                                                                      | Three Months Ended  June 30, |   | Six Months Ended June 30, |
|                                                                      | 2014 |   | 2013 |   | 2014 |   | 2013 |
| Shares associated with anti-dilutive unexercised  stock options | 28 |  |   | 88 |  |   | 31 |  |   | 88 |  |

----

|                                                                                     |
|-------------------------------------------------------------------------------------|
|                                                                                     |  |  |  |  |  |
|                                                                                | Class A |   | Class B |
| Balances at December 31, 2012                                                       | 38,534 |  |   | 3,169 |  |
| Class B shares converted to Class A                                                 | 2 |  |   | (2 | ) |
| Shares issued upon stock option exercises                                           | 51 |  |   | — |  |
| Share awards issued                                                                 | 664 |  |   | — |  |
| Shares retired                                                                      | (1,538 | ) |   | — |  |
| Shares acquired to settle minimum statutory tax  withholding requirements | (17 | ) |   | — |  |
| Other                                                                               | (2 | ) |   | — |  |
| Balances at June 30, 2013                                                           | 37,694 |  |   | 3,167 |  |
|                                                                                |   |   |   |
| Balances at December 31, 2013                                                       | 37,299 |  |   | 3,165 |  |
| Class B shares converted to Class A                                                 | 3 |  |   | (3 | ) |
| Shares issued upon stock option exercises                                           | 20 |  |   | — |  |
| Share awards issued                                                                 | 1,187 |  |   | — |  |
| Shares retired                                                                      | (29 | ) |   | — |  |
| Shares acquired to settle minimum statutory tax  withholding requirements | (25 | ) |   | — |  |
| Balances at June 30, 2014                                                           | 38,455 |  |   | 3,162 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |  |  |  |  |  |  |
|                      | Three Months Ended  June 30, |   | Six Months Ended June 30, |
|                      | 2014 |   | 2013 |   | 2014 |   | 2013 |
| Surcharges reported gross | $ | 1,101 |  |   | 1,205 |  |   | 2,234 |  |   | 2,432 |  |

|     |                   |
|-----|-------------------|
| (n) | Reclassifications |

----

|     |                                                                |
|-----|----------------------------------------------------------------|
| (2) | Consolidated Statements of Cash Flows Supplemental Disclosures |

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |  |  |  |
| Six Months Ended June 30,                                              | 2014 |   | 2013 |
| (Increase) decrease in accounts receivable, net                        | $ | 24,693 |  |   | (19,241 | ) |
| Increase in prepaid expenses                                           | (5,084 | ) |   | (2,531 | ) |
| Decrease in inventories                                                | 2,024 |  |   | 3,333 |  |
| Decrease in other current assets                                       | 75 |  |   | 1,185 |  |
| Increase in other assets                                               | (344 | ) |   | (1,294 | ) |
| Increase (decrease) in accounts payable                                | (6,821 | ) |   | 1,044 |  |
| Increase in deferred revenues                                          | 3,360 |  |   | 207 |  |
| Increase (decrease) in accrued payroll and payroll related obligations | (4,359 | ) |   | 3,732 |  |
| Increase in accrued liabilities                                        | 1,452 |  |   | 2,881 |  |
| Decrease in accrued interest                                           | (384 | ) |   | (25 | ) |
| Increase (decrease) in subscriber deposits                             | (188 | ) |   | 133 |  |
| Decrease in long-term deferred revenue                                 | (2,345 | ) |   | (927 | ) |
| Increase (decrease) in components of other long-term liabilities       | 747 |  |   | (901 | ) |
| Total change in operating assets and liabilities                       | $ | 12,826 |  |   | (12,404 | ) |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |
| Net cash paid or received:                   | 2014 |   | 2013 |
| Interest paid including capitalized interest | $ | 37,658 |  |   | 35,139 |  |

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |  |  |  |
|                                                                       | 2014 |   | 2013 |
| Non-cash additions for purchases of property and  equipment      | $ | 25,114 |  |   | 13,740 |  |
| Net capital lease obligation                                               | $ | 9,386 |  |   | — |  |
| Distribution to non-controlling interest                                   | $ | 4,167 |  |   | — |  |
| Asset retirement obligation additions to property and  equipment | $ | 361 |  |   | 1,066 |  |
| Deferred compensation distribution denominated in  shares        | $ | 617 |  |   | 621 |  |

|     |                                |
|-----|--------------------------------|
| (3) | Intangible Assets and Goodwill |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |  |  |  |  |  |  |
|                 | Three Months Ended  June 30, |   | Six Months Ended June 30, |
|                 | 2014 |   | 2013 |   | 2014 |   | 2013 |
| Amortization expense | $ | 2,189 |  |   | 1,431 |  |   | 4,600 |  |   | 2,887 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |
| Years Ending December 31, |   |
| 2014                      | $ | 9,131 |  |
| 2015                      | 7,905 |  |
| 2016                      | 6,112 |  |
| 2017                      | 4,275 |  |
| 2018                      | 3,287 |  |

|     |                       |
|-----|-----------------------|
| (4) | Financial Instruments |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |
|                       | June 30, 2014 |   | December 31, 2013 |
|                       | Carrying Amount |   | Fair Value |   | Carrying Amount |   | Fair Value |
| Current and long-term debt | $ | 1,085,859 |  |   | 1,118,227 |  |   | 1,047,980 |  |   | 1,058,431 |  |

|                                                             |
|-------------------------------------------------------------|
|                                                             |  |  |  |  |  |  |  |  |  |
|                                                        | Fair Value Measurement at Reporting Date Using |
| June 30, 2014 Assets                                        | Quoted Prices in Active Markets for Identical Assets (Level 1) |   | Significant Other Observable Inputs (Level 2) |   | Significant Unobservable Inputs (Level 3) |
| Deferred compensation plan assets  (mutual funds) | $ | 1,882 |  |   | — |  |   | — |  |
| Total assets at fair value                                  | $ | 1,882 |  |   | — |  |   | — |  |
|                                                        |   |   |   |   |   |
| December 31, 2013 Assets                                    |   |  |   |   |  |   |   |  |
| Deferred compensation plan assets  (mutual funds) | $ | 2,183 |  |   | — |  |   | — |  |
| Total assets at fair value                                  | $ | 2,183 |  |   | — |  |   | — |  |

----

|     |                            |
|-----|----------------------------|
| (5) | Stockholders’ Equity |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | Shares (in thousands) |   | Weighted Average Exercise Price |   | Weighted Average Remaining Contractual Term |   | Aggregate Intrinsic Value (in thousands) |
| Outstanding at January 1, 2014 | 620 |  |   | $ | 7.74 |  |   |   |   |   |
| Exercised                           | (19 | ) |   | $ | 8.73 |  |   |   |   |   |
| Options forfeited and retired       | (250 | ) |   | $ | 8.40 |  |   |   |   |   |
| Expired                             | (12 | ) |   | $ | 10.69 |  |   |   |   |   |
| Outstanding at June 30, 2014   | 339 |  |   | $ | 7.09 |  |   | 4.5 years |   | $ | 1,392 |  |
| Exercisable at June 30, 2014   | 336 |  |   | $ | 7.10 |  |   | 4.4 years |   | $ | 1,373 |  |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |
|                         | Shares |   | WeightedAverageGrant DateFair Value |
| Nonvested at January 1, 2014 | 1,209 |  |   | $ | 8.60 |  |
| Granted                      | 1,187 |  |   | $ | 9.89 |  |
| Vested                       | (153 | ) |   | $ | 10.82 |  |
| Forfeited                    | (6 | ) |   | $ | 9.38 |  |
| Nonvested at June 30, 2014   | 2,237 |  |   |  |  |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               | Three Months Ended |   | Six Months Ended |
|               | Wireless |   | Wireline |   | Total Reportable Segments |   | Wireless |   | Wireline |   | Total Reportable Segments |
| June 30, 2014 |   |   |   |   |   |   |   |   |   |   |   |
| Revenues           | $ | 69,397 |  |   | 155,002 |  |   | 224,399 |  |   | 131,914 |  |   | 308,768 |  |   | 440,682 |  |
| Adjusted EBITDA    | $ | 40,174 |  |   | 44,297 |  |   | 84,471 |  |   | 78,196 |  |   | 81,072 |  |   | 159,268 |  |
|               |   |   |   |   |   |   |   |   |   |   |   |
| June 30, 2013 |   |  |   |   |  |   |   |  |   |   |   |   |   |   |  |
| Revenues           | $ | 35,559 |  |   | 154,102 |  |   | 189,661 |  |   | 69,396 |  |   | 306,481 |  |   | 375,877 |  |
| Adjusted EBITDA    | $ | 14,273 |  |   | 47,866 |  |   | 62,139 |  |   | 29,462 |  |   | 91,326 |  |   | 120,788 |  |

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                     | Three Months Ended June 30, |   | Six Months Ended June 30, |
|                                                     | 2014 |   | 2013 |   | 2014 |   | 2013 |
| Reportable segment Adjusted EBITDA                       | $ | 84,471 |  |   | 62,139 |  |   | 159,268 |  |   | 120,788 |  |
| Less depreciation and amortization  expense    | (43,786 | ) |   | (34,396 | ) |   | (86,138 | ) |   | (68,395 | ) |
| Less share-based compensation  expense         | (2,193 | ) |   | (1,647 | ) |   | (3,971 | ) |   | (2,906 | ) |
| Less accretion expense                                   | (301 | ) |   | (155 | ) |   | (602 | ) |   | (282 | ) |
| Other                                                    | 223 |  |   | (246 | ) |   | 122 |  |   | (450 | ) |
| Consolidated operating income                            | 38,414 |  |   | 25,695 |  |   | 68,679 |  |   | 48,755 |  |
| Less other expense                                       | (19,219 | ) |   | (17,474 | ) |   | (37,527 | ) |   | (34,378 | ) |
| Consolidated income before  income tax expense | $ | 19,195 |  |   | 8,221 |  |   | 31,152 |  |   | 14,377 |  |

|     |                           |
|-----|---------------------------|
| (7) | Related Party Transaction |

|     |                            |
|-----|----------------------------|
| (8) | Variable Interest Entities |

----

----

|                                                                        |
|------------------------------------------------------------------------|
|                                                                        |  |  |  |
| Years ending December 31:                                              |   |
| 2014                                                                   | $ | 6,718 |  |
| 2015                                                                   | 13,444 |  |
| 2016                                                                   | 13,454 |  |
| 2017                                                                   | 13,433 |  |
| 2018                                                                   | 13,440 |  |
| 2019 and thereafter                                                    | 46,658 |  |
| Total minimum lease payments                                           | 107,147 |  |
| Less amount representing interest                                      | 26,855 |  |
| Less current maturity of obligations under capital leases              | 7,813 |  |
| Long-term obligations under capital leases, excluding current maturity | $ | 72,479 |  |

----

----

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |  |  |  |
|                                                            | Three Months Ended June 30, |  | Percentage Change1 2014 |   | Six Months Ended June 30, |   | Percentage Change1 2014 |
|                                                            | 2014 | 2013 |  | vs. 2013 |   | 2014 | 2013 |   | vs. 2013 |
| Statements of Operations Data:                                  |   |  |   |   |   |   |   |   |
| Revenues:                                                       |   |   |  |   |   |   |   |   |   |
| Wireless segment                                                | 31% | 19% |   | 95% |   | 30% | 18% |   | 90% |
| Wireline segment                                                | 69% | 81% |   | 1% |   | 70% | 82% |   | 1% |
| Total revenues                                                  | 100% | 100% |   | 18% |   | 100% | 100% |   | 17% |
| Selling, general and administrative expenses                    | 31% | 34% |   | 9% |   | 32% | 34% |   | 10% |
| Depreciation and amortization expense                           | 20% | 18% |   | 27% |   | 20% | 18% |   | 26% |
| Operating income                                                | 17% | 14% |   | 49% |   | 16% | 13% |   | 41% |
| Other expense, net                                              | 9% | 9% |   | 10% |   | 9% | 9% |   | 9% |
| Income before income taxes                                      | 9% | 4% |   | 133% |   | 7% | 4% |   | 117% |
| Net income                                                      | 8% | 2% |   | 369% |   | 7% | 2% |   | 329% |
| Net income (loss) attributable to the non-controlling interests | 5% | —% |   | 9,327% |   | 5% | —% |   | 8,775% |
| Net income attributable to GCI                                  | 4% | 2% |   | 95% |   | 2% | 2% |   | 38% |
|                                                            |   |   |   |   |   |   |   |   |   |
| 1Percentage change in underlying data                           |   |   |   |   |   |   |   |   |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|               | Three Months Ended  June 30, |   | Percentage |   | Six Months Ended  June 30, |   | Percentage |
|               | 2014 |   | 2013 |   | Change |   | 2014 |   | 2013 |   | Change |
| Revenue            | $ | 69,397 |  |   | 35,559 |  |   | 95 | % |   | 131,914 |  |   | 69,396 |  |   | 90 | % |
| Cost of Goods Sold | $ | 23,500 |  |   | 16,573 |  |   | 42 | % |   | 42,213 |  |   | 30,985 |  |   | 36 | % |
| Adjusted EBITDA    | $ | 40,174 |  |   | 14,273 |  |   | 181 | % |   | 78,196 |  |   | 29,462 |  |   | 165 | % |

|         |                                                                                                                                                                                                                                                  |
|---------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $15.4 million and $28.0 million increase in roaming revenue for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, primarily due to the July 22, 2013 close of the AWN transaction, |

|         |                                                                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $11.3 million and $22.0 million increase in non-Lifeline wholesale plan fee revenue for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, due to the July 22, 2013 close of the AWN transaction, |

|         |                                                                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $4.4 million and $8.8 million increase in high cost support revenue for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, due to the July 22, 2013 close of the AWN transaction, and |

|         |                                                                                                                                                                                                                                   |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.6 million and $4.5 million increase in private line revenue for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, due to increased demand for backhaul capacity. |

|         |                                                                                                                                                                                                                                    |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $4.0 million and $8.3 million increase in roaming costs for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, due to the July 22, 2013 close of the AWN transaction, |

|         |                                                                                                                                                                                                                                                                                                                |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.5 million and $3.5 million increase in distribution and capacity costs for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, due to the July 22, 2013 close of the AWN transaction and growth in traffic carried on the wireless network, and |

|         |                                                                                                                                                                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.2 million and $3.6 million increase in network maintenance costs for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, due to the growth of the wireless network resulting from the July 22, 2013 close of the AWN transaction and increased emphasis on our wireless network. |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |
|                                   |   | Customer Group |
| Wireline Segment Services and Products | Consumer | Business Services | Managed Broadband |
|                                   |   |   |   |   |
| Retail wireless                        | X | X |   |
|                                   |   |   |   |   |
| Data:                                  |   |   |   |
|                                   | Internet | X | X | X |
|                                   | Data networks |   | X | X |
|                                   | Managed services |   | X | X |
|                                   |   |   |   |   |
| Video                                  | X | X |   |
|                                   |   |   |   |   |
| Voice:                                 |   |   |   |
|                                   | Long-distance | X | X | X |
|                                   | Local access | X | X | X |

|         |                                                                                                                     |
|---------|---------------------------------------------------------------------------------------------------------------------|
| • | Consumer – we offer a full range of retail wireless, data, video and voice services to residential customers. |

|         |                                                                                                                                                                                                                                                                                 |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Business Services - we offer a full range of retail wireless, data, video and voice services to local, national and global businesses, governmental entities and public and private educational institutions and wholesale data and voice services to common carrier customers. |

|         |                                                                                                                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | Managed Broadband – we offer Internet, data network and managed services to rural schools and health organizations and regulated voice services to residential and commercial customers in rural communities primarily in Southwest Alaska. |

----

|                                |
|--------------------------------|
|                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                           | Three Months Ended  June 30, |   | Percentage |   | Six Months Ended  June 30, |   | Percentage |
|                           | 2014 |   | 2013 |   | Change |   | 2014 |   | 2013 |   | Change |
| Consumer                       |   |   |   |   |   |   |   |   |   |   |   |
| Wireless                       | $ | 6,360 |  |   | 7,180 |  |   | (11 | )% |   | 13,851 |  |   | 13,726 |  |   | 1 |  % |
| Data                           | 27,313 |  |   | 24,413 |  |   | 12 |  % |   | 54,257 |  |   | 48,469 |  |   | 12 |  % |
| Video                          | 26,871 |  |   | 27,740 |  |   | (3 | )% |   | 54,120 |  |   | 55,701 |  |   | (3 | )% |
| Voice                          | 8,279 |  |   | 9,141 |  |   | (9 | )% |   | 16,724 |  |   | 18,671 |  |   | (10 | )% |
| Business Services              |   |   |   |   |   |  |   |   |   |   |   |   |  |
| Wireless                       | 789 |  |   | 764 |  |   | 3 |  % |   | 1,534 |  |   | 1,443 |  |   | 6 |  % |
| Data                           | 35,554 |  |   | 39,394 |  |   | (10 | )% |   | 70,394 |  |   | 79,530 |  |   | (11 | )% |
| Video                          | 7,607 |  |   | 3,467 |  |   | 119 |  % |   | 12,759 |  |   | 6,592 |  |   | 94 |  % |
| Voice                          | 11,359 |  |   | 13,253 |  |   | (14 | )% |   | 23,100 |  |   | 25,580 |  |   | (10 | )% |
| Managed Broadband              |   |   |   |   |   |  |   |   |   |   |   |   |  |
| Data                           | 25,608 |  |   | 23,370 |  |   | 10 |  % |   | 51,437 |  |   | 46,050 |  |   | 12 |  % |
| Voice                          | 5,262 |  |   | 5,380 |  |   | (2 | )% |   | 10,592 |  |   | 10,719 |  |   | (1 | )% |
| Total Wireline segment revenue | $ | 155,002 |  |   | 154,102 |  |   | 1 |  % |   | 308,768 |  |   | 306,481 |  |   | 1 |  % |

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | Three Months Ended  June 30, |   | Percentage |   | Six Months Ended  June 30, |   | Percentage |
|                                | 2014 |   | 2013 |   | Change |   | 2014 |   | 2013 |   | Change |
| Wireline segment Cost of Goods Sold | $ | 48,882 |  |   | 49,126 |  |   | — |  % |   | 101,943 |  |   | 99,324 |  |   | 3 |  % |
| Wireline segment Adjusted EBITDA    | $ | 44,297 |  |   | 47,866 |  |   | (7 | )% |   | 81,072 |  |   | 91,326 |  |   | (11 | )% |

|                                             |
|---------------------------------------------|
|                                             |  |  |  |  |  |  |  |  |  |  |
|                                        | June 30, |  | Percentage |
|                                        | 2014 |  | 2013 |  | Change |
| Consumer                                    |   |  |   |  |   |
| Data:                                       |   |  |   |  |   |
| Cable modem subscribers1               | 115,600 |  |  | 115,600 |  |  | — |  % |
| Video:                                      |   |   |   |   |   |  |
| Basic subscribers2                     | 116,300 |  |   | 119,600 |  |   | (3 | )% |
| Digital programming tier subscribers3  | 65,200 |  |   | 69,500 |  |   | (6 | )% |
| HD/DVR converter boxes4                | 103,400 |  |   | 89,900 |  |   | 15 |  % |
| Homes passed                                | 248,000 |  |   | 245,100 |  |   | 1 |  % |
| Video ARPU - quarter-to-date5               | $ | 76.49 |  |   | $ | 76.47 |  |   | — |  % |
| Video ARPU - year-to-date6                  | $ | 76.78 |  |   | $ | 76.51 |  |   | — |  % |
| Voice:                                      |   |   |   |   |   |  |
| Total local access lines in service7   | 57,700 |  |   | 65,200 |  |   | (12 | )% |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |  |  |  |  |  |  |  |  |  |  |
| Local access lines in service on GCI facilities7                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 53,800 |  |   | 60,800 |  |   | (12 | )% |
| Business Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |   |   |   |   |  |
| Data:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |   |   |   |   |   |  |
| Cable modem subscribers1                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 14,200 |  |   | 14,100 |  |   | 1 |  % |
| Voice:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |   |   |   |   |   |  |
| Total local access lines in service7                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 48,200 |  |   | 50,500 |  |   | (5 | )% |
| Local access lines in service on GCI facilities7                                                                                                                                                                                                                                                                                                                                                                                                                                                           | 35,000 |  |   | 35,600 |  |   | (2 | )% |
| Combined Consumer and Business Services                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |   |   |   |   |  |
| Wireless                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |  |
| Consumer Lifeline wireless lines in service8                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 28,200 |  |   | 32,600 |  |   | (13 | )% |
| Consumer Non-Lifeline wireless lines in service9                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 96,700 |  |   | 92,800 |  |   | 4 |  % |
| Business Services Non-Lifeline wireless lines in service9                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 18,500 |  |   | 17,500 |  |   | 6 |  % |
| Total wireless lines in service                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 143,400 |  |   | 142,900 |  |   | — |  % |
| Wireless ARPU - quarter-to-date10                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 49.95 |  |   | $ | 49.99 |  |   | — |  % |
| Wireless ARPU - year-to-date11                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | $ | 50.53 |  |   | $ | 49.63 |  |   | 2 |  % |
| Cable Modem ARPU - quarter-to-date12                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | $ | 76.83 |  |   | $ | 68.25 |  |   | 13 |  % |
| Cable Modem ARPU - year-to-date13                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $ | 76.38 |  |   | $ | 68.17 |  |   | 12 |  % |
| 1 A cable modem subscriber is defined by the purchase of cable modem service regardless of the level of service purchased. If one entity purchases multiple cable modem service access points, each access point is counted as a subscriber. Cable modem subscribers may also be video basic subscribers though basic video service is not required to receive cable modem service.                                                                                                                        |
| 2 A basic subscriber is defined as one basic tier of service delivered to an address or separate subunits thereof regardless of the number of outlets purchased.                                                                                                                                                                                                                                                                                                                                           |
| 3 A digital programming tier subscriber is defined as one digital programming tier of service delivered to an address or separate subunits thereof regardless of the number of outlets or digital programming tiers purchased. Digital programming tier subscribers are a subset of basic subscribers.                                                                                                                                                                                                     |
| 4 A high-definition/digital video recorder ("HD/DVR") converter box is defined as one box rented by a digital programming or basic tier subscriber. A digital programming or basic tier subscriber is not required to rent an HD/DVR converter box to receive service.                                                                                                                                                                                                                                     |
| 5 Applicable average monthly video revenues divided by the average number of basic subscribers at the beginning and end of each month in the period ("Video ARPU") for the three months ended June 30, 2014 and 2013.                                                                                                                                                                                                                                                                                      |
| 6 Video ARPU for the six months ended June 30, 2014 and 2013.                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 7 A local access line in service is defined as a revenue generating circuit or channel connecting a customer to the public switched telephone network.                                                                                                                                                                                                                                                                                                                                                     |
| 8 A Lifeline wireless line in service is defined as a revenue generating wireless device that is eligible for Lifeline support. The Universal Service Fund's Lifeline program is administered by the Universal Service Administrative Company and is designed to ensure that quality telecommunications services are available to low-income customers at affordable rates.                                                                                                                           |
| 9 A non-Lifeline wireless line in service is defined as a revenue generating wireless device that is not eligible for Lifeline support.                                                                                                                                                                                                                                                                                                                                                                    |
| 10 Average monthly wireless revenues, excluding those from common carrier customers, divided by the average of wireless subscribers at the beginning and end of each month in the period ("Wireless ARPU"). Revenue used for this calculation includes Wireline segment - Consumer - Wireless, Wireline segment - Business Services - Wireless and wholesale wireless revenues earned from GCI retail subscribers included in the Wireless segment for the three months ended June 30, 2014 and 2013. |
| 11 Wireless ARPU for the six months ended June 30, 2014 and 2013.  Revenue used for this calculation includes Wireline segment - Consumer - Wireless, Wireline segment - Business Services - Wireless and wholesale wireless revenues earned from GCI retail subscribers included in the Wireless segment.                                                                                                                                                                                                 |
| 12 Applicable average monthly cable modem revenues divided by the average number of subscribers at the beginning and end of each month in the period ("Cable Modem ARPU") for the three months ended June 30, 2014 and 2013.                                                                                                                                                                                                                                                                               |
| 13 Cable Modem ARPU for the six months ended June 30, 2014 and 2013.                                                                                                                                                                                                                                                                                                                                                                                                                                       |

----

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A  $1.9 million or 69% and $7.1 million or 117% increase in wireless Cost of Goods Sold for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, primarily due to an increase in the number of handsets sold and a decrease in subsidies received from the Wireless segment for the purchase of wireless handsets.  Through the AWN transaction close, the Wireless segment recorded the Cost of Goods Sold related to wireless equipment sales to retail customers based upon equipment sales and agreed-upon subsidy rates.  Any amount in excess of this subsidy was recorded in the Wireline segment.  Subsequent to the transaction close and through March 31, 2014, although permitted, the Wireline segment was unable to meet the requirements in order to request a wireless equipment subsidy from the Wireless segment in accordance with the AWN agreements, and |

|         |                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.4 million or 17% and $4.5 million or 16% increase in video Cost of Goods Sold for the three and six months ended June 30, 2014 when compared to the same periods in 2013, respectively, primarily due to the acquisition of the television broadcast stations in the fourth quarter of 2013 and increased rates paid to programmers. |

----

|         |                                                                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.5 million and $5.1 million increase in labor costs for the three and six months ended June 30, 2014, when compared to the same periods in 2013, respectively, |

|         |                                                                                                                                                                                        |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $0.5 million and $1.0 million in share-based compensation expense for the three and six months ended June 30, 2014, when compared to the same periods in 2013, respectively, |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | A $0.8 million increase in bad debt expense for the three months ended June 30, 2014, when compared to the same period in 2013, |

|         |                                                                                                                                           |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.6 million increase in health benefit costs for the six months ended June 30, 2014, when compared to the same period in 2013, and |

|         |                                                                                                                                         |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.1 million increase in contract service costs for the six months ended June 30, 2014, when compared to the same period in 2013. |

----

|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |
|                                      | Six Months Ended June 30, |
|                                      | 2014 |   | 2013 |
| Operating activities                      | $ | 139,020 |  |   | 76,316 |  |
| Investing activities                      | (100,320 | ) |   | (76,716 | ) |
| Financing activities                      | (1,342 | ) |   | 2,121 |  |
| Net increase in cash and cash equivalents | $ | 37,358 |  |   | 1,721 |  |

----

----

----

|     |                 |
|-----|-----------------|
| (a) | Not applicable. |

|     |                 |
|-----|-----------------|
| (b) | Not applicable. |

|     |                                                                                                                                          |
|-----|------------------------------------------------------------------------------------------------------------------------------------------|
| (c) | The following table provides information about repurchases of shares of our Class A common stock during the quarter ended June 30, 2014: |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | (a) TotalNumber ofSharesPurchased1 |   | (b) AveragePrice Paidper Share |   | (c) TotalNumber ofSharesPurchased asPart of PubliclyAnnouncedPlans orPrograms2 |   | (d) MaximumNumber (orapproximateDollar Value) ofShares that MayYet BePurchasedUnder the Planor Programs3 |
| April 1, 2014 to April 30, 2014                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | — |  |   | $ | — |  |   | — |  |   | $ | 116,128,041 |  |
| May 1, 2014 to May 31, 2014                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 163 |  |   | $ | 11.39 |  |   | — |  |   | $ | 116,129,707 |  |
| June 1, 2014 to June 30, 2014                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | 513 |  |   | $ | 11.15 |  |   | — |  |   | $ | 116,134,425 |  |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 676 |  |   |   |  |   |   |  |   |   |  |
| 1 Consists of 676 shares from private purchases made to settle the minimum statutory tax-withholding requirements pursuant to restricted stock award vesting.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 2 The repurchase plan was publicly announced on November 3, 2004. Our plan does not have an expiration date, however transactions pursuant to the plan are subject to periodic approval by our Board of Directors. We expect to continue the repurchases for an indefinite period dependent on leverage, liquidity, company performance, market conditions and subject to continued oversight by our Board of Directors.                                                                                                                                                                      |
| 3 The total amount approved by our Board of Directors for repurchase under our publicly announced repurchase plan was $348.1 million through June 30, 2014, consisting of $337.9 million through December 31, 2013, and an additional $10.2 million during the six months ended June 30, 2014. We have made total repurchases under the program of $232.0 million through June 30, 2014. If stock repurchases are less than the total approved quarterly amount the difference may be carried forward and used to repurchase additional shares in future quarters, subject to board approval. |

|             |
|-------------|
|             |  |  |  |
| Exhibit No. | Description |
| 31.1        | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by our President and Director * |
| 31.2        | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 by our Senior Vice President, Chief Financial Officer and Secretary * |
| 32.1        | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by our President and Director * |
| 32.2        | Certification Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 by our Senior Vice President, Chief Financial Officer and Secretary * |
| 101         | The following materials from General Communication, Inc.'s Quarterly Report on Form10-Q for the quarter ended June 30, 2014, formatted in XBRL (eXtensible BusinessReporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Income Statements; (iii) Consolidated Statements of Stockholders' Equity; (iv) Consolidated Statements of Cash Flows; and (v) Condensed Notes to Interim Consolidated Financial Statements * |
|        |   |   |   |
| *           | Filed herewith. |   |   |

----

|                      |
|----------------------|
|                      |  |  |  |  |
| Signature            |   | Title |   | Date |
|                 |   |   |   |   |
|                 |   |   |   |   |
| /s/ Ronald A. Duncan |   | President and Director |   | August 7, 2014 |
| Ronald A. Duncan     |   | (Principal Executive Officer) |   |   |
|                 |   |   |   |   |
| /s/ Peter J. Pounds  |   | Senior Vice President, Chief Financial |   | August 7, 2014 |
| Peter J. Pounds      |   | Officer and Secretary(Principal Financial Officer) |   |   |
|                 |   |   |   |   |
| /s/ Lynda L. Tarbath |   | Vice President, Chief Accounting |   | August 7, 2014 |
| Lynda L. Tarbath     |   | Officer (Principal Accounting Officer) |   |   |