----

----

|        |
|--------|
|        |  |  |
|   | 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 March 31, 2015 and December 31, 2014 | 4 |
|                                                      |   |   |   |
|                                                      |   | Consolidated Statements of Operations (unaudited) for the three months ended March 31, 2015 and 2014 | 6 |
|                                                      |   |   |   |
|                                                      |   | Consolidated Statements of Stockholders’ Equity (unaudited) for the three months ended March 31, 2015 and 2014 | 7 |
|                                                      |   |   |   |
|                                                      |   | Consolidated Statements of Cash Flows (unaudited) for the three months ended March 31, 2015 and 2014 | 8 |
|                                                      |   |   |   |
|                                                      |   | Condensed Notes to Interim Consolidated Financial Statements (unaudited) | 9 |
|                                                      |   |   |   |
|                                                      | Item 2. | Management’s Discussion and Analysis of Financial Condition and Results of Operations | 25 |
|                                                      |   |   |   |
|                                                      | Item 3. | Quantitative and Qualitative Disclosures About Market Risk | 34 |
|                                                      |   |   |   |
|                                                      | Item 4. | Controls and Procedures | 34 |
|                                                      |   |   |   |
| Part II.  OTHER INFORMATION                     |   |
|                                                      |   |   |   |
|                                                      | Item 2. | Unregistered Sales of Equity Securities and Use of Proceeds | 35 |
|                                                      |   |   |   |
|                                                      | Item 6. | Exhibits | 36 |
|                                                      |   |   |   |
|                                                      | Other items are omitted, as they are not applicable. |   |
|                                                      |   |   |   |
| SIGNATURES                                                | 37 |

----

----

|                                                                                                                                      |
|--------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                      |  |  |  |  |  |  |
|                                                                                                                                 |   |   |   |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                                                         |
| CONSOLIDATED BALANCE SHEETS                                                                                                          |
| (Unaudited)                                                                                                                          |
| (Amounts in thousands)                                                                                                               |   |   |   |
|                                                                                                                                 | March 31, |   | December 31, |
| ASSETS                                                                                                                               | 2015 |   | 2014 |
| Current assets:                                                                                                                      |   |   |   |
| Cash and cash equivalents                                                                                                            | $ | 42,807 |  |   | 15,402 |  |
|                                                                                                                                 |   |   |   |
| Receivables (including $0 and $27,944 from a related party at March 31, 2015 and December 31, 2014, respectively)                    | 198,721 |  |   | 212,441 |  |
| Less allowance for doubtful receivables                                                                                              | 6,152 |  |   | 4,542 |  |
| Net receivables                                                                                                                      | 192,569 |  |   | 207,899 |  |
|                                                                                                                                 |   |   |   |
| Deferred income taxes                                                                                                                | 64,620 |  |   | 56,120 |  |
| Inventories                                                                                                                          | 14,537 |  |   | 17,032 |  |
| Prepaid expenses                                                                                                                     | 13,644 |  |   | 12,179 |  |
| Other current assets                                                                                                                 | 3,146 |  |   | 153 |  |
| Total current assets                                                                                                                 | 331,323 |  |   | 308,785 |  |
|                                                                                                                                 |   |   |   |
| Property and equipment in service, net of depreciation                                                                               | 995,343 |  |   | 1,013,242 |  |
| Construction in progress                                                                                                             | 88,048 |  |   | 99,240 |  |
| Net property and equipment                                                                                                           | 1,083,391 |  |   | 1,112,482 |  |
|                                                                                                                                 |   |   |   |
| Goodwill                                                                                                                             | 233,335 |  |   | 229,560 |  |
| Cable certificates                                                                                                                   | 191,635 |  |   | 191,635 |  |
| Wireless licenses                                                                                                                    | 86,347 |  |   | 86,347 |  |
| Other intangible assets, net of amortization                                                                                         | 65,573 |  |   | 66,015 |  |
| Deferred loan and senior notes costs, net of amortization of $9,157 and $8,644 at March 31, 2015 and December 31, 2014, respectively | 16,758 |  |   | 10,949 |  |
| Other assets                                                                                                                         | 37,819 |  |   | 52,725 |  |
| Total other assets                                                                                                                   | 631,467 |  |   | 637,231 |  |
| Total assets                                                                                                                         | $ | 2,046,181 |  |   | 2,058,498 |  |
|                                                                                                                                 |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                                                       |
|                                                                                                                                 |   |  |   | (Continued) |

----

|                                                                                                                                                                                                                       |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                       |  |  |  |  |  |  |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                                                                                                                                          |
| CONSOLIDATED BALANCE SHEETS                                                                                                                                                                                           |
| (Unaudited)                                                                                                                                                                                                           |
| (Continued)                                                                                                                                                                                                           |
| (Amounts in thousands)                                                                                                                                                                                                |   |   |   |
|                                                                                                                                                                                                                  | March 31, |   | December 31, |
| LIABILITIES AND STOCKHOLDERS’ EQUITY                                                                                                                                                                            | 2015 |   | 2014 |
| Current liabilities:                                                                                                                                                                                                  |   |   |   |
|   Current maturities of obligations under long-term debt and    capital leases                                                                                                          | $ | 11,594 |  |   | 8,722 |  |
| Accounts payable (including $0 and $7,447 to a related party at March 31, 2015 and December 31, 2014, respectively)                                                                                                   | 54,699 |  |   | 76,918 |  |
| Deferred revenue                                                                                                                                                                                                      | 30,129 |  |   | 29,314 |  |
| Accrued payroll and payroll related obligations                                                                                                                                                                       | 27,153 |  |   | 32,803 |  |
| Accrued interest                                                                                                                                                                                                      | 24,265 |  |   | 6,654 |  |
| Accrued liabilities                                                                                                                                                                                                   | 18,381 |  |   | 14,457 |  |
| Subscriber deposits                                                                                                                                                                                                   | 1,537 |  |   | 1,212 |  |
| Total current liabilities                                                                                                                                                                                             | 167,758 |  |   | 170,080 |  |
|                                                                                                                                                                                                                  |   |   |   |
| Long-term debt, net                                                                                                                                                                                                   | 1,322,826 |  |   | 1,036,056 |  |
| Obligations under capital leases, excluding current maturities                                                                                                                                                        | 64,388 |  |   | 66,499 |  |
| Obligation under capital lease due to related party, excluding  current maturity                                                                                                                            | 1,849 |  |   | 1,857 |  |
| Deferred income taxes                                                                                                                                                                                                 | 189,571 |  |   | 187,872 |  |
| Long-term deferred revenue                                                                                                                                                                                            | 99,364 |  |   | 85,734 |  |
| Other liabilities                                                                                                                                                                                                     | 67,494 |  |   | 43,178 |  |
| Total liabilities                                                                                                                                                                                                     | 1,913,250 |  |   | 1,591,276 |  |
|                                                                                                                                                                                                                  |   |   |   |
| Commitments and contingencies                                                                                                                                                                                         |  |  |   |  |  |
| Stockholders’ equity:                                                                                                                                                                                           |   |  |   |   |  |
| Common stock (no par):                                                                                                                                                                                                |   |  |   |   |  |
| Class A. Authorized 100,000 shares; issued 37,458 and 37,998 shares at March 31, 2015 and December 31, 2014, respectively; outstanding 37,432 and 37,972 shares at March 31, 2015 and December 31, 2014, respectively | — |  |   | 13,617 |  |
| Class B. Authorized 10,000 shares; issued and outstanding 3,158 and 3,159 at March 31, 2015 and December 31, 2014, respectively; convertible on a share-per-share basis into Class A common stock                     | 2,667 |  |   | 2,668 |  |
| Less cost of 26 Class A common shares held in treasury at March 31, 2015 and December 31, 2014                                                                                                                        | (249 | ) |   | (249 | ) |
| Paid-in capital                                                                                                                                                                                                       | (9,140 | ) |   | 26,773 |  |
| Retained earnings                                                                                                                                                                                                     | 105,163 |  |   | 124,547 |  |
| Total General Communication, Inc. stockholders' equity                                                                                                                                                                | 98,441 |  |   | 167,356 |  |
| Non-controlling interests                                                                                                                                                                                             | 34,490 |  |   | 299,866 |  |
| Total stockholders’ equity                                                                                                                                                                                      | 132,931 |  |   | 467,222 |  |
| Total liabilities and stockholders’ equity                                                                                                                                                                      | $ | 2,046,181 |  |   | 2,058,498 |  |
|                                                                                                                                                                                                                  |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                                                                                                                                        |   |   |

----

|                                                                                                                    |
|--------------------------------------------------------------------------------------------------------------------|
|                                                                                                                    |  |  |  |  |  |  |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                                       |
| CONSOLIDATED STATEMENTS OF OPERATIONS                                                                              |
| (Unaudited)                                                                                                        |
|                                                                                                               |   |
|                                                                                                               | Three Months Ended |
|                                                                                                               | March 31, |
| (Amounts in thousands, except per share amounts)                                                                   | 2015 |   | 2014 |
| Revenues:                                                                                                          |   |   |   |
| Non-related party                                                                                                  | $ | 225,806 |  |   | 200,503 |  |
| Related party                                                                                                      | 5,283 |  |   | 15,780 |  |
| Total revenues                                                                                                     | 231,089 |  |   | 216,283 |  |
|                                                                                                               |   |   |   |
| Cost of goods sold (exclusive of depreciation and amortization shown separately below):                            |   |   |   |
| Non-related party                                                                                                  | 73,887 |  |   | 69,143 |  |
| Related party                                                                                                      | 881 |  |   | 2,631 |  |
| Total cost of goods sold                                                                                           | 74,768 |  |   | 71,774 |  |
|                                                                                                               |   |   |   |
| Selling, general and administrative expenses:                                                                      |   |   |   |
| Non-related party                                                                                                  | 83,388 |  |   | 70,742 |  |
| Related party                                                                                                      | 540 |  |   | 1,150 |  |
| Total selling, general and administrative expenses                                                                 | 83,928 |  |   | 71,892 |  |
|                                                                                                               |   |   |   |
| Depreciation and amortization expense                                                                              | 45,235 |  |   | 42,352 |  |
| Software impairment charge                                                                                         | 26,417 |  |   | — |  |
| Operating income                                                                                                   | 741 |  |   | 30,265 |  |
|                                                                                                               |   |   |   |
| Other income (expense):                                                                                            |   |  |   |   |  |
| Interest expense (including amortization of deferred loan fees)                                                    | (20,985 | ) |   | (18,211 | ) |
| Derivative instrument unrealized loss                                                                              | (2,120 | ) |   | — |  |
| Other                                                                                                              | (3,147 | ) |   | (97 | ) |
| Other expense, net                                                                                                 | (26,252 | ) |   | (18,308 | ) |
|                                                                                                               |   |   |   |
| Income (loss) before income taxes                                                                                  | (25,511 | ) |   | 11,957 |  |
| Income tax (expense) benefit                                                                                       | 6,786 |  |   | (1,196 | ) |
| Net income (loss)                                                                                                  | (18,725 | ) |   | 10,761 |  |
|                                                                                                               |   |   |   |
| Net income attributable to non-controlling interests                                                               | 544 |  |   | 9,621 |  |
|   Net income (loss) attributable to General Communication, Inc.                                          | $ | (19,269 | ) |   | 1,140 |  |
|                                                                                                               |   |   |   |
| Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share   | $ | (0.49 | ) |   | 0.03 |  |
| Basic net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share   | $ | (0.49 | ) |   | 0.03 |  |
| Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class A common share | $ | (0.49 | ) |   | 0.03 |  |
| Diluted net income (loss) attributable to General Communication, Inc. common stockholders per Class B common share | $ | (0.49 | ) |   | 0.03 |  |
|                                                                                                               |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                                     |

----

|                                                                                |
|--------------------------------------------------------------------------------|
|                                                                                |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                   |
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY                                |
| THREE MONTHS ENDED MARCH 31, 2015 AND 2014                                     |
| (Unaudited)                                                                    |
|                                                                           | Class ACommonStock |   | Class BCommonStock |   | Class ASharesHeld inTreasury |   | Paid-inCapital |   | RetainedEarnings |   | Non-controllingInterests |   | TotalStockholders’Equity |
|                                                                           |
| (Amounts in thousands)                                                         |
| Balances at January 1, 2014                                                    | $ | 11,467 |  |   | 2,673 |  |   | (866 | ) |   | 26,880 |  |   | 116,990 |  |   | 300,210 |  |   | 457,354 |  |
| Net income                                                                     | — |  |   | — |  |   | — |  |   | — |  |   | 1,140 |  |   | 9,621 |  |   | 10,761 |  |
| Common stock repurchases and retirements                                       | (529 | ) |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (529 | ) |
| Shares issued under stock option plan                                          | 157 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 157 |  |
| Issuance of restricted stock awards                                            | 915 |  |   | — |  |   | — |  |   | (915 | ) |   | — |  |   | — |  |   | — |  |
| Share-based compensation expense                                               | — |  |   | — |  |   | — |  |   | 1,772 |  |   | — |  |   | — |  |   | 1,772 |  |
| Issuance of treasury shares related to deferred compensation payment           | — |  |   | — |  |   | 617 |  |   | 98 |  |   | — |  |   | — |  |   | 715 |  |
| Distribution to non-controlling interest                                       | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (12,500 | ) |   | (12,500 | ) |
| Other                                                                          | 2 |  |   | (2 | ) |   | — |  |   | — |  |   | — |  |   | 100 |  |   | 100 |  |
| Balances at March 31, 2014                                                     | $ | 12,012 |  |   | 2,671 |  |   | (249 | ) |   | 27,835 |  |   | 118,130 |  |   | 297,431 |  |   | 457,830 |  |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balances at January 1, 2015                                                    | $ | 13,617 |  |   | 2,668 |  |   | (249 | ) |   | 26,773 |  |   | 124,547 |  |   | 299,866 |  |   | 467,222 |  |
| Net income (loss)                                                              | — |  |   | — |  |   | — |  |   | — |  |   | (19,269 | ) |   | 544 |  |   | (18,725 | ) |
| Common stock repurchases and retirements                                       | (16,878 | ) |   | — |  |   | — |  |   | — |  |   | (115 | ) |   | — |  |   | (16,993 | ) |
| Shares issued under stock option plan                                          | 295 |  |   | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 295 |  |
| Issuance of restricted stock awards                                            | 2,965 |  |   | — |  |   | — |  |   | (2,965 | ) |   | — |  |   | — |  |   | — |  |
| Share-based compensation expense                                               | — |  |   | — |  |   | — |  |   | 2,749 |  |   | — |  |   | — |  |   | 2,749 |  |
| Distribution to non-controlling interest                                       | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | (765 | ) |   | (765 | ) |
| Investment by non-controlling interest                                         | — |  |   | — |  |   | — |  |   | — |  |   | — |  |   | 3,209 |  |   | 3,209 |  |
| AWN non-controlling interest acquisition                                       | — |  |   | — |  |   | — |  |   | (35,467 | ) |   | — |  |   | (268,364 | ) |   | (303,831 | ) |
| Other                                                                          | 1 |  |   | (1 | ) |   | — |  |   | (230 | ) |   | — |  |   | — |  |   | (230 | ) |
| Balances at March 31, 2015                                                     | $ | — |  |   | 2,667 |  |   | (249 | ) |   | (9,140 | ) |   | 105,163 |  |   | 34,490 |  |   | 132,931 |  |
|                                                                           |   |   |   |   |   |   |   |   |   |   |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements. |

----

|                                                                                                           |
|-----------------------------------------------------------------------------------------------------------|
|                                                                                                           |  |  |  |  |  |  |
| GENERAL COMMUNICATION, INC. AND SUBSIDIARIES                                                              |
| CONSOLIDATED STATEMENTS OF CASH FLOWS                                                                     |
| THREE MONTHS ENDED MARCH 31, 2015 AND 2014                                                                |
| (Unaudited)                                                                                               |
| (Amounts in thousands)                                                                                    |   |   |   |
|                                                                                                      | 2015 |   | 2014 |
| Cash flows from operating activities:                                                                     |   |   |   |
| Net income (loss)                                                                                         | $ | (18,725 | ) |   | 10,761 |  |
| Adjustments to reconcile net income (loss) to net cash   provided by operating activities: |   |  |   |   |  |
| Depreciation and amortization expense                                                                     | 45,235 |  |   | 42,352 |  |
| Software impairment charge                                                                                | 26,417 |  |   | — |  |
| Deferred income tax expense (benefit)                                                                     | (6,786 | ) |   | 1,196 |  |
| Share-based compensation expense                                                                          | 2,801 |  |   | 1,778 |  |
| Other noncash income and expense items                                                                    | 6,938 |  |   | 1,664 |  |
| Change in operating assets and liabilities                                                                | 18,837 |  |   | 7,151 |  |
| Net cash provided by operating activities                                                                 | 74,717 |  |   | 64,902 |  |
| Cash flows from investing activities:                                                                     |   |  |   |   |  |
| Purchase of AWN non-controlling interest and ACS wireless assets                                          | (285,392 | ) |   | — |  |
| Purchases of property and equipment                                                                       | (49,332 | ) |   | (28,174 | ) |
| Grant proceeds                                                                                            | 14,007 |  |   | 716 |  |
| Note receivable issued to an equity method investee                                                       | (3,000 | ) |   | — |  |
| Purchases of other assets and intangible assets                                                           | (2,808 | ) |   | (1,463 | ) |
| Purchase of investments                                                                                   | — |  |   | (15,000 | ) |
| Restricted cash                                                                                           | 10 |  |   | 2,672 |  |
| Other                                                                                                     | (2,167 | ) |   | 49 |  |
| Net cash used for investing activities                                                                    | (328,682 | ) |   | (41,200 | ) |
| Cash flows from financing activities:                                                                     |   |  |   |   |  |
| Borrowing on Amended Senior Credit Facility                                                               | 295,000 |  |   | — |  |
| Issuance of Searchlight note payable and derivative stock appreciation rights                             | 75,000 |  |   | — |  |
| Repayment of debt and capital lease obligations                                                           | (61,350 | ) |   | (2,185 | ) |
| Purchase of treasury stock to be retired                                                                  | (16,993 | ) |   | (529 | ) |
| Payment of debt issuance costs                                                                            | (5,853 | ) |   | — |  |
| Distribution to non-controlling interest                                                                  | (4,932 | ) |   | (12,500 | ) |
| Proceeds from stock option exercises                                                                      | 295 |  |   | 157 |  |
| Borrowing on other long-term debt                                                                         | 203 |  |   | — |  |
| Net cash (used for) provided by financing activities                                                      | 281,370 |  |   | (15,057 | ) |
| Net increase in cash and cash equivalents                                                                 | 27,405 |  |   | 8,645 |  |
| Cash and cash equivalents at beginning of period                                                          | 15,402 |  |   | 44,971 |  |
| Cash and cash equivalents at end of period                                                                | $ | 42,807 |  |   | 53,616 |  |
|                                                                                                      |   |   |   |
| See accompanying condensed notes to interim consolidated financial statements.                            |

----

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

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

|         |                                                                                      |
|---------|--------------------------------------------------------------------------------------|
| • | Wireless telephone services and sale of wireless telephone handsets and accessories, |

|         |                 |
|---------|-----------------|
| • | Video services, |

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

|         |                                            |
|---------|--------------------------------------------|
| • | Local and long-distance telephone service, |

|         |                        |
|---------|------------------------|
| • | 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 |

|                                                                                            |
|--------------------------------------------------------------------------------------------|
|                                                                                            |  |  |  |  |  |
| Total consideration transfered to ACS                                                      |   | $ | 304,838 |  |
|                                                                                       |   |   |
| Allocation of consideration between wireless assets and non-controlling interest acquired: |   |   |
| AWN non-controlling interest                                                               |   | $ | 303,831 |  |
| Property and equipment                                                                     |   | 746 |  |
| Other intangible assets                                                                    |   | 261 |  |
| Total consideration                                                                        |   | $ | 304,838 |  |

|                                                                     |
|---------------------------------------------------------------------|
|                                                                     |  |  |  |  |  |
| Reduction of non-controlling interest                               |   | $ | 268,364 |  |
| Additional paid-in capital                                          |   | 35,467 |  |
| Fair value of consideration paid for acquisition of equity interest |   | $ | 303,831 |  |

----

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

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

|     |                                  |
|-----|----------------------------------|
| (g) | Earnings (Loss) per Common Share |

----

|                                                                                       |
|---------------------------------------------------------------------------------------|
|                                                                                       |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                  | Three Months Ended March 31, |
|                                                                                  | 2015 |   | 2014 |
|                                                                                  | Class A |   | Class B |   | Class A |   | Class B |
| Basic net income (loss) per share:                                                    |   |   |   |   |   |   |   |
| Numerator:                                                                            |   |   |   |   |   |   |   |
| Net income (loss) available to common stockholders                                    | $ | (17,723 | ) |   | (1,546 | ) |   | $ | 1,052 |  |   | 88 |  |
| Less: Undistributed income allocable to participating securities                      | — |  |   | — |  |   | (53 | ) |   | — |  |
| Undistributed income (loss) allocable to common stockholders                          | (17,723 | ) |   | (1,546 | ) |   | 999 |  |   | 88 |  |
| Denominator:                                                                          |   |  |   |   |  |   |   |  |   |   |  |
| Weighted average common shares outstanding                                       | 36,217 |  |   | 3,159 |  |   | 36,081 |  |   | 3,163 |  |
| Basic net income (loss) attributable to GCI common stockholders per common share | $ | (0.49 | ) |   | (0.49 | ) |   | $ | 0.03 |  |   | 0.03 |  |

|                                                                                                                                             |
|---------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                             |  |  |  |  |  |  |  |  |  |  |  |  |  |
| Diluted net income per share:                                                                                                               |   |  |   |   |  |   |   |  |   |   |  |
| Numerator:                                                                                                                                  |   |  |   |   |  |   |   |  |   |   |  |
| Allocation of undistributed earnings (loss) for basic computation                                                                           | $ | (17,723 | ) |   | (1,546 | ) |   | $ | 999 |  |   | 88 |  |
| Reallocation of undistributed earnings (loss) as a result of conversion of Class B to Class A shares                              | (1,546 | ) |   | — |  |   | 88 |  |   | — |  |
| Net income (loss) adjusted for allocation of undistributed earnings and effect of contracts that may be settled in cash or shares | $ | (19,269 | ) |   | (1,546 | ) |   | $ | 1,087 |  |   | 88 |  |
| Denominator:                                                                                                                                |   |  |   |   |  |   |   |  |   |   |  |
| Number of shares used in basic computation                                                                                                  | 36,217 |  |   | 3,159 |  |   | 36,081 |  |   | 3,163 |  |
| Conversion of Class B to Class A common shares outstanding                                                                             | 3,159 |  |   | — |  |   | 3,163 |  |   | — |  |
| Unexercised stock options                                                                                                                   | — |  |   | — |  |   | 118 |  |   | — |  |
| Number of shares used in per share computation                                                                                              | 39,376 |  |   | 3,159 |  |   | 39,362 |  |   | 3,163 |  |
| Diluted net income (loss) attributable to GCI common stockholders per common share                                                          | $ | (0.49 | ) |   | (0.49 | ) |   | $ | 0.03 |  |   | 0.03 |  |

----

|                                                                                                      |
|------------------------------------------------------------------------------------------------------|
|                                                                                                      |  |  |  |  |  |
|                                                                                                 | Three Months Ended  March 31, |
|                                                                                                 | 2015 |   | 2014 |
| Derivative instruments that may be settled in cash or shares, the effect of which is anti-dilutive   | 342 |  |   | — |  |
| Shares associated with anti-dilutive unexercised stock options                                       | 118 |  |   | 33 |  |
| Share-based compensation that may be settled in cash or shares, the effect of which is anti-dilutive | 26 |  |   | 26 |  |
| Total excluded                                                                                       | 486 |  |   | 59 |  |

|     |              |
|-----|--------------|
| (h) | Common Stock |

|                                                                               |
|-------------------------------------------------------------------------------|
|                                                                               |  |  |  |  |  |
|                                                                          | Class A |   | Class B |
| Balances at December 31, 2013                                                 | 37,299 |  |   | 3,165 |  |
| Class B shares converted to Class A                                           | 2 |  |   | (2 | ) |
| Shares issued upon stock option exercises                                     | 19 |  |   | — |  |
| Share awards issued                                                           | 1,119 |  |   | — |  |
| Shares retired                                                                | (26 | ) |   | — |  |
| Shares acquired to settle minimum statutory tax withholding requirements | (24 | ) |   | — |  |
| Balances at March 31, 2014                                                    | 38,389 |  |   | 3,163 |  |
|                                                                          |   |   |   |
| Balances at December 31, 2014                                                 | 37,998 |  |   | 3,159 |  |
| Class B shares converted to Class A                                           | 1 |  |   | (1 | ) |
| Shares issued upon stock option exercises                                     | 38 |  |   | — |  |
| Share awards issued                                                           | 572 |  |   | — |  |
| Shares retired                                                                | (1,091 | ) |   |  |  |
| Shares acquired to settle minimum statutory tax withholding requirements | (60 | ) |   | — |  |
| Balances at March 31, 2015                                                    | 37,458 |  |   | 3,158 |  |

----

|     |                                                            |
|-----|------------------------------------------------------------|
| (i) | Accounts Receivable and Allowance for Doubtful Receivables |

|     |                                  |
|-----|----------------------------------|
| (j) | Derivative Financial Instruments |

|     |                       |
|-----|-----------------------|
| (k) | Guarantee Liabilities |

|     |                     |
|-----|---------------------|
| (l) | Revenue Recognition |

----

|     |                  |
|-----|------------------|
| (m) | Use of Estimates |

|     |                                                  |
|-----|--------------------------------------------------|
| (n) | Classification of Taxes Collected from Customers |

|                           |
|---------------------------|
|                           |  |  |  |  |  |  |
|                      | Three Months Ended  March 31, |
|                      | 2015 |   | 2014 |
| Surcharges reported gross | $ | 1,148 |  |   | 1,134 |  |

|     |                   |
|-----|-------------------|
| (o) | Reclassifications |

----

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

|                                                                  |
|------------------------------------------------------------------|
|                                                                  |  |  |  |  |  |  |
| Three Months Ended March 31,                                     | 2015 |   | 2014 |
| Decrease in accounts receivable, net                             | $ | 7,859 |  |   | 8,295 |  |
| Increase in prepaid expenses                                     | (308 | ) |   | (3,581 | ) |
| Decrease in inventories                                          | 2,495 |  |   | 3,653 |  |
| Decrease in other current assets                                 | 7 |  |   | 26 |  |
| Increase in other assets                                         | (1,250 | ) |   | (142 | ) |
| Decrease in accounts payable                                     | (2,470 | ) |   | (8,594 | ) |
| Increase (decrease) in deferred revenues                         | (2,256 | ) |   | 1,462 |  |
| Decrease in accrued payroll and payroll related obligations      | (6,083 | ) |   | (8,476 | ) |
| Increase in accrued liabilities                                  | 3,891 |  |   | 1,015 |  |
| Increase in accrued interest                                     | 17,611 |  |   | 14,363 |  |
| Decrease in subscriber deposits                                  | (153 | ) |   | (140 | ) |
| Decrease in long-term deferred revenue                           | (251 | ) |   | (1,375 | ) |
| Increase (decrease) in components of other long-term liabilities | (255 | ) |   | 645 |  |
| Total change in operating assets and liabilities                 | $ | 18,837 |  |   | 7,151 |  |

|                                              |
|----------------------------------------------|
|                                              |  |  |  |  |  |  |
| Net cash paid or received:                   | 2015 |   | 2014 |
| Interest paid including capitalized interest | $ | 3,382 |  |   | 4,412 |  |

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |
|                                                            | 2015 |   | 2014 |
| Non-cash consideration for Wireless Acquisition                 | $ | 19,446 |  |   | — |  |
| Non-cash additions for purchases of property and equipment      | $ | 17,817 |  |   | 9,779 |  |
| Asset retirement obligation additions to property and equipment | $ | 243 |  |   | 361 |  |
| Net capital lease obligation                                    | $ | — |  |   | 9,385 |  |
| Distribution to non-controlling interest                        | $ | — |  |   | 4,167 |  |
| Deferred compensation distribution denominated in shares        | $ | — |  |   | 617 |  |

|                      |
|----------------------|
|                      |  |  |  |  |  |  |
|                 | Three Months Ended  March 31, |
|                 | 2015 |   | 2014 |
| Amortization expense | $ | 2,686 |  |   | 2,411 |  |

----

|                           |
|---------------------------|
|                           |  |  |  |
| Years Ending December 31, |   |
| 2015                      | $ | 9,897 |  |
| 2016                      | $ | 7,808 |  |
| 2017                      | $ | 5,510 |  |
| 2018                      | $ | 3,938 |  |
| 2019                      | $ | 3,068 |  |

|     |                |
|-----|----------------|
| (4) | Long-Term Debt |

----

|     |                                                    |
|-----|----------------------------------------------------|
| (5) | Fair Value Measurements and Derivative Instruments |

|                                                                                                            |
|------------------------------------------------------------------------------------------------------------|
|                                                                                                            |  |  |  |  |  |  |  |  |  |  |  |  |
| March 31, 2015                                                                                             | Level 1 (1) |   | Level 2 (2) |   | Level 3 (3) |   | Total |
| Assets:                                                                                                    |   |   |   |   |   |   |   |
| Deferred compensation plan assets (mutual funds)                                                           | $ | 1,899 |  |   | — |  |   | — |  |   | 1,899 |  |
| Liabilities:                                                                                               |   |   |   |   |   |   |   |
| Derivative stock appreciation rights                                                                       | $ | — |  |   | — |  |   | 23,780 |  |   | 23,780 |  |
|                                                                                                       |   |   |   |   |   |   |   |
| December 31, 2014                                                                                          | Level 1 (1) |   | Level 2 (2) |   | Level 3 (3) |   | Total |
| Assets:                                                                                                    |   |   |   |   |   |   |   |
| Deferred compensation plan assets (mutual funds)                                                           | $ | 2,068 |  |   | — |  |   | — |  |   | 2,068 |  |
|                                                                                                       |   |   |   |   |   |   |   |
| (1) Quoted prices in active markets for identical assets or liabilities                               |
| (2) Observable inputs other than quoted prices in active markets for identical assets and liabilities |
| (3) Inputs that are generally unobservable and not corroborated by market data                        |

|                            |
|----------------------------|
|                            |  |  |  |  |  |  |  |  |  |  |  |  |
|                       | March 31, 2015 |   | December 31, 2014 |
|                       | Carrying Amount |   | Fair Value |   | Carrying Amount |   | Fair Value |
| Current and long-term debt | $ | 1,326,172 |  |   | 1,376,834 |  |   | 1,036,678 |  |   | 1,055,952 |  |

|         |                                                                                                                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The fair values of the 6.75% Senior Notes due 2021 and the 8.63% Senior Notes due 2019 both issued by GCI, Inc., our wholly owned subsidiary, are based upon quoted market prices for the same or similar issues (Level 2). |

|         |                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The fair value of our Searchlight Note Payable is based on the current rates offered to us for similar remaining maturities (Level 3).   |

|         |                                                                                                                                                                                                               |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | The fair value of our Amended Senior Credit Facility and Wells Fargo note payable are estimated to approximate their carrying value because the instruments are subject to variable interest rates (Level 2). |

----

|                                                                            |
|----------------------------------------------------------------------------|
|                                                                            |  |  |  |
| Fair Value Measurement Using Level 3 Inputs                                |
|                                                                       | Derivative Stock Appreciation Rights |
| Balance, January 1, 2015                                                   | $ | — |  |
| Issuance                                                                   | 21,660 |  |
| Fair value adjustment at end of period, included in Other Income (Expense) | 2,120 |  |
| Balance, March 31, 2015                                                    | $ | 23,780 |  |

|     |                            |
|-----|----------------------------|
| (6) | Stockholders’ Equity |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |  |  |  |
|                                | Shares (in thousands) |   | Weighted Average Exercise Price |   | Weighted Average Remaining Contractual Term |   | Aggregate Intrinsic Value (in thousands) |
| Outstanding at January 1, 2015 | 308 |  |   | $ | 6.86 |  |   |   |   |   |
| Exercised                           | (38 | ) |   | $ | 7.77 |  |   |   |   |   |
| Outstanding at March 31, 2015  | 270 |  |   | $ | 6.74 |  |   | 3.9 years |   | $ | 2,438 |  |
| Exercisable at March 31, 2015  | 270 |  |   | $ | 6.74 |  |   | 3.9 years |   | $ | 2,438 |  |

|                              |
|------------------------------|
|                              |  |  |  |  |  |  |
|                         | Shares (in thousands) |   | WeightedAverageGrant DateFair Value |
| Nonvested at January 1, 2015 | 1,744 |  |   | $ | 9.11 |  |
| Granted                      | 572 |  |   | $ | 14.56 |  |
| Vested                       | (207 | ) |   | $ | 8.05 |  |
| Forfeited                    | (2 | ) |   | $ | 14.56 |  |
| Nonvested at March 31, 2015  | 2,107 |  |   |  |  |

----

|                     |
|---------------------|
|                     |  |  |  |  |  |  |  |  |  |
|                | Three Months Ended |
|                | Wireless |   | Wireline |   | Total Reportable Segments |
| March 31, 2015 |   |   |   |   |   |
| Revenues            | $ | 59,204 |  |   | 171,885 |  |   | 231,089 |  |
| Adjusted EBITDA     | $ | 37,387 |  |   | 37,916 |  |   | 75,303 |  |
|                |   |   |   |   |   |
| March 31, 2014 |   |  |   |   |  |   |   |  |
| Revenues            | $ | 62,517 |  |   | 153,766 |  |   | 216,283 |  |
| Adjusted EBITDA     | $ | 38,022 |  |   | 36,775 |  |   | 74,797 |  |

|                                                                 |
|-----------------------------------------------------------------|
|                                                                 |  |  |  |  |  |  |
|                                                            | Three Months Ended March 31, |
|                                                            | 2015 |   | 2014 |
| Reportable segment Adjusted EBITDA                              | $ | 75,303 |  |   | 74,797 |  |
| Less depreciation and amortization  expense           | (45,235 | ) |   | (42,352 | ) |
| Less software impairment charge                                 | (26,417 | ) |   | — |  |
| Less share-based compensation  expense                | (2,801 | ) |   | (1,778 | ) |
| Less accretion expense                                          | (450 | ) |   | (301 | ) |
| Other                                                           | 341 |  |   | (101 | ) |
| Consolidated operating income                                   | 741 |  |   | 30,265 |  |
| Less other expense, net                                         | (26,252 | ) |   | (18,308 | ) |
| Consolidated income (loss) before  income tax expense | $ | (25,511 | ) |   | 11,957 |  |

|     |                           |
|-----|---------------------------|
| (8) | Related Party Transaction |

----

|     |                            |
|-----|----------------------------|
| (9) | Variable Interest Entities |

----

|      |                     |
|------|---------------------|
| (10) | Software Impairment |

----

|      |                  |
|------|------------------|
| (11) | Subsequent Event |

----

----

|                                                          |
|----------------------------------------------------------|
|                                                          |  |  |  |  |
|                                                     | Three Months Ended March 31, |  | Percentage Change1 2015 |
|                                                     | 2015 | 2014 |  | vs. 2014 |
| Statements of Operations Data:                           |   |  |   |
| Revenues:                                                |   |   |  |   |
| Wireless segment                                         | 26% | 29% |   | (5)% |
| Wireline segment                                         | 74% | 71% |   | 12% |
| Total revenues                                           | 100% | 100% |   | 7% |
| Selling, general and administrative expenses             | 36% | 33% |   | 17% |
| Depreciation and amortization expense                    | 20% | 20% |   | 7% |
| Software impairment charge                               | 11% | —% |   | 100% |
| Operating income                                         | —% | 14% |   | (98)% |
| Other expense, net                                       | 11% | 8% |   | 43% |
| Income (loss) before income taxes                        | (11)% | 6% |   | (313)% |
| Net income (loss)                                        | (8)% | 5% |   | (274)% |
| Net income attributable to the non-controlling interests | —% | 4% |   | (94)% |
| Net income (loss) attributable to GCI                    | (8)% | 1% |   | (1,790)% |
|                                                     |   |   |   |   |
| 1Percentage change in underlying data                    |   |   |   |

----

|                    |
|--------------------|
|                    |  |  |  |  |  |  |  |  |  |
|               | Three Months Ended  March 31, |   | Percentage |
|               | 2015 |   | 2014 |   | Change |
| Revenue            | $ | 59,204 |  |   | 62,517 |  |   | (5 | )% |
| Cost of Goods Sold | $ | 17,531 |  |   | 18,713 |  |   | (6 | )% |
| Adjusted EBITDA    | $ | 37,387 |  |   | 38,022 |  |   | (2 | )% |

|         |                                                                                                                                                                                                                                                                                                                                                                              |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $4.6 million decrease in fee revenue for the three months ended March 31, 2015 when compared to the same period in 2014 primarily due to our transition to a fixed percentage allocation of plan fee revenue from the Wireline segment following the February 2, 2015 close of the Wireless Acquisition partially off-set by the increase in wireless subscribers, and |

|         |                                                                                                                                                                                                 |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.6 million decrease in roaming revenue for the three months ended March 31, 2015 when compared to the same period in 2014 primarily due to decreased traffic from our roaming partners. |

|         |                                                                                                                                                                                                                                                                                                                                                                                              |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.3 million decrease in distribution and capacity costs for the three months ended March 31, 2015 when compared to the same period in 2014 primarily because we were able to extend an agreement with a customer which resulted in the resolution of certain issues and the release of the related reserve and reduction of long distance traffic used by our wireless customers, and |

|         |                                                                                                                                                                                                    |
|---------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.9 million decrease in roaming costs for the three months ended March 31, 2015 when compared to the same period in 2014 primarily due to better management of permanent roaming customers. |

----

|                                        |
|----------------------------------------|
|                                        |  |  |  |  |
|                                   |   | 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 businesses, governmental entities, 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  March 31, |   | Percentage |
|                           | 2015 |   | 2014 |   | Change |
| Consumer                       |   |   |   |   |   |
| Wireless                       | $ | 16,410 |  |   | 7,491 |  |   | 119 |  % |
| Data                           | 31,272 |  |   | 26,944 |  |   | 16 |  % |
| Video                          | 29,225 |  |   | 27,249 |  |   | 7 |  % |
| Voice                          | 7,801 |  |   | 8,445 |  |   | (8 | )% |
| Business Services              |   |   |   |   |   |  |
| Wireless                       | 1,794 |  |   | 745 |  |   | 141 |  % |
| Data                           | 36,298 |  |   | 34,840 |  |   | 4 |  % |
| Video                          | 4,414 |  |   | 5,152 |  |   | (14 | )% |
| Voice                          | 10,706 |  |   | 11,741 |  |   | (9 | )% |
| Managed Broadband              |   |   |   |   |   |  |
| Data                           | 28,876 |  |   | 25,829 |  |   | 12 |  % |
| Voice                          | 5,089 |  |   | 5,330 |  |   | (5 | )% |
| Total Wireline segment revenue | $ | 171,885 |  |   | 153,766 |  |   | 12 |  % |

----

|                                     |
|-------------------------------------|
|                                     |  |  |  |  |  |  |  |  |  |
|                                | Three Months Ended  March 31, |   | Percentage |
|                                | 2015 |   | 2014 |   | Change |
| Wireline segment Cost of Goods Sold | $ | 57,237 |  |   | 53,061 |  |   | 8 | % |
| Wireline segment Adjusted EBITDA    | $ | 37,916 |  |   | 36,775 |  |   | 3 | % |

|                                                                                                                                                                                                                                                                                                                                                                                          |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                     | March 31, |  | Percentage |
|                                                                                                                                                                                                                                                                                                                                                                                     | 2015 |  | 2014 |  | Change |
| Consumer                                                                                                                                                                                                                                                                                                                                                                                 |   |  |   |  |   |
| Data:                                                                                                                                                                                                                                                                                                                                                                                    |   |  |   |  |   |
| Cable modem subscribers1                                                                                                                                                                                                                                                                                                                                                            | 121,700 |  |  | 116,400 |  |  | 5 |  % |
| Video:                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |  |
| Basic subscribers2                                                                                                                                                                                                                                                                                                                                                                  | 114,700 |  |   | 118,000 |  |   | (3 | )% |
| Digital programming tier subscribers3                                                                                                                                                                                                                                                                                                                                               | 62,300 |  |   | 66,900 |  |   | (7 | )% |
| HD/DVR converter boxes4                                                                                                                                                                                                                                                                                                                                                             | 109,900 |  |   | 101,200 |  |   | 9 |  % |
| Homes passed                                                                                                                                                                                                                                                                                                                                                                             | 248,700 |  |   | 248,000 |  |   | — |  % |
| Video ARPU - quarter-to-date5                                                                                                                                                                                                                                                                                                                                                            | $ | 84.37 |  |   | $ | 76.98 |  |   | 10 |  % |
| Voice:                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |  |
| Total local access lines in service6                                                                                                                                                                                                                                                                                                                                                     | 53,400 |  |   | 59,800 |  |   | (11 | )% |
| Business Services                                                                                                                                                                                                                                                                                                                                                                        |   |   |   |   |   |  |
| Data:                                                                                                                                                                                                                                                                                                                                                                                    |   |   |   |   |   |  |
| Cable modem subscribers1                                                                                                                                                                                                                                                                                                                                                            | 14,100 |  |   | 14,000 |  |   | 1 |  % |
| Voice:                                                                                                                                                                                                                                                                                                                                                                                   |   |   |   |   |   |  |
| Total local access lines in service6                                                                                                                                                                                                                                                                                                                                                     | 47,500 |  |   | 48,500 |  |   | (2 | )% |
| Combined Consumer and Business Services                                                                                                                                                                                                                                                                                                                                                  |   |   |   |   |   |  |
| Wireless                                                                                                                                                                                                                                                                                                                                                                                 |   |   |   |   |   |  |
| Consumer Lifeline wireless lines in service7                                                                                                                                                                                                                                                                                                                                             | 26,300 |  |   | 29,500 |  |   | (11 | )% |
| Consumer non-Lifeline wireless lines in service8                                                                                                                                                                                                                                                                                                                                         | 183,700 |  |   | 94,400 |  |   | 95 |  % |
| Business Services non-Lifeline wireless lines in service8                                                                                                                                                                                                                                                                                                                                | 28,600 |  |   | 18,500 |  |   | 55 |  % |
| Total wireless lines in service                                                                                                                                                                                                                                                                                                                                                          | 238,600 |  |   | 142,400 |  |   | 68 |  % |
| Wireless ARPU - quarter-to-date9                                                                                                                                                                                                                                                                                                                                                         | $ | 48.23 |  |   | $ | 50.01 |  |   | (4 | )% |
| Cable Modem ARPU - quarter-to-date10                                                                                                                                                                                                                                                                                                                                                     | $ | 83.93 |  |   | $ | 75.93 |  |   | 11 |  % |
| 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 for the three months ended March 31, 2015 and 2014.                                                                                                                                                                             |
| 6 A local access line in service is defined as a revenue generating circuit or channel connecting a customer to the public switched telephone network.                                                                                                                                                                                                                              |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |  |  |  |  |  |  |  |  |  |  |
| 7 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.                                                                                                                                                                                                                                                                                                                                    |
| 8 A non-Lifeline wireless line in service is defined as a revenue generating wireless device that is not eligible for Lifeline support.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
| 9 The average of the monthly wireless revenues, excluding those from common carrier customers, divided by the number of wireless subscribers at the end of of each month for each of the months in the three months ended March 31, 2015.  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 for the three months ended March 31, 2014. 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. |
| 10 Applicable average monthly cable modem revenues divided by the average number of subscribers at the beginning and end of each month in the period for the three months ended March 31, 2015 and 2014.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |

|         |                                                                                                                                                   |
|---------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $3.5 million increase due to the acquisition of ACS' wireless subscribers following the February 2, 2015 close of the Wireless Acquisition, |

|         |                                                                                                                                                                                                                                                                                                                                                                             |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | $3.8 million due to an increase in the number of financed devices.  In late 2014 we began encouraging our customers to purchase wireless devices through our financing program instead of subsidizing their device purchases.  We offer a discount on the monthly plan fee for customers who choose to finance their device rather than buying a subsidized device, and |

|         |                                                                                 |
|---------|---------------------------------------------------------------------------------|
| • | An increase in the number of subscribers not including those acquired from ACS. |

|         |                                                                                                                               |
|---------|-------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.1 million or 13%  increase in video Cost of Goods Sold primarily due to increased rates paid to programmers, |

|         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.8 million or 23% increase in wireless Cost of Goods Sold primarily due to an increase in the number of handsets sold partially offset by an increase in subsidies received from the Wireless segment for the purchase of wireless handsets.  Subsequent to the initial AWN transaction close on July 22, 2013 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 $0.9 million or 22% increase in the costs to provide services for Rural Health and SchoolAccess customers. |

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|         |                                                                                                                                       |
|---------|---------------------------------------------------------------------------------------------------------------------------------------|
| • | A $6.8 million increase in costs related to the acquisition of ACS' wireless subscribers and its non-controlling interest in AWN, |

|         |                                                                                                                                     |
|---------|-------------------------------------------------------------------------------------------------------------------------------------|
| • | A $3.7 million increase in labor costs for the three months ended March 31, 2015, when compared to the same period in 2014, and |

|         |                                                                                                                                                      |
|---------|------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $1.0 million increase in share-based compensation expense for the three months ended March 31, 2015, when compared to the same period in 2014. |

|         |                                                                                                                                                                         |
|---------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.1 million unrealized loss recorded for a derivative instrument where we issued 3.0 million stock appreciation rights to Searchlight ALX, L.P. ("Searchlight"), |

|         |                                                                                                                                                                                                                                                           |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| • | A $2.6 million net loss from adjusting to fair value the assets included in the consideration transfered in the Wireless Acquisition and adjusting to fair value amendments to certain agreements related to the right to use ACS network assets, and |

|         |                                                                                                                            |
|---------|----------------------------------------------------------------------------------------------------------------------------|
| • | A $2.8 million increase in interest expense attributable to increased borrowing on our Amended Senior Credit Facility. |

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|                                           |
|-------------------------------------------|
|                                           |  |  |  |  |  |  |
|                                      | Three Months Ended March 31, |
|                                      | 2015 |   | 2014 |
| Operating activities                      | $ | 74,717 |  |   | 64,902 |  |
| Investing activities                      | (328,682 | ) |   | (41,200 | ) |
| Financing activities                      | 281,370 |  |   | (15,057 | ) |
| Net increase in cash and cash equivalents | $ | 27,405 |  |   | 8,645 |  |

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|     |                 |
|-----|-----------------|
| (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 March 31, 2015: |

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|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | (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 |
| January 1, 2015 to January 31, 2015                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 26,046 |  |   | $ | 13.85 |  |   | — |  |   | $ | 127,495,416 |  |
| February 1, 2015 to February 28, 2015                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 23,445 |  |   | $ | 14.55 |  |   | 17 |  |   | $ | 127,502,098 |  |
| March 1, 2015 to March 31, 2015                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 1,099,846 |  |   | $ | 14.81 |  |   | 1,089,254 |  |   | $ | 111,379,497 |  |
| Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 1,149,337 |  |   |   |  |   |   |  |   |   |  |
| 1 Consists of 1,089,271 shares from open market purchases made under our publicly announced repurchase plan and 60,066 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 $363.7 million through March 31, 2015, consisting of $358.4 million through December 31, 2014, and an additional $5.3 million during the three months ended March 31, 2015. We have made total repurchases under the program of $252.3 million through March 31, 2015. 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 |
| 10.1        | Twenty-First Amendment to the Full-Time Transponder Capacity Agreement (Pre-Launch) between Intelsat Corporation and GCI Communication, Corp. dated February 26, 2015 # * |
| 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 March 31, 2015, formatted in XBRL (eXtensible BusinessReporting Language): (i) Consolidated Balance Sheets; (ii) Consolidated Statements of Operations; (iii) Consolidated Statements of Stockholders' Equity; (iv) Consolidated Statements of Cash Flows; and (v) Condensed Notes to Interim Consolidated Financial Statements * |
|        |   |   |   |
| #           | CONFIDENTIAL PORTION has been omitted pursuant to a request for confidential treatment by us to, and the material has been separately filed with, the SEC. Each omitted Confidential Portion is marked by three asterisks. |
| *           | Filed herewith. |   |   |

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|                      |
|----------------------|
|                      |  |  |  |  |
| Signature            |   | Title |   | Date |
|                 |   |   |   |   |
|                 |   |   |   |   |
| /s/ Ronald A. Duncan |   | President and Director |   | May 8, 2015 |
| Ronald A. Duncan     |   | (Principal Executive Officer) |   |   |
|                 |   |   |   |   |
| /s/ Peter J. Pounds  |   | Senior Vice President, Chief Financial |   | May 8, 2015 |
| Peter J. Pounds      |   | Officer and Secretary(Principal Financial Officer) |   |   |
|                 |   |   |   |   |
| /s/ Lynda L. Tarbath |   | Vice President, Chief Accounting |   | May 8, 2015 |
| Lynda L. Tarbath     |   | Officer (Principal Accounting Officer) |   |   |