EXHIBIT 99.1

Exhibit 99.1

November 5, 2003

John Lowber, (907) 868-5628; jlowber@gci.com
Bruce Broquet, (907) 868-6660; bbroquet@gci.com
David Morris, (907) 265-5396; dmorris@gci.com

FOR IMMEDIATE RELEASE

GCI REPORTS DETAILED THIRD QUARTER 2003 FINANCIAL RESULTS

o Restructured bank facility to save $6 million per year in interest
costs
o Net income of $4.5 million or $0.07 per diluted share
o Consolidated revenue of $98.3 million
o EBITDA of $30.7 million

ANCHORAGE, AK -- GCI (NASDAQ:GNCMA) today reported net income of $4.5
million, or earnings per diluted share of $0.07, for the third quarter of 2003.
The company's third quarter net income compares to income of $5.1 million, or
earnings per diluted share of $0.08, in the same period of 2002.

For the nine months that ended September 30, 2003, GCI recorded net
income of $11.9 million, or earnings per diluted share of $0.18. This is after
the cumulative effect of a change in accounting principle, net of income tax
benefit, of ($0.5) million, or earnings per diluted share of ($0.01). During the
same period in 2002, GCI recorded net income of $6.2 million, or earnings per
share of $0.08.

GCI's third quarter 2003 revenues totaled $98.3 million, an increase of
3.9 percent over third quarter 2002 revenues of $94.6 million. For the current
quarter, earnings before interest, taxes, depreciation, amortization and
accretion (EBITDA) totaled $30.7 million, an increase of $0.4 million or 1.3
percent over the same quarter in 2002. Third quarter 2002 EBITDA totaled $30.3
million.

Sequentially, revenues for the company increased 2.5 percent over
second quarter 2003 revenues of $95.9 million. GCI's third quarter EBITDA of
$30.7 million compares to EBITDA of $30.8 million in the second quarter of 2003.

For the third quarter 2003, GCI exceeded its revenue guidance but was
below its EBITDA guidance. The company provided guidance for revenues of
approximately $95 million to $97 million, and approximately $32 million of
EBITDA. The reduction in EBITDA is attributed primarily to increases in
operating costs associated with regulatory proceedings and marketing costs. In
addition, GCI recorded a benefit of approximately $0.65 million relating to the
reduction of its reserve for uncollectible accounts from MCI, but the effect was
mostly offset by an addition to the reserve for a potentially uncollectible
amount under another contract.

GCI has closed the restructuring of its senior bank facility reducing
the interest rate it pays from LIBOR plus 650 basis points to LIBOR plus 325
basis points. The reduced borrowing rate is expected to save GCI approximately
$6 million per year in interest costs based on the current loan balance. In
connection with the restructuring GCI plans to write off approximately $5.0
million in un-amortized loan fees in the fourth quarter of 2003.

"While we are disappointed that we missed the third quarter EBITDA
guidance that should not distract from the fact that we turned in a solid
quarter," said Ron Duncan, GCI president. "We generated record revenues and for
all but one of our business units revenues were up over last year."
"I said nine months ago that this would be a challenging year and it
has been. However, there is much good news on the horizon. MCI's traffic is
recovering and they are poised to emerge from bankruptcy. The Alaska economy is
strong and there is reason to believe the Lower 48 economy may be turning the
corner."

"Additionally, the State of Alaska recently terminated a major contract
with a competitor and we now have the opportunity to capture a significant new
business there. GCI continues to perform solidly and is well positioned to
continue our growth."

"We look forward to the results of the fourth quarter when we expect
revenues of approximately $103 million to $105 million and EBITDA of
approximately $31 million, excluding the effects of any receivable recovery from
MCI."

Customer Highlights
o The local services business added 1,500 access lines during the third
quarter and now serves 103,400 local lines, an estimated 21 percent share
of the total access line market in Alaska.
o The number of customers served on GCI's statewide dial-up Internet platform
decreased during the third quarter as more customers continue to migrate to
cable modems. More than 42,800 Internet customers are using GCI cable modem
service, an increase of 2,300 over the second quarter of 2003.
o GCI cable television services now pass 201,127 homes and serve 135,300
basic subscribers. Basic subscribers decreased sequentially by 1,930
subscribers from the second quarter of 2003. The decrease in subscribers is
attributable in part to normal seasonal declines of hotel customers and
slower reconnections of residential customers for the fall and winter
seasons.
o Digital special interest subscribers increased sequentially by 4,100 when
compared to the second quarter of 2003. GCI serves 34,800 digital customers
in Anchorage, Fairbanks, Juneau, Kenai, Soldotna, Ketchikan and the Mat-Su
Valley area.
o Long-distance billable minutes increased 4.7 percent to 314.4 million
minutes for the third quarter as compared to the same quarter of 2002, and
increased 11.8 percent sequentially.

Long Distance Results
Long distance and related revenues for the third quarter of 2003
decreased $0.3 million, or 0.5 percent, to $60.2 million as compared to $60.5
million for the third quarter of 2002. Broadband, private line and other data
revenues including high capacity leases increased 21.1 percent to $21.8 million
during the third quarter of 2003 as compared to $18.0 million in the same period
of 2002. The increase in broadband, private line and dedicated data services
revenues, product sales and high capacity lease revenues of $3.8 million offset
a $3.3 million decrease in switched minutes revenues for the third quarter of
2003. Switched minutes revenues, as expected, continue to decline as a result of
lower rates. For the third quarter of 2003 long distance EBITDA totaled $20.5
million as compared to $21.5 million in the third quarter of 2002. The decline
in EBITDA for the third quarter of 2003 is primarily attributable to an increase
in general and administrative expenses.

Long distance revenues of $60.2 million for the third quarter of 2003
are up $2.2 million, an increase of 3.8 percent, from $58.0 million in the
second quarter of 2003. Switched minutes revenues increased $1.6 million
sequentially from the second quarter of 2003 primarily due to the seasonal
increase in minutes offset, in part, by slightly lower rates. Broadband, private
line and other data revenues including high capacity leases increased 2.8
percent from $21.2 million in the second quarter of 2003. Long distance EBITDA
of $20.5 million for the third quarter of 2003 increased 5.7 percent from $19.4
million in the second quarter of 2003. The sequential increase in EBITDA is
primarily attributable to the increase in revenues.

Total minutes-of-use are up 4.7 percent in the third quarter of 2003
when compared to the third quarter of 2002. Sequentially, minutes-of-use are up
11.8 percent over the prior quarter of 2003. The increase in minutes is
attributable to the seasonal increase in network minutes, including an increase
in minutes carried for other common carriers.

The total number of billed long distance customers decreased 2.3
percent when customer counts are compared between September 2003 and June 2003.

Cable Television Results
Cable television revenues for the third quarter increased 7.2 percent
to $23.7 million from $22.1 million in the third quarter of 2002, and were down
slightly from $23.9 million in the second quarter of 2003. EBITDA of $9.7
million for the third quarter of 2003 remained steady from the third quarter of
2002, and decreased 11.8 percent from $11.0 million in the second quarter of
2003. The increase in revenues year-over-year is due, in part, to the increase
in basic subscribers and more sales of digital television and cable modem
services. The sequential decline in EBITDA is due, in part, to higher
programming costs and marketing costs related to the launch of the Alaska
Airlines mileage plan announced on September 2, 2003.

Gross margins, as a percentage of revenues, decreased by 176 basis
points year-over-year and 117 basis points sequentially. The company incurred
increases in programming costs during the third quarter of 2003 that were not
offset by the growth rate in higher value products such as digital cable service
and cable modems. GCI expects the growth in digital cable service and cable
modems will help mitigate the margin effects of increasing programming and
copyright costs in future periods.

As of September 30, 2003, the company's cable television operation
passes 201,127 homes and serves 135,300 basic subscribers (109,885 equivalent
basic subscribers). For the third quarter, average revenue per equivalent basic
subscriber was $71.77, an increase of 8.1 percent when compared to the third
quarter 2002 average revenue of $66.38. Sequentially, average revenue was up 1.1
percent, from $70.99, over the second quarter of 2003. Basic subscribers
decreased sequentially by 1,930 subscribers from the second quarter of 2003. The
decrease in subscribers is attributable, in part, to normal seasonal declines of
hotel customers and slower reconnections of residential customers for the fall
and winter seasons.

The company offers digital special interest (DSI) cable television
service in Anchorage, Fairbanks, Juneau, Kenai, Soldotna, Ketchikan and the
Mat-Su Valley area. GCI served 34,800 DSI customers at the end of the third
quarter of 2003, an increase of 4,100 customers over the second quarter of 2003.
The increase in DSI customers is attributed, in part, to the roll out of DSI
service in Ketchikan, completion of the roll out in the Mat-Su Valley area and
new marketing efforts, mainly in the Anchorage area.

GCI, along with the other largest publicly traded multiple system
operators, signed a pledge to support and adhere to new voluntary reporting
guidelines on common operating statistics to provide investors and others with a
better understanding of the company's operations. The operating statistics below
include capital expenditures and customer information from our cable services
segment and the components of our local access services and Internet services
segments which offer services utilizing our cable services' facilities.
GCI's capital expenditures by standard reporting category for the
nine-months ending September 30, 2003 and 2002 follow (amounts in thousands):

2003 2002
------------ ------------
Customer premise equipment ("CPE") $ 6,880 5,763
Commercial 380 443
Scalable infrastructure 1,000 2,757
Line extensions 601 620
Upgrade/rebuild 1,816 3,846
Support capital 372 5,398
------------ ------------
$ 11,049 18,827
------------ ------------

The standard definition of a customer relationship is the number of
customers who receive at least one level of service, encompassing voice, video,
and data services, without regard to which services customers purchase. These
relationships do not include local telephone customers except those served by
the cable television plant. At September 30, 2003 and 2002, GCI's cable business
had 122,379 and 120,133 customer relationships, respectively.

The standard definition of a revenue-generating unit is the sum of all
primary analog video, digital video, high-speed data and telephony customers,
not counting additional outlets. At September 30, 2003 and 2002, GCI's cable
business had 178,168 and 167,606 revenue generating units, respectively. The
increase in the revenue generating units of 375 and 1,174 from June 30, 2003 and
2002, respectively, is due to an increase in the number of cable modem customers
partially offset by the seasonal decline in hotels that only subscribe to cable
television services for the summer tourist season. Each hotel room is considered
a revenue-generating unit.

Local Telephone Results
For the third quarter 2003, local telephone service revenues totaled
$9.5 million, an increase of 17.3 percent, when compared to $8.1 million in the
third quarter of 2002. Sequentially, revenue increased 3.3 percent, from $9.2
million, over the second quarter of 2003. The increase in year-over-year and
sequential revenues is attributable to increasing customer counts.

In the third quarter, local services generated a $0.9 million EBITDA
loss, an improvement of $0.5 million over the $1.4 million loss in the third
quarter of 2002. Sequentially, the third quarter EBITDA loss was slightly less
than the $1.0 million EBITDA loss in the second quarter of 2003. If the local
telephone business was given credit for access cost savings on calls placed by
GCI long distance customers who are also GCI local customers, the company's
local telephone business would have reported positive EBITDA. In the third
quarter of 2003 these access cost savings totaled $1.6 million. GCI's local
telephone business has been generating positive cash flow on a stand-alone basis
since the first quarter of 2000.

At the end of third quarter 2003, GCI provided local service to
approximately 103,400 access lines statewide. This represents an increase of
1,500 access lines, or 1.5 percent, over the 101,900 access lines reported at
the end of the second quarter 2003. The company estimates it has attained a 21
percent share of the total access line market in Alaska. Approximately 87
percent of GCI's access lines are provisioned on its own facilities or on resold
local loops.

Internet Access Results
At the end of the third quarter 2003, GCI had 93,900 total statewide
Internet customers, an increase of 1,700 customers sequentially and 8,000
year-over-year. GCI's total statewide Internet customers included 42,800
subscribers using cable modem
access. This represents an increase of 2,300 subscribers, or 5.7 percent, over
the prior quarter's subscriber count of 40,500. On a year-over-year basis, GCI
experienced a 29.7 percent increase in cable modem subscribers, from 33,000,
over the third quarter of 2002.

Internet access revenues for the third quarter 2003 totaled $4.9
million, an increase of 25.6 percent year-over-year and 2.1 percent
sequentially. Third quarter 2002 revenues were $3.9 million and second quarter
2003 revenues were $4.8 million. The increase in Internet access revenues is
attributed to existing subscribers adding additional features and services, and
customer migration from the dial-up platform to cable modem or GCI's LiveWire
high speed Internet service.

The third quarter EBITDA totaled $1.3 million, an improvement of $0.7
million year-over-year and a decrease of $0.1 million sequentially. Third
quarter 2002 EBITDA was $0.6 million and second quarter 2003 EBITDA was $1.4
million. Year-over-year results continue to improve, reflecting increasing
economies of scale, operating cost controls and migration of dial up customers
to higher speed Internet service. Sequential EBITDA is down slightly due to
marketing costs associated with the Alaska Airlines mileage plan, partially
offsetting the effect of continued revenue growth.

During the first quarter of 2003, GCI began offering a new cable modem
service called LiteSpeed. It is positioned as an alternative product between
dial-up service and high speed cable modem service. LiteSpeed is offered at
$24.99 per month to GCI long distance customers. At the end of the third quarter
2003, GCI had 1,800 LiteSpeed customers, a sequential increase of 550 customers
over the second quarter of 2003.

GCI began offering Internet access services during 1998 and its dial-up
Internet service is offered in most major Alaska markets. GCI high speed
Internet service is available to more than 95 percent of the homes in Alaska.

Other Items
During the three months ending September 30, 2003, core capital
expenditures decreased to $12.2 million as compared to $16.8 million in the
third quarter of 2002. Additionally, GCI spent $4.8 million relating to the new
undersea fiber. GCI generated approximately $4.3 million of free cash flow
during the third quarter before repayment of $5.0 million of senior debt.

GCI will hold a conference call to discuss the quarter's results on
Thursday, November 6, 2003 beginning at 2 p.m. (Eastern). To access the briefing
on November 6, dial 888-791-1856 (international callers should dial
773-756-4602) and identify your call as "GCI." In addition to the conference
call, GCI will make available net conferencing. To access the call via net
conference, log on to www.gci.com and follow the instructions. A reply of the
call will be available for 72-hours by dialing 800-925-1760, access code 7461
(international callers should dial 402-998-0846).

GCI is the largest Alaska-based and operated integrated
telecommunications provider. The company provides local, wireless, and long
distance telephone, cable television, Internet and data communication services.
More information about the company can be found at www.gci.com.

The foregoing contains forward-looking statements regarding the
company's expected results that are based on management's expectations as well
as on a number of assumptions concerning future events. Actual results might
differ materially from those projected in the forward looking statements due to
uncertainties and other factors, many of which are outside GCI's control.
Additional information concerning factors that could cause actual results to
differ materially from those in the forward looking statements is
contained in GCI's cautionary statement sections of Form 10-K and 10-Q filed
with the Securities and Exchange Commission.

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