EXHIBIT 99.1

Exhibit 99.1

February 18, 2004
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 2003 FINANCIAL RESULTS

- - GCI closes $250 million bond issue to refinance existing $180 million
- - Net income of $15.5 million or $0.24 per diluted share
- - Consolidated revenues of $390.8 million
- - EBITDA of $126.9 million, as adjusted


ANCHORAGE, AK -- GCI (NASDAQ:GNCMA) today reported its 2003 results
with net income of $15.5 million, or earnings per diluted share of $0.24. The
company's 2003 net income compares to income of $6.7 million, or earnings per
diluted share of $0.08, in 2002. GCI recorded net income of $3.7 million or
$0.06 per diluted share in the fourth quarter of 2003 that compares to net
income of $0.5 million or $0.00 per share on a diluted basis for the fourth
quarter of 2002. Net income for 2003 included a recovery of bad debt from the
2002 WorldCom accounts receivable write-off as well as a write-off related to
the shut down of a first generation fiber to the lower 48 that occurred shortly
after the 2003 year-end.

GCI's revenues for 2003 increased to $390.8 million, an increase of 6.3
percent over 2002 revenues of $367.8 million. For the fourth quarter of 2003,
revenues totaled $103.8 million as compared to $92.3 million in the fourth
quarter of 2002, an increase of 12.5 percent. Sequentially, revenues increased
5.6 percent over third quarter 2003 revenues of $98.3 million.

Earnings before interest, taxes, depreciation, amortization and
accretion (EBITDA) for 2003 totaled $126.9 million, as adjusted, to exclude a
$5.4 million impairment charge related to the shut down of a first generation
fiber to the lower 48. EBITDA for 2002 totaled $102.1 million. Excluding a total
of $2.8 million of WorldCom bad debt recoveries in 2003 and the $11.0 million
bad debt reserve charge originally recorded in 2002, EBITDA for 2003 increased
$11.0 million or 9.7 percent over 2002.

Fourth quarter 2003 EBITDA totaled $36.5 million, as adjusted, to
exclude the $5.4 million impairment charge and compares to $28.1 million
reported for the fourth quarter of 2002. Excluding the WorldCom bad debt
recovery recorded in the fourth quarter, EBITDA increased $6.2 million or 22.1
percent over the fourth quarter of 2002. Sequentially, fourth quarter 2003
EBITDA of $36.5 million increased 14.1 percent or $4.2 million over the third
quarter 2003 EBITDA of $30.7 million, after excluding the WorldCom bad debt
recoveries of $2.2 million and $0.6 million in the fourth and third quarters of
2003, respectively.

"We are pleased to report our seventh consecutive year of record high
revenues and EBITDA," said Ron Duncan, GCI president. "The capital markets
improved steadily throughout the year, large scale bankruptcies were few and the
telecom and cable stock indices recovered some of their losses from previous
years. We took advantage of these improving markets to cut the interest rate in
half on our senior bank facility and refinanced our $180 million, 9.75 percent
coupon, senior notes with a new issue at a 7.25 percent coupon. Collectively,
this will lower our annual cash interest costs by $8 million. Our ability to
create free cash flows and invest it in ways that maximize shareholder value has
never been greater."

"We performed solidly in a year when much of the rest of the telecom
industry remained weak and we are well positioned going into 2004. We anticipate
revenues of $410 million to $420 million and EBITDA of $137 million to $142
million, including the expected recovery of the remaining $8.0 million WorldCom
bad debt reserve charge from 2002. For the first quarter of 2004 we expect
revenues of $100 million to $102 million and EBITDA of approximately $29 to $30
million, before any WorldCom recoveries."

Customer Highlights:
- The local services business added 10,100 access lines during 2003 and
at year-end had more than 106,100 total access lines in service
representing a 22 percent share of the total access line market in
Alaska. The company added approximately 2,700 access lines in the
fourth quarter of 2003.

- GCI's had 95,700 statewide Internet customers at the end of 2003, an
increase of 6,200 subscribers as compared with 89,500 users at the end
of 2002. More than 46,000 of these Internet customers are using GCI
cable modem access, an increase of 9,800 over the 36,200 at year-end
2002. The company added 1,800 Internet subscribers and 3,200 new cable
modem users during the fourth quarter of 2003.

- GCI cable television services now pass 202,191 homes and serve 134,350
basic subscribers at the end of 2003. Basic subscribers decreased 1.3
percent from the fourth quarter of 2002 and decreased sequentially by
0.7 percent from the third quarter of 2003.

- Digital special interest subscribers at the end of 2003 total 34,900,
an increase of 4,400 subscribers for the year. GCI added 100 new
digital special interest subscribers during the fourth quarter of 2003.

- Long-distance billable minutes increased 2.7 percent to 1.159 billion
minutes for the year 2003 as compared to 2002. Minutes for the fourth
quarter of 2003 increased 15.5 percent year-over-year and decreased 3.1
percent sequentially from the third quarter of 2003 due to seasonality.

Long Distance Results
Long distance and related revenues for 2003 were up 1.9 percent to
$236.0 million as compared to $231.5 million for the prior year. For 2003, long
distance EBITDA totaled $81.7 million as adjusted to exclude the $5.4 million
impairment charge, as compared to $65.6 million in 2002, an increase of 24.5
percent. The increases in year-over-year revenue are primarily attributable to
an increase in managed services, broadband, private line and dedicated data
services revenues. EBITDA growth for 2003 is primarily attributable to increased
revenues, reduced access charges and the WorldCom bad debt reserve charge of
$11.0 million in 2002 and subsequent recoveries totaling $2.8 million in 2003.

For the fourth quarter of 2003, long distance revenues totaled $61.4
million as compared to revenues of $56.2 million in the fourth quarter of 2002
and $60.2 million in the third quarter of 2003. Long distance revenues increased
9.3 percent year-over-year and 2.0 percent sequentially. Increases in managed
services, private line and dedicated data services revenues mitigated per minute
rate reductions on a year-over-year basis. The fourth quarter revenue increases
offset normal sequential seasonal revenue decreases from carrying fewer minutes
on the company's network. Long distance EBITDA, as adjusted, increased 28.9
percent for the fourth quarter of 2003 to $23.2 million as compared to $18.0
million in the fourth quarter of the prior year and increased $2.7 million from
$20.5 million in the third quarter of 2003. Excluding the WorldCom bad debt
recoveries of $2.2 million in the fourth quarter and $0.6 million in the third
quarter of 2003, EBITDA, as adjusted, would have increased on a year-over-year
and sequential basis, 16.7 percent and 5.8 percent, respectively.

Total minutes-of-use in the fourth quarter of 2003 were up 15.5 percent
as compared to the fourth quarter of 2002 and decreased 3.1 percent from the
third quarter of 2003. The sequential decrease in minutes was due to normal
seasonal patterns.

The total number of billed long distance customers at the end of 2003
decreased to 85,600 from 88,200 at the end of 2002, was down slightly, 0.7
percent, from September 2003. The decrease in long distance customers is
attributed primarily to substitution effects of cellular phones and prepaid
cards.

Cable Television Results
Cable television revenues for the year increased 8.2 percent to $96.0
million in 2003 from $88.7 million in 2002. EBITDA increased 7.6 percent to
$42.3 million from $39.3 million in 2002. The increase in revenues and EBITDA
for the year is due primarily to an increase in the average revenue per
subscriber as a result of increased penetration of digital special interest
television service and cable modem services. GCI cable television services pass
202,191 homes and serve 134,350 basic subscribers. Homes passed increased 2.7
percent and basic subscribers decreased 1.3 percent during 2003.

Cable television revenues for the fourth quarter of 2003 increased 6.8
percent to $25.0 million as compared to $23.4 million in the fourth quarter of
2002, and increased 5.5 percent from the third quarter of 2003. EBITDA increased
5.8 percent to $11.0 million in the fourth quarter of 2003 as compared to $10.4
million in the fourth quarter of 2002, and increased 13.4 percent from $9.7
million in the third quarter of 2003. The increase in revenues and EBITDA
year-over-year is due to the sales of higher margin products such as digital
special interest cable television service and cable modem services.

Gross margin for the fourth quarter as a percentage of revenues
decreased by 93 basis points year-over-year and increased by 165 basis points
sequentially. The growth rate in higher value products such as digital special
interest cable television services and cable modems is helping to mitigate the
effects of continuing increases in programming and copyright costs.

As of December 31, 2003, the company's cable and entertainment
operations passed 202,191 homes and served 134,350 basic subscribers (108,752
equivalent basic subscribers). Average revenue per equivalent basic subscriber
increased 10.0 percent to $76.34 for the fourth quarter of 2003 as compared to
$69.38 for the fourth quarter of 2002, and increased 6.4 percent on a sequential
basis. The company experienced a loss of 950 subscribers to its systems during
the fourth quarter of 2003. DBS competition grew both customers and market share
in the fourth quarter; some of those customers came from GCI.

The company offers digital special interest cable television service in
Anchorage, Fairbanks, Juneau, Kenai, Soldotna, Ketchikan and the Mat-Su Valley
area. GCI served 34,900 digital special interest subscribers at the end of the
fourth quarter.
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 cable services and
the components of local services and Internet services which offer services
utilizing our cable services' facilities.

GCI's capital expenditures by standard reporting category for the year
ending December 31, 2003 and 2002 follow (amounts in thousands):

2003 2002
---------- ----------
Customer premise equipment ("CPE") $ 10,713 10,609
Commercial 705 597
Scalable infrastructure 2,221 3,082
Line extensions 1,270 866
Upgrade/rebuild 3,800 4,567
Support capital 503 5,413
---------- ----------
$ 19,212 25,134
---------- ----------

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 December 31, 2003 and 2002, GCI's cable business
had 121,900 and 124,400 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 December 31, 2003 and 2002, GCI's cable
business had 180,400 and 172,200 revenue generating units, respectively. The
increase in the revenue generating units of 2,200 and 4,600 from September 30,
2003 and 2002, respectively, is due primarily 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
Local telephone service revenues for the year increased 21.5 percent to
$39.0 million as compared to $32.1 million in 2002. Local services generated a
$2.5 million EBITDA loss for 2003, compared to a loss of $4.7 million in 2002.
The $2.2 million improvement in EBITDA year-over-year is primarily related to
increasing market share. If the local telephone business received credit for
access cost savings on calls placed by GCI long distance customers who are also
GCI local customers, the local telephone business would have reported positive
EBITDA of $4.4 million for 2003.

Local telephone service revenues totaled $11.8 million in the fourth
quarter of 2003 as compared to $8.6 million in the prior year. Revenues
increased $2.3 million or 24.2 percent from the third quarter of 2003. Local
services generated EBITDA of $0.7 million during the fourth quarter of 2003 as
compared to the prior year fourth quarter EBITDA loss of $1.1 million and as
compared to the third quarter's EBITDA loss of $0.9 million. The increase in
fourth quarter EBITDA of $0.7 million was due primarily to an increase in the
amount of Universal Service Fund revenues that were earned during 2003.
GCI has more than 106,100 access lines in service at the end of 2003,
an increase of 10,100 access lines or 10.5 percent over the year 2002. GCI added
approximately 2,700 local access lines in the fourth quarter, an increase of 2.6
percent over the third quarter of 2003. The company estimates it has attained a
22 percent local service market share in Alaska. Approximately 86 percent of
GCI's access lines are provisioned on its own facilities or on resold local
loops.

Internet Access Results
As of December 31, 2003, GCI had 95,700 statewide Internet customers,
an increase of 6,200 customers over the year 2002. GCI's total statewide
Internet customers at the end of 2003 included more than 46,000 subscribers
using cable modem access, an increase of 9,800 customers as compared 36,200
cable modem customers at the end of 2002.

Internet access revenues for 2003 totaled $19.8 million, an increase of
26.9 percent over 2002 revenues of $15.6 million. Internet EBITDA for the year
totaled $5.4 million, an improvement of $3.5 million as compared to $1.9 million
for 2002. The revenue and EBITDA increases results from more customers served,
the migration of existing customers from dial-up to cable modem access and
customers adding more features and services, increasing economies of scale, and
effective operating cost controls.

Internet access revenues increased 31.0 percent to $5.5 million in the
fourth quarter of 2003 as compared to $4.2 million for the fourth quarter of
2002. Internet access revenues increased 12.2 percent from $4.9 million in the
third quarter of 2003. The sequential increase is due to an increase in the
number of new Internet subscribers and subscribers adding additional features
and services including cable modem service. Fourth quarter 2003 EBITDA of $1.6
million is an improvement of $0.8 million as compared to EBITDA of $0.8 million
in the fourth quarter of 2002 and, is an improvement of $0.3 million over the
third quarter of 2003.

GCI added 1,800 new Internet subscribers and 3,200 cable modem
customers in the fourth quarter of 2003, of which 700 are new LiteSpeed
customers.

GCI began offering Internet access services during 1998 and its dial-up
Internet service is offered in most major Alaska markets. GCI is the largest
Internet access provider in Alaska.

Other Items
During 2003, GCI core capital expenditures totaled $46.0 million, as
compared to $66.1 million in 2002. GCI recorded $16.5 million in capital
expenditures related to the new undersea fiber during 2003. GCI generated
approximately $30.3 million of free cash flow for the year before repayment of
$12.7 million of senior bank facility loan principal and senior bank facility
refinancing fees of $3.5 million.

GCI will hold a conference call to discuss 2003 results, including the
fourth quarter, on Thursday, February 19, 2004 beginning at 2p.m. (Eastern). To
access the briefing on February 19, call the WorldCom conference operator
between 1:50 p.m. and 2 p.m. (Eastern) at 800-475-0212. (International callers
should dial 630-395-0018) 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. The call
will be archived online for two weeks. A replay of the call will be available at
4 p.m. (Eastern) for 72-hours by dialing 888-562-2900, access code 7461
(International callers should dial 402-530-7609.)
GCI is the largest Alaska-based and operated integrated
telecommunications provider. A pioneer in bundled services, GCI provides local,
wireless, and long distance telephone, cable television, Internet and data
communication services throughout Alaska. 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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