EXHIBIT 99.1

Exhibit 99.1
July 27, 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 SECOND QUARTER 2004 FINANCIAL RESULTS

o Consolidated revenue of $103.8 million
o Net income of $7.7 million or $0.13 per diluted share
o EBITDA of $34.9 million
o New wireless distribution agreement with Dobson
o GCI announces stock repurchase program


ANCHORAGE, AK -- GCI (NASDAQ:GNCMA) today reported net income of $7.7
million, or earnings per diluted share of $0.13, for the second quarter of 2004.
The company's second quarter net income compares to income of $4.8 million, or
earnings per diluted share of $0.08 in the same period of 2003.

GCI announced a 10-year distribution agreement with Dobson
Communications that will add new wireless products to GCI's bundle. GCI also
announced the initiation of a stock repurchase program.

GCI's second quarter 2004 revenues totaled $103.8 million, an increase
of 8.2 percent over second quarter 2003 revenues of $95.9 million. For the
current quarter, earnings before interest, taxes, depreciation, amortization and
accretion (EBITDA) totaled $34.9 million. Second quarter 2004 EBITDA increased
$4.1 million or 13.3 percent over the same quarter in 2003. Second quarter 2003
EBITDA totaled $30.8 million.

Sequentially, revenues for the company decreased 4.7 percent from first
quarter 2004 revenues of $108.9 million. GCI's second quarter EBITDA of $34.9
million compares to EBITDA, as adjusted, of $35.2 million in the first quarter
of 2004.

For the second quarter of 2004, GCI met its revenue guidance and
exceeded its EBITDA guidance. The company expected revenues of approximately
$103 million to $105 million, and EBITDA of approximately $31 million, excluding
the effects of any receivable recovery from MCI. GCI recorded a benefit of
approximately $1.1 million relating to the use of the MCI credit during the
quarter.

GCI's 10-year distribution agreement with Dobson Communications allows
GCI to offer a full line of state-of-the-art voice and data wireless products
and services to its customers throughout Alaska. GCI will market these products
and services under its own brand as stand alone wireless products and as
additions to packaged offerings. The agreement also allows GCI to develop new
products and services combining both wireless and wireline technologies. GCI
will provide billing and all customer support services for its wireless
services. Under a separate agreement, Dobson will lease 10 MHz of GCI's 1900 MHz
wireless spectrum
and will expand services in existing and new Alaska markets. Dobson's wireless
spectrum is in the 800 MHz spectrum band. The lease agreement enables GCI and
Dobson to expand overall system capacity. This will create a more efficient
wireless system providing better service to customers. The agreement fulfills
GCI's wireless buildout requirement to retain the PCS "B" block license.

GCI's Board of Directors has authorized the company to repurchase up to
$5 million per quarter of its common stock. GCI has obtained permission from its
lenders and preferred shareholders for the first $10 million of buybacks. The
company expects to continue the repurchases subject to the availability of free
cash flow, credit facilities, the price of the stock and the requisite consents
of lenders and preferred shareholders. The repurchase will comply with the
restrictions of Securities Exchange Commission rule 10b-18.

"It's been a good quarter," said Ron Duncan, GCI president. "In
addition to record second quarter results we are announcing the resolution of
two key issues that are of significant interest to our shareholders. First, we
have negotiated an agreement with Dobson Communications that will let us include
their wireless products in our package of services. Second, the GCI Board has
authorized a plan to allow the company to repurchase up to $5 million per
quarter of our shares. This is the first step in fulfilling our commitment to
return free cash flow to our shareholders."

"We remain on track for 2004. We expect third quarter revenues of
approximately $103 million to $105 million and EBITDA of approximately $31
million, excluding the effects of any receivable recovery from MCI. We are
maintaining our guidance for total revenues of $410 million to $420 million and
EBITDA of $129 million to $134 million, before any benefit from credits against
services purchased from MCI."

Customer Highlights
o The local services business added 2,000 access lines during the second
quarter and now serves 110,600 local lines, an estimated 24 percent share
of the total access line market in Alaska.

o GCI had 100,300 statewide Internet customers at the end of second quarter
2004. At the end of the second quarter of 2004, more than 56,800 of these
Internet customers are using GCI cable modem service, an increase of 5,100
over the first quarter of 2004. The number of customers served on GCI's
statewide dial-up Internet platform decreased during the second quarter.
Most of these customers migrated to cable modems.

o GCI cable television services now pass 204,485 homes and serve 135,173
subscribers. Subscribers increased sequentially by 1,192 subscribers from
the first quarter of 2004. The increase in subscribers is primarily
attributable to seasonal additions from hotels.

o Long-distance billable minutes increased 4.5 percent to 293.7 million
minutes for the second quarter as compared to the same quarter of 2003, and
decreased 2.6 percent sequentially.

Long Distance Results
For the second quarter of 2004, long distance revenues totaled $60.9
million as compared to revenues of $58 million in the second quarter of 2003 and
$65.9 million in the first quarter of 2004. Long distance revenues increased 5.0
percent year-over-year and declined 7.6 percent sequentially. The year-over-year
revenue increase was attributed to an increase in private line, dedicated and
other data services revenues and managed network services revenues. The
sequential decrease in long distance revenues is due primarily to the
recognition of $6.1 million of project revenues in the first quarter of 2004.
Switched minutes revenues were down slightly compared to the prior year due
primarily to lower rates per minute offsetting minute growth. Sequentially,
switched minutes revenues were mostly flat.

Long distance EBITDA, increased 8.2 percent for the second quarter of
2004 to $21.0 million as compared to $19.4 million in the second quarter of the
prior year. Long distance EBITDA for the second quarter of 2004 was down $0.7
million sequentially from $21.7 million, as adjusted, in the first quarter of
2004. Long distance EBITDA included MCI bad debt recoveries of $1.1 million in
the second quarter of 2004 and $1.2 million in the first quarter of 2004.

Total minutes-of-use are up 4.5 percent in the second quarter of 2004
when compared to the second quarter of 2003. Sequentially, minutes-of-use are
down 2.6 percent compared to the first quarter of 2004. The year-over-year
increase in minutes is attributable to the improving "lower 48" economy,
including an increase in minutes carried for common carriers.

The total number of billed long distance customers increased 5.4
percent when customer counts are compared between June 2004 and March 2004.

Cable Television Results
Cable television revenues for the second quarter increased 5.4 percent
to $25.2 million from $23.9 million in the second quarter of 2003, and were up
1.2 percent from $24.9 million in the first quarter of 2004. EBITDA of $11.5
million for the second quarter of 2004 increased 4.5 percent from the second
quarter of 2003, and increased 4.5 percent when compared to $11 million in the
first quarter of 2004. The increase in revenues is due primarily to the increase
in sales of digital special interest (Digital) cable television and cable modem
services. The increase in EBITDA is primarily attributable to certain refunds
and rebates received from cable television programmers during the second quarter
of 2004.

Gross margins, as a percentage of revenues, increased by 147 basis
points year-over-year and 319 basis points sequentially. The increase in gross
margins is primarily attributable to the aforementioned refunds and rebates
received from programmers. The growth rate from Digital and cable modems is
helping to mitigate the effects of continuing increases in programming and
copyright costs.

As of June 30, 2004, the company's cable television operations passed
204,485 homes and served 135,173 subscribers (106,277 equivalent basic
subscribers). For the second quarter, average revenue per equivalent basic
subscriber was $78.27, an increase of 10.3 percent when compared to the second
quarter 2003 average revenue of $70.99. Sequentially, average revenue was up 2.2
percent, from $76.59, over the first quarter of 2004. Subscribers increased
sequentially by 1,192 subscribers from the first quarter of 2004. This compares
to an increase of 947 subscribers in the second quarter of 2003 over the first
quarter of 2003. The increase in subscribers is primarily attributable to a
seasonal increase in hotel customers offsetting a seasonal decline in
residential customers.

During the first quarter of 2004 GCI launched several new service
packages designed to compete aggressively with the satellite providers'
offerings. The customer response to these packages during the second quarter has
been very strong. Seasonal residential churn in the second quarter of 2004
appears consistent with historical second quarter trends.
The company offers Digital service in Anchorage, Fairbanks, Juneau,
Kenai, Soldotna, Ketchikan and the Mat-Su Valley area. GCI served 38,800 Digital
customers at the end of the second quarter of 2004, an increase of 4,800
customers compared to the first quarter of 2004. The sequential increase in
Digital customers was due to the launch of several new service packages.

GCI, along with the other largest publicly traded multiple system
operators, signed a pledge to support and adhere to 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 our local services and Internet services utilizing our cable
services' facilities.

GCI's capital expenditures by standard reporting category for the six
months periods ending June 30, 2004 and 2003 follow (amounts in thousands):

2004 2003
-------------- -------------
Customer premise equipment $ 6,970 3,830
Commercial 213 171
Scalable infrastructure 2,805 459
Line extensions 149 243
Upgrade/rebuild 3,355 963
Support capital 595 263
-------------- -------------
Sub-total 14,087 5,929

Remaining reportable segments and All Other
capital expenditures 50,060 11,446
-------------- -------------
$ 64,147 17,375
============== =============

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 receiving
phone service through the cable television plant. At June 30, 2004 and 2003,
GCI's cable business had 123,300 and 124,300 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 June 30, 2004 and 2003, GCI's cable business
had 192,000 and 177,800 revenue generating units, respectively. The increase in
the revenue generating units of 6,200 and 14,200 from March 31, 2004 and June
30, 2003 respectively, is due to an increase in the number of cable modem and
Digital Local Phone Service (DLPS) customers.

Local Telephone Results
For the second quarter 2004, local telephone service revenues totaled
$11.2 million, an increase of 21.7 percent, when compared to $9.2 million in the
second quarter of 2003. Sequentially, revenue was down $0.6 million or 5.1
percent from $11.8 million in the first quarter of 2004. The increase in
year-over-year revenues is attributable to increasing customer counts, Universal
Service Fund and directory services revenues. The sequential decrease in
revenues is due to out-of-period Universal Service Fund revenues recognized in
the first quarter 2004.

In the second quarter, local services generated $0.2 million of EBITDA,
an improvement of $1.2 million over the $1.0 million loss in the second quarter
of
2003. Sequentially, second quarter EBITDA of $0.2 million compares to EBITDA of
$0.6 million in the first quarter of 2004. 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 company's local telephone
business would have reported EBITDA of $1.7 million in the second quarter of
2004.

At the end of the second quarter of 2004, GCI provided local service
to approximately 110,600 access lines statewide. This represents an increase of
2,000 access lines, or 1.8 percent, over the 108,600 access lines reported at
the end of the first quarter of 2004. The company estimates it has attained a 24
percent share of the total access line market in Alaska. Approximately 84
percent of GCI's access lines are provisioned on its own facilities or on resold
local loops.

In early April 2004, GCI began converting customers to its DLPS
technology. The roll out of DLPS will enable GCI to avoid wholesale and loop
rental costs from local phone lines leased from the incumbent local exchange
carrier. GCI plans to provision 8,000 to 12,000 DLPS lines by the end of 2004.
Approximately 1,500 DLPS lines are currently in service.

Internet Access Results
Internet access revenues for the second quarter of 2004 totaled $6.5
million, an increase of 35.4 percent year-over-year and 1.6 percent
sequentially. Second quarter 2003 revenues were $4.8 million and first quarter
2004 revenues were $6.4 million. EBITDA for the second quarter totaled $2.2
million, an improvement of $0.8 million year-over-year and $0.3 million
sequentially. Second quarter 2003 EBITDA was $1.4 million and first quarter 2004
EBITDA was $1.9 million. The increase in Internet access revenues and EBITDA
results from the migration of existing customers to cable modem access and
customers adding more features and services, increasing economies of scale and
effective cost containment controls.

At the end of the second quarter of 2004, GCI had 100,300 statewide
Internet customers, a decrease of 300 customers sequentially and an increase of
8,100 year-over-year. GCI's statewide Internet customers included 56,800
subscribers using cable modem access. This represents an increase of 5,100
subscribers, or 9.9 percent, over the prior quarter's subscriber count of
51,700. On a year-over-year basis, GCI experienced a 40.2 percent increase in
cable modem subscribers, from 40,500 at the end of the second quarter of 2003.

At the end of the second quarter of 2004 GCI's average revenue per
cable modem (ARPM) was $36.84 as compared to $40.20 at the end of the first
quarter of 2004 and $40.98 at the end of the second quarter of 2003. Total cable
modem revenues for the second quarter of 2004 increased 1.9 percent sequentially
over the first quarter of 2004 and 23.8 percent year-over-year. The increase in
revenues is due to the increase in the number of modem customers. The decline in
ARPM is due to an increase in the number of customers for GCI's free cable modem
product and increasing sales of GCI's lower priced cable modem products.

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 the three months ending June 30, 2004, core capital expenditures
increased to $17.6 million as compared to $14.9 million in the first quarter of
2004. Additionally, GCI spent $21.3 million relating to its new undersea fiber
in the second quarter of 2004. GCI used approximately $10 million in cash during
the second quarter before any draws on its revolving credit facility.

The new undersea fiber system was completed during the quarter and GCI
now has the only SONET protected physically diverse fiber system connecting
Alaska and the lower 48 states.

GCI will hold a conference call to discuss the quarter's results on
Wednesday, July 28, 2004 beginning at 2 p.m. (Eastern). To access the briefing
on July 28, dial 888-323-5254 (international callers should dial 773-756-4631)
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 replay of the call will be
available for 72-hours by dialing 888-567-0444, access code 7461 (international
callers should dial 402-998-1800.)

GCI is the largest telecommunications company in Alaska. 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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