ANCHORAGE, Alaska, Dec. 12, 2013 /PRNewswire/ -- Denali Media
Holdings, a subsidiary of General Communication, Inc. ("GCI")
(NASDAQ:GNCMA) announced today that it has agreed to the purchase
of three CBS broadcast stations in Southeast Alaska: KXLJ in Juneau, KTNL in Sitka and KUBD in Ketchikan.
Denali Media Holdings will purchase the three CBS affiliates
from Ketchikan TV of Evergreen,
Colorado.
The purchase agreements are subject to customary closing
conditions, including approvals from the Federal Communications
Commission, with final approval anticipated in the second quarter
of 2014.
Ketchikan TV is also the owner and operator of Anchorage's KDMD-TV and Telemundo Alaska,
Alaska's only Spanish language
television station.
Denali Media Holdings is a subsidiary of GCI, Alaska's largest telecommunications company.
GCI's cable plant, which provides voice, video, and broadband data
services, passes 80 percent of Alaska households. GCI operates Alaska's most extensive terrestrial/subsea
fiber optic network which connects not only Anchorage but also Fairbanks and Juneau/Southeast
Alaska to the lower 48 states with a diversely routed,
protected fiber network. GCI's TERRA-Southwest fiber/microwave
system links 65 communities in the Bristol Bay and Yukon-Kuskokwim
Delta to Anchorage bringing
terrestrial broadband Internet access to the region for the first
time. GCI's satellite network provides communications services to
small towns and communities throughout rural Alaska. GCI's statewide mobile wireless
network seamlessly links urban and rural Alaska.
A pioneer in bundled services, GCI is the top provider of voice,
data, and video services to Alaska
consumers with a 70 percent share of the consumer broadband market.
GCI is also the leading provider of communications services to
enterprise customers, particularly large enterprise customers with
complex data networking needs. More information about GCI can be
found at www.gci.com.
The foregoing contains forward-looking statements regarding
GCI'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 Forms 10-K and
10-Q filed with the Securities and Exchange Commission.
SOURCE General Communication, Inc. (“GCI”)