Exhibit 99.1

                    

GCI REPORTS FOURTH QUARTER 2017 FINANCIAL RESULTS

Net Income of $48 million for the quarter and Net Loss of $25 million for the year

Consolidated Revenue of $236 million for the quarter and $919 million for the year

Pro Forma EBITDA of $76 million for the quarter and $305 million for the year

February 27, 2018, Anchorage, Alaska - GCI Liberty, Inc. (“GCI”) (NASDAQ: GNCMA) formerly known as General Communication, Inc. announces its results for the fourth quarter and year-end 2017.

Liberty Interactive Transaction Update:

As previously announced, GCI and Liberty Interactive Corporation signed an agreement to combine GCI with certain assets of the Liberty Ventures Group. We expect to close the transaction on March 9, 2018.

Operating and Financial Highlights

Our fourth quarter revenues were $236 million, an increase of $4 million sequentially and $3 million from the fourth quarter of 2016. Pro Forma EBITDA, which is Adjusted EBITDA plus $1 million of one-time transaction costs in the quarter, was $76 million. This is down $4 million from the previous quarter and up $8 million year-over-year.

This quarter we had Pro Forma EBITDA margins of 32 percent compared to 29 percent in the fourth quarter of 2016 and 35 percent in the third quarter of 2017.

Consumer

Consumer revenues of $113 million in the fourth quarter were up $3 million or 3 percent sequentially and $2 million or 2 percent year-over-year. Data and wireless revenues were up $2 million each year-over-year. During the quarter we experienced subscriber declines of 500 cable modems, 2,600 video subscribers and 4,100 wireless subscribers. The recession in Alaska is a significant contributing factor in our subscriber headwinds. The wireless subscriber losses were exacerbated by seasonal prepaid disconnects.

Business

GCI Business revenues of $122 million in the fourth quarter were up $1 million or 1 percent on both a sequential and year over year basis.

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SG&A

SG&A expenses were $90 million during the quarter. Excluding the one-time transaction costs of $1 million, expenses were level sequentially and down $4 million or 4 percent year-over-year.

Leverage

After adding back the roaming adjustment and transaction costs, our net debt to Adjusted EBITDA was 4.65x for 2017.

2017 Guidance

With Pro Forma EBITDA of $305 million we achieved our guidance of $300 to $315 million excluding costs related to the Liberty transaction.

Capital expenditures of $167 million hit guidance of approximately $165 million in 2017.

2018 Guidance

Capital expenditures are expected to be approximately $170 million in 2018.

Use of Non-GAAP Measure

Pro-Forma and Adjusted EBITDA are presented herein and are non-GAAP measures. See our attached financials for a reconciliation of these non-GAAP measures to the nearest GAAP measure.

Pro-Forma EBITDA guidance is a forward-looking non-GAAP financial measure presented herein. Reconciliation to the most directly comparable GAAP financial measure is not provided because we are unable to provide such reconciliation without unreasonable effort.  The inability to provide a reconciliation is due to the uncertainty and inherent difficulty regarding the occurrence, the financial impact and the periods with respect to recognition of future GAAP financial measures.  We also believe that such a reconciliation would imply an inappropriate degree of precision.  For the same reasons, we are unable to address the probable significance of the unavailable information.

Conference Call

Due to the pending transactions between GCI and Liberty Interactive Corporation, GCI will not hold a conference call to review these results.

Forward-Looking Statement Disclosure

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

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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.

About GCI

GCI is the largest communications provider in Alaska, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. Headquartered in Alaska, GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America. Learn more about GCI at www.gci.com.

Contact:

Media / Investors: Heather Handyside, 907.868.6838, hhandyside@gci.com

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GCI LIBERTY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Amounts in thousands)	December 31,
ASSETS	2017				2016
Current assets:
Cash and cash equivalents	$	15,622			19,297
Receivables	188,580				184,296
Less allowance for doubtful receivables	3,992				4,407
Net receivables	184,588				179,889
Prepaid expenses	21,206				18,599
Inventories	12,996				11,945
Other current assets	71				167
Total current assets	234,483				229,897
Property and equipment	2,754,667				2,614,875
Less accumulated depreciation	1,599,956				1,452,957
Net property and equipment	1,154,711				1,161,918
Goodwill	242,264				239,263
Cable certificates	191,635				191,635
Wireless licenses	93,753				92,347
Other intangible assets, net of amortization	75,697				74,444
Other assets	100,957				76,435
Total other assets	704,306				674,124
Total assets	$	2,093,500			2,065,939

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GCI LIBERTY, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(Continued)
(Amounts in thousands)	December 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY	2017				2016
Current liabilities:
Current maturities of obligations under long-term debt, capital leases, and tower obligations	$	13,972			13,229
Accounts payable	54,073				72,937
Deferred revenue	38,047				37,618
Accrued payroll and payroll related obligations	32,044				30,305
Accrued liabilities	14,147				14,729
Accrued interest (including $5,132 to a related party at December 31, 2017 and 2016)	13,975				13,926
Subscriber deposits	1,271				917
Total current liabilities	167,529				183,661
Long-term debt, net (including $58,731 and $56,640 due to a related party at December 31, 2017 and 2016, respectively)	1,379,059				1,333,446
Obligations under capital leases, excluding current maturities (including $1,702 and $1,769 due to a related party at December 31, 2017 and 2016, respectively)	40,288				50,316
Long-term deferred revenue	138,022				135,877
Tower obligations	93,606				87,653
Deferred income taxes	90,571				137,982
Derivative stock appreciation rights with related party	78,330				29,700
Other liabilities	60,093				54,056
Total liabilities	2,047,498				2,012,691
Commitments and contingencies
Stockholders’ equity:
Common stock (no par):
Class A-1. Authorized 100,000 shares; issued 32,924 and 32,668 shares at December 31, 2017 and 2016, respectively; outstanding 32,898 and 32,642 shares at December 31, 2017 and 2016, respectively	—				—
Class B-1. Authorized 10,000 shares; issued and outstanding 3,052 and 3,153 shares at December 31, 2017 and 2016, respectively; convertible on a share-per-share basis into Class A-1 common stock	2,578				2,663
Less cost of 26 Class A-1 common shares held in treasury at December 31, 2017 and 2016	(249		)		(249	)
Paid-in capital	19,133				3,237
Retained earnings (deficit)	(12,296		)		17,068
Total GCI Liberty, Inc. stockholders' equity	9,166				22,719
Non-controlling interests	36,836				30,529
Total stockholders’ equity	46,002				53,248
Total liabilities and stockholders’ equity	$	2,093,500			2,065,939

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GCI LIBERTY, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
YEARS ENDED DECEMBER 31, 2017, 2016, AND 2015
(Unaudited)
(Amounts in thousands, except per share amounts)	2017				2016			2015
Revenues:
Non-related party	$	919,204			933,812			973,251
Related party	—				—			5,283
Total revenues	919,204				933,812			978,534
Cost of goods sold (exclusive of depreciation and amortization shown separately below):
Non-related party	280,200				302,578			321,457
Related party	—				—			881
Total cost of goods sold	280,200				302,578			322,338
Selling, general and administrative expenses
Non-related party	370,639				358,356			337,839
Related party	—				—			540
Total selling, general and administrative expenses	370,639				358,356			338,379
Depreciation and amortization expense	197,115				193,775			181,767
Software impairment charge	—				—			29,839
Operating income	71,250				79,103			106,211
Other income (expense):
Interest expense (including amortization of deferred loan fees)	(83,341		)		(78,628	)		(78,786	)
Related party interest expense	(7,716		)		(7,455	)		(6,602	)
Derivative instrument unrealized income (loss) with related party	(48,630		)		3,120			(11,160	)
Loss on extinguishment of debt	(649		)		(640	)		(27,700	)
Impairment of equity method investment	—				—			(12,593	)
Other	2,938				5,569			2,917
Other expense, net	(137,398		)		(78,034	)		(133,924	)
Income (loss) before income taxes	(66,148		)		1,069			(27,713	)
Income tax (expense) benefit	41,426				(5,205	)		1,847
Net loss	(24,722		)		(4,136	)		(25,866	)
Net income (loss) attributable to non-controlling interests	(476		)		(469	)		159
Net loss attributable to GCI Liberty, Inc.	$	(24,246	)		(3,667	)		(26,025	)
Basic net loss attributable to GCI Liberty, Inc. common stockholders per Class A-1 common share	$	(0.70	)		(0.10	)		(0.69	)
Basic net loss attributable to GCI Liberty, Inc. common stockholders per Class B-1 common share	$	(0.70	)		(0.10	)		(0.69	)
Diluted net loss attributable to GCI Liberty, Inc. common stockholders per Class A-1 common share	$	(0.70	)		(0.15	)		(0.69	)
Diluted net loss attributable to GCI Liberty, Inc. common stockholders per Class B-1 common share	$	(0.70	)		(0.15	)		(0.69	)
Common shares used to calculate Class A basic EPS	31,344				32,526			34,764
Common shares used to calculate Class A diluted EPS	34,427				36,318			37,921

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GCI LIBERTY, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
	Fourth Quarter 2017				Fourth Quarter 2016			Third Quarter 2017
Revenues
Wireless	$	70,738			68,650			69,452
Data	117,169				111,388			113,845
Video	29,501				31,583			29,355
Voice	18,121				20,672			18,562
Total	235,529				232,293			231,214
Cost of goods sold	75,101				74,652			67,496
Contribution	160,428				157,641			163,718
Less SG&A	(90,161		)		(93,714	)		(90,691	)
Plus share-based compensation expense	3,712				3,223			4,858
Plus imputed interest on financed devices	621				672			608
Plus accretion	420				(11	)		425
Other	256				(98	)		227
Adjusted EBITDA	75,276				67,713			79,145
Transaction costs	686				—			1,620
Pro Forma EBITDA	$	75,962			67,713			80,765

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GCI LIBERTY, INC. AND SUBSIDIARIES
SUPPLEMENTAL SCHEDULES
(Unaudited)
(Amounts in thousands)
	Twelve Months Ended December 31,
	2017				2016
Revenues
Wireless	$	272,347			283,156
Data	454,237				436,398
Video	117,648				127,407
Voice	74,972				86,851
Total	919,204				933,812
Cost of goods sold	280,200				302,578
Contribution	639,004				631,234
Less SG&A	(370,639		)		(358,356	)
Plus share-based compensation expense	17,453				11,043
Plus imputed interest on financed devices	2,540				2,557
Plus accretion	1,772				1,229
Other	(833		)		337
Adjusted EBITDA	289,297				288,044
Transaction costs	15,457				—
Pro Forma EBITDA	$	304,754			288,044

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GCI Liberty, Inc.
Non-GAAP Financial Reconciliation Schedule
(Unaudited)
(Amounts in Thousands)		Three Months Ended										Twelve Months Ended
		December 31,				December 31,			September 30,			December 31,			December 31,
		2017				2016			2017			2017			2016
Net income (loss)		$	48,373			(16,243	)		(8,849	)		(24,722	)		(4,136	)
Income tax expense (benefit)		(44,183		)		(2,391	)		(2,864	)		(41,426	)		5,205
Income (loss) before income taxes		4,190				(18,634	)		(11,713	)		(66,148	)		1,069
Other (income) expense:
Interest expense (including amortization of deferred loan fees)		20,964				20,429			21,595			83,341			78,628
Related party interest expense		1,971				1,897			1,953			7,716			7,455
Derivative instrument unrealized income (loss) with related party		(5,340		)		12,720			12,270			48,630			(3,120	)
Loss on extinguishment of debt		—				640			—			649			640
Other		(1,086		)		(3,867	)		69			(2,938	)		(5,569	)
Other expense, net		16,509				31,819			35,887			137,398			78,034
Operating income		20,699				13,185			24,174			71,250			79,103
Plus depreciation and amortization expense		49,568				50,742			48,853			197,115			193,775
Plus share-based compensation expense		3,712				3,223			4,858			17,453			11,043
Plus imputed interest on financed devices		621				672			608			2,540			2,557
Plus (less) accretion expense		420				(11	)		425			1,772			1,229
Other		256				(98	)		227			(833	)		337
Adjusted EBITDA (Note 1)		75,276				67,713			79,145			289,297			288,044
Transaction costs		686				—			1,620			15,457			—
Pro Forma EBITDA (Note 2)		$	75,962			67,713			80,765			304,754			288,044

Note:

(1) Earnings plus imputed interest on financed devices before:

•Net interest expense,

•Income taxes,

•Depreciation and amortization expense,

•Loss on extinguishment of debt,

•Derivative instrument unrealized income (loss),

•Share-based compensation expense,

•Accretion expense,

•Loss attributable to non-controlling interest resulting from NMTC transactions,

•Gains and impairment losses on equity and cost method investments,

•Other non-cash adjustments.

(2) Adjusted EBITDA plus transaction costs.

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Adjusted and Pro Forma EBITDA are not presented as an alternative measure of net income, operating income or cash flow from operations, as determined in accordance with accounting principles generally accepted in the United States of America. GCI's management uses Adjusted EBITDA and Pro Forma EBITDA to evaluate the operating performance of its business, and as a measure of performance for incentive compensation purposes. GCI believes Adjusted EBITDA and Pro Forma EBITDA are useful to investors and other users of our financial information in understanding and evaluating operating performance as an analytical indicator of income generated to service debt and fund capital expenditures. In addition, multiples of current or projected Adjusted EBITDA and Pro Forma EBITDA are used to estimate current or prospective enterprise value. Adjusted EBITDA and Pro Forma EBITDA do not give effect to cash used for debt service requirements, and thus do not reflect funds available for investment or other discretionary uses. Adjusted EBITDA and Pro Forma EBITDA as presented herein may not be comparable to similarly titled measures reported by other companies.

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GCI LIBERTY, INC. AND SUBSIDIARIES
SUPPLEMENTAL REVENUE SCHEDULES
(Unaudited)
(Amounts in thousands)
	Fourth Quarter 2017								Fourth Quarter 2016
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	45,294		25,444		70,738			43,352		25,298		68,650
Data	37,260			79,909		117,169			35,163		76,225		111,388
Video	24,742			4,759		29,501			26,011		5,572		31,583
Voice	5,873			12,248		18,121			6,377		14,295		20,672
Total	$	113,169		122,360		235,529			110,903		121,390		232,293
(Amounts in thousands)
	Fourth Quarter 2017								Third Quarter 2017
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	45,294		25,444		70,738			42,224		27,228		69,452
Data	37,260			79,909		117,169			36,991		76,854		113,845
Video	24,742			4,759		29,501			24,991		4,364		29,355
Voice	5,873			12,248		18,121			5,939		12,623		18,562
Total	$	113,169		122,360		235,529			110,145		121,069		231,214
(Amounts in thousands)
	Twelve Months Ended December 31, 2017								Twelve Months Ended December 31, 2016
	Consumer			Business		Total			Consumer		Business		Total
Revenues
Wireless	$	167,733		104,614		272,347			177,801		105,355		283,156
Data	145,757			308,480		454,237			140,196		296,202		436,398
Video	99,609			18,039		117,648			107,305		20,102		127,407
Voice	23,783			51,189		74,972			26,734		60,117		86,851
Total	$	436,882		482,322		919,204			452,036		481,776		933,812

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								December 31, 2017					December 31, 2017
								as compared to					as compared to
	December 31,		December 31,		September 30,			December 31,		September 30,			December 31,		September 30,
	2017		2016		2017			2016		2017			2016		2017
Consumer
Data:
Cable modem subscribers1	124,900		129,500		125,400			(4,600	)	(500	)		(3.6	)%	(0.4	)%
Video:
Basic subscribers2	97,200		107,600		99,800			(10,400	)	(2,600	)		(9.7	)%	(2.6	)%
Homes passed	252,500		250,800		251,600			1,700		900			0.7	%	0.4	%
Voice:
Total local access lines in service3	48,900		53,400		50,200			(4,500	)	(1,300	)		(8.4	)%	(2.6	)%
Business
Data:
Cable modem subscribers1	9,900		10,100		10,000			(200	)	(100	)		(2.0	)%	(1.0	)%
Voice:
Total local access lines in service3	38,500		41,100		39,600			(2,600	)	(1,100	)		(6.3	)%	(2.8	)%
Consumer and Business Combined
Wireless
Consumer wireless lines in service4	196,800		198,600		200,900			(1,800	)	(4,100	)		(0.9	)%	(2.0	)%
Business wireless lines in service4	22,600		23,900		22,800			(1,300	)	(200	)		(5.4	)%	(0.9	)%
Total wireless lines in service	219,400		222,500		223,700			(3,100	)	(4,300	)		-1.4	%	-1.9	%
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. On January 1, 2017, we transferred 3,100 small business cable modem subscribers from Business to Consumer. We adjusted the previously reported subscriber numbers as of December 31, 2016 for the number of subscribers that were transferred on January 1, 2017 and for database cleanup in preparation for our new billing system.
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. On January 1, 2017, we transferred 500 small business basic subscribers from Business to Consumer. We adjusted the previously reported subscriber numbers as of December 31, 2016 for the number of subscribers that were transferred on January 1, 2017 and for database cleanup in preparation for our new billing system.
3 A local access line in service is defined as a revenue generating circuit or channel connecting a customer to the public switched telephone network. On January 1, 2017, we transferred 4,800 small business local access lines from Business to Consumer. We adjusted the previously reported subscriber numbers as of December 31, 2016 for the number of subscribers that were transferred on January 1, 2017.
4 A wireless line in service is defined as a revenue generating wireless device. On January 1, 2017, we transferred 3,700 small business wireless lines from Business to Consumer. We adjusted the previously reported subscriber numbers as of December 31, 2016 for the number of subscribers that were transferred on January 1, 2017.