UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The
Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 10, 2005
GENERAL COMMUNICATION, INC.
(Exact Name of Registrant as Specified in its Charter)
Alaska 0-15279 92-0072737
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) No.)
2550 Denali Street Suite 1000 Anchorage, Alaska 99503
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (907) 868-5600
NONE
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01 Other Events
On November 10, 2005, General Communication, Inc. ("GCI" or the "Company")
settled four separate claims with AT&T and AT&T Alascom, Inc. ("Alascom").
The claims were resolved pursuant to a master agreement. The Agreement is
subject to the approval of the Regulatory Commission of Alaska ("RCA") or,
alternatively, to an explicit determination by the RCA that its approval is not
necessary.
The claims settled are summarized as follows:
1) GCI's claim against Alascom for failure to pay its respective share of
a pool of access charges on long distance calls paid by pre-paid
calling cards.
2) GCI's claim against AT&T and Alascom for not allowing the Company to
purchase certain wireline services on the same terms and conditions
that AT&T offered to other wholesale customers.
3) GCI's unfiled claim against Alascom for not allowing the Company to
purchase private line services at the same price Alascom charges other
customers.
4) Alascom's claims against GCI for overpayment of transport for 1-800
dialing service calls placed from rural Alaska areas served by GCI.
The settlement of the claims will result in a payment from AT&T to GCI that
will net the Company approximately $7.5 million after certain costs and
expenses. The gain is expected to be recorded in the fourth quarter of 2005 once
regulatory approval is received or, alternatively, we receive an explicit
determination by the RCA that its approval is not necessary.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GENERAL COMMUNICATION, INC.
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(Registrant)
Date: November 14, 2005
By /s/
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Name: John M. Lowber
Title: Senior Vice President,
Chief Financial Officer,
Secretary and Treasurer
(Principal Financial Officer)