<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1997 <PERIOD-START> JAN-01-1997 <PERIOD-END> DEC-31-1997 <CASH> 152,720,000 <SECURITIES> 0 <RECEIVABLES> 107,689,000 <ALLOWANCES> 14,403,000 <INVENTORY> 0 <CURRENT-ASSETS> 249,506,000 <PP&E> 724,588,000 <DEPRECIATION> 115,651,000 <TOTAL-ASSETS> 917,095,000 <CURRENT-LIABILITIES> 181,677,000 <BONDS> 285,000,000 <PREFERRED-MANDATORY> 403,368,000 <PREFERRED> 414 <COMMON> 316,000 <OTHER-SE> (47,955,000) <TOTAL-LIABILITY-AND-EQUITY> 917,095,000 <SALES> 0 <TOTAL-REVENUES> 420,710,000 <CGS> 0 <TOTAL-COSTS> 325,127,000 <OTHER-EXPENSES> 140,818,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 37,076,000 <INCOME-PRETAX> (93,166,000) <INCOME-TAX> (1,389,000) <INCOME-CONTINUING> (94,555,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (94,555,000) <EPS-PRIMARY> (3.75) <EPS-DILUTED> (3.75)