<ARTICLE> 5
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               MAR-31-1996
<CASH>                                      15,367,000
<SECURITIES>                                 5,679,000
<RECEIVABLES>                                5,945,000
<ALLOWANCES>                                 1,502,000
<INVENTORY>                                          0
<CURRENT-ASSETS>                            35,151,000
<PP&E>                                     263,996,000
<DEPRECIATION>                              90,692,000
<TOTAL-ASSETS>                             265,911,000
<CURRENT-LIABILITIES>                       70,699,000
<BONDS>                                     47,946,000
<PREFERRED-MANDATORY>                                0
<PREFERRED>                                     28,000
<COMMON>                                     1,850,000
<OTHER-SE>                                 149,994,000
<TOTAL-LIABILITY-AND-EQUITY>               265,911,000
<SALES>                                      3,174,000
<TOTAL-REVENUES>                            27,853,000
<CGS>                                        4,868,000
<TOTAL-COSTS>                               27,457,000
<OTHER-EXPENSES>                            14,259,000               
<LOSS-PROVISION>                               126,000 
<INTEREST-EXPENSE>                             844,000 
<INCOME-PRETAX>                           (14,707,000) 
<INCOME-TAX>                               (1,329,000) 
<INCOME-CONTINUING>                       (13,378,000)              
<DISCONTINUED>                                       0
<EXTRAORDINARY>                                      0                
<CHANGES>                                            0
<NET-INCOME>                              (13,378,000)
<EPS-PRIMARY>                                   (0.74)
<EPS-DILUTED>                                   (0.74)