<ARTICLE> 5 <MULTIPLIER> 1,000 <PERIOD-TYPE> 3-MOS <FISCAL-YEAR-END> DEC-31-1998 <PERIOD-START> JAN-01-1998 <PERIOD-END> MAR-31-1998 <CASH> 4,041 <SECURITIES> 329 <RECEIVABLES> 31,007 <ALLOWANCES> 1,404 <INVENTORY> 0 <CURRENT-ASSETS> 47,167 <PP&E> 469,207 <DEPRECIATION> 121,888 <TOTAL-ASSETS> 699,542 <CURRENT-LIABILITIES> 30,735 <BONDS> 582,907 <PREFERRED-MANDATORY> 0 <PREFERRED> 3,649 <COMMON> 48 <OTHER-SE> 64,640 <TOTAL-LIABILITY-AND-EQUITY> 699,542 <SALES> 58,291 <TOTAL-REVENUES> 58,397 <CGS> 0 <TOTAL-COSTS> 20,830 <OTHER-EXPENSES> 0 <LOSS-PROVISION> 551 <INTEREST-EXPENSE> 13,326 <INCOME-PRETAX> (6,156) <INCOME-TAX> (1,565) <INCOME-CONTINUING> (4,591) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (4,682) <EPS-PRIMARY> (.10) <EPS-DILUTED> (.10)