<ARTICLE> 5 <PERIOD-TYPE> 12-MOS <FISCAL-YEAR-END> DEC-31-1996 <PERIOD-START> DEC-31-1996 <PERIOD-END> JAN-01-1996 <CASH> 445,884,000 <SECURITIES> 0 <RECEIVABLES> 61,757,000 <ALLOWANCES> (3,870,000) <INVENTORY> 0 <CURRENT-ASSETS> 37,270,000 <PP&E> 1,582,875,000 <DEPRECIATION> (123,347,000) <TOTAL-ASSETS> 2,454,611,000 <CURRENT-LIABILITIES> 298,939,000 <BONDS> 1,732,168,000 <PREFERRED-MANDATORY> 0 <PREFERRED> 0 <COMMON> 321,000 <OTHER-SE> 327,793,000 <TOTAL-LIABILITY-AND-EQUITY> 2,454,611,000 <SALES> 0 <TOTAL-REVENUES> 228,343,000 <CGS> 0 <TOTAL-COSTS> 0 <OTHER-EXPENSES> 114,315,000 <LOSS-PROVISION> 0 <INTEREST-EXPENSE> 137,032,000 <INCOME-PRETAX> (246,801,000) <INCOME-TAX> 7,653,000 <INCOME-CONTINUING> (254,454,000) <DISCONTINUED> 0 <EXTRAORDINARY> 0 <CHANGES> 0 <NET-INCOME> (254,454,000) <EPS-PRIMARY> (8.20) <EPS-DILUTED> 0