Denali Media Holdings Closes Purchase of Anchorage CBS Affiliate and Southeast Alaska NBC Affiliates
(Thomson Reuters ONE Via Acquire Media NewsEdge)
Denali Media Holdings Closes Purchase of Anchorage CBS Affiliate and Southeast
Alaska NBC Affiliates
November 1, 2013, Anchorage AK - Denali Media Holdings, a subsidiary of General
Communication, Inc. ("GCI") (NASDAQ:GNCMA) announced today that it had closed on
the acquisition of the CBS affiliate KTVA-TV of Anchorage from the Alaska
Broadcasting Company, Inc., and of two NBC affiliates in Southeast Alaska, KATH-
TV in Juneau and KSCT-TV in Sitka, from North Star Broadcasting based in Juneau.
The transaction was announced November 9, 2012, and was subject to a number of
closing conditions, including review by the Federal Communications Commission
(FCC). The FCC granted the applications for license assignment without
conditions on October 30, 2013.
About Denali Media Holdings and GCI
Denali Media Holdings is a subsidiary of GCI, Alaska's largest
GCI is the largest telecommunications company in Alaska. GCI's cable plant,
which provides broadband data services, video, and voice, passes 78 percent of
Alaska households. GCI operates Alaska's most extensive terrestrial/subsea
fiber optic network which connects not only Anchorage but also Fairbanks and
Juneau/Southeast Alaska to the lower 48 states with a diversely routed,
protected fiber network. GCI's TERRA fiber/microwave system links 65 communities
from the Yukon-Kuskokwim Delta and Bristol Bay to Anchorage, bringing
terrestrial broadband Internet access to the region for the first time. GCI's
satellite network provides communications services to small towns and
communities throughout rural Alaska. GCI's statewide mobile wireless network
seamlessly links urban and rural Alaska.
A pioneer in bundled services, GCI is the top provider of data, video and voice
services to Alaska consumers with a 70 percent share of the consumer broadband
market. GCI is also the leading provider of communications services to
enterprise customers, particularly large enterprise customers with complex data
networking needs. More information about GCI can be found at www.gci.com.
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Source: General Communication Inc via Thomson Reuters ONE
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