8-K

                                 UNITED STATES
                        SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549

                                    ----------

                                     FORM 8-K

                                  CURRENT REPORT

                     Pursuant to Section 13 OR 15(d) of The
                       Securities Exchange Act of 1934

        Date of report (Date of earliest event reported): December 7, 2004

                            GENERAL COMMUNICATION, INC.
              (Exact Name of Registrant as Specified in its Charter)

    Alaska                          0-15279                         92-0072737
- ---------------               ----------------------               ------------
(State or other              (Commission File Number)             (IRS Employer
jurisdiction of                                                   Identification
incorporation)                                                        No.)

      2550 Denali Street Suite 1000 Anchorage, Alaska                 99503
   -----------------------------------------------------            --------
         (Address of principal executive offices)                  (Zip Code)


       Registrant's telephone number, including area code: (907) 868-5600


                                      NONE
           -----------------------------------------------------------
          (Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligations of the registrant under any of the
following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act
    (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
    (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
    Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
    Act (17 CFR 240.13e-4(c))

Section 2 - Financial Information

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an
          Off-Balance Sheet Arrangement of a Registrant

     On December 7, 2004, General Communication, Inc. (GCI) announced the
closing of its $70 million add-on bond transaction. In a private transaction
concurrent with add-on bond closing, GCI repurchased 3,751,509 GCI Class A
common shares at $8.33 per share and $10 million face value of GCI Series C
Preferred Stock from MCI. The aggregate amount of the equity repurchase totaled
$41.3 million. In addition, $10 million of the add-on bond proceeds were used to
repay GCI's outstanding balance on its revolving credit facility. The remaining
balance of the bond proceeds of more than $17 million, after fees and expenses,
will be used for other general corporate purposes. A copy of the press release
is attached as Exhibit 99.1.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits

     (a) Financial statements of businesses acquired: Not Applicable

     (b) Pro forma financial information: Not Applicable

     (c) Exhibit:

         99.1 Press release dated December 7, 2004

                                   SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                          GENERAL COMMUNICATION, INC.
                                          ---------------------------
                                                  (Registrant)

Date: December 7, 2004


                                          By /s/
                                             -----------------------------------
                                          Name:  John M. Lowber
                                          Title: Senior Vice President,
                                                 Chief Financial Officer,
                                                 Secretary and Treasurer
                                                 (Principal Financial Officer)

                                  EXHIBIT INDEX

Exhibit No.   Description
- -----------   --------------------------------------------------------
99.1          Press release of General Communication, Inc. dated
              December 7, 2004.

EX-99

                                                                    Exhibit 99.1

December 7, 2004

John Lowber, (907) 868-5628; jlowber@gci.com
Bruce Broquet, (907) 868-6660; bbroquet@gci.com
David Morris, (907) 265-5396; dmorris@gci.com

FOR IMMEDIATE RELEASE

               GCI CLOSES $70 MILLION ADD-ON BOND TRANSACTION AND
                  REPURCHASE OF 3.75 MILLION SHARES HELD BY MCI

ANCHORAGE, AK -- General Communication, Inc. (NASDAQ: GNCMA) ("GCI") announced
today the closing of its $70 million add-on bond transaction. In a private
transaction concurrent with add-on bond closing, GCI repurchased 3,751,509 GCI
Class A common shares at $8.33 per share and $10 million face value of GCI
Series C Preferred Stock from MCI. The aggregate amount of the equity repurchase
totaled $41.3 million. In addition, $10 million of the add-on bond proceeds were
used to repay GCI's outstanding balance on its revolving credit facility. The
remaining balance of the bond proceeds of more than $17 million, after fees and
expenses, will be used for other general corporate purposes.

The add-on bond transaction was led by Deutsche Bank Securities. Jefferies &
Company, Inc., and Calyon Securities (USA) Inc. participated as co-managers.

GCI is the largest Alaska-based and operated integrated telecommunications
provider. A pioneer in bundled services, GCI provides local, wireless, and long
distance telephone, cable television, Internet and data communication services.
More information about the company can be found at www.gci.com.

The foregoing contains forward-looking statements regarding the company's
expected results that are based on management's expectations as well as on a
number of assumptions concerning future events. Actual results might differ
materially from those projected in the forward looking statements due to
uncertainties and other factors, many of which are outside GCI's control.
Additional information concerning factors that could cause actual results to
differ materially from those in the forward looking statements is contained in
GCI's cautionary statement sections of Form 10-K and 10-Q filed with the
Securities and Exchange Commission.


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