GCI Ups Stock Buyback by $100 Million

Alaskan cable op General Communication (www.gci.com) announced that its board of directors approved a $100 million increase to its stock repurchase program. The action, which occurred at a scheduled board meeting, increases the program's authorization by $100 mi...

Alaskan cable op General Communication (www.gci.com) announced that its board of directors approved a $100 million increase to its stock repurchase program. The action, which occurred at a scheduled board meeting, increases the program's authorization by $100 million and provides for quarterly increases of $5 million. Including existing authorizations, GCI may purchase up to $127.8 million worth of its outstanding shares of common stock in the open market or in privately negotiated transactions. GCI expects to continue the repurchases for an indefinite period.
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