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Billionaire asks to take controlling interest of GCI

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Billionaire asks to take controlling interest of GCI


The GCI store at Northern Lights Boulevard and C Street. (Bill Roth / ADN)

Some Alaskans are pushing back against a request by a billionaire to take a controlling interest in GCI Liberty, the state’s dominant telecommunications provider.

GCI Liberty and John Malone, a Colorado billionaire and one of the largest private landowners in the U.S., are also asking the Regulatory Commission of Alaska for a waiver to keep secret financial statements associated with the proposal. They argue in part that public disclosure could cause financial harm.

The Alaska Beacon first reported on the requests on Monday.

More than 40 individuals have commented against the proposal and the requests for secrecy in a comment period that ends at 5 p.m. Tuesday before the Regulatory Commission of Alaska. The majority of the comments were uniquely written, not form letters.

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Many said they oppose giving one person, particularly a non-Alaskan, control of a company that plays a vital role statewide, providing services in more than 200 Alaska communities.

Malone filed his request with the agency early this month.

The chair of GCI Liberty, Malone holds 53.5% of the aggregate voting power at GCI Liberty, the agency says.

But his voting power is restricted to 49.32%, based on agreements entered into by entities related to him, the agency says.

“GCI Liberty and Dr. Malone seek approval for Dr. Malone to increase his voting power to above 50% of the aggregate voting power of GCI Liberty, a level that would constitute control of GCI Liberty and its certificated subsidiary GCICC (GCI Communication Corp.),” the state regulatory agency said.

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GCI Liberty recently reported revenue for the first six months of this year at $527 million.

Net earnings during the period, after expenses, were $62 million, according to financial reports on its website. The company came close to doubling its net earnings from the same period in the prior year.

In a statement from spokesperson Josh Edge, GCI said it “is deeply committed to Alaska and to serving Alaskans. Our headquarters and senior leadership team are all based in Alaska, and we continue making decisions locally to serve communities across the state. While our parent company, GCI Liberty, is involved in this regulatory filing, we remain focused on connecting Alaskans and investing in the state’s future, just as we’ve done for more than 45 years.”

In written comments to the agency, critics of Malone’s request and the desire for secrecy assert that Malone seeks increased control to boost profits, which would come at the expense of GCI customers in the form of higher bills and reduced services.

“Internet and phone services are necessary public services, often life saving,” wrote Christine Niemi, of Douglas. “These services should not be controlled by those whose goal is for profit. The interest of the public must be the primary concern.”

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“I believe it is imperative that this process remain transparent and accountable to the public,” Jo Ann Gruber wrote.

“… The request to keep financial documents confidential undermines the principles of open governance and public oversight,” Gruber added. “These documents are critical for understanding the implications of the proposed takeover, including potential impacts on service quality, pricing, rural access, and long-term investment in Alaska’s communications infrastructure. Allowing secrecy in this context sets a dangerous precedent and erodes public trust.”

The state agency said it “will rule on the petition for confidential treatment and motion for waiver” following the comment period. At that time, it will also determine if the application from Malone is complete.

GCI, launched in Alaska in 1979, has undergone major changes in recent years. It was sold to Liberty Broadband of Colorado in 2017, upsetting some customers who wanted the ownership to remain local. Among other developments, it has outsourced its call center to the Philippines, affecting dozens of Alaska jobs, and ended its cable TV platform in favor of an internet streaming service.





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Alaska

West Valley’s Jayden Miranda named Gatorade Alaska Boys Basketball Player of the Year

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West Valley’s Jayden Miranda named Gatorade Alaska Boys Basketball Player of the Year


West Valley Wolfpack junior guard Jayden Miranda looks to pass the ball during a 56-38 loss to the Forest Wildcats from Ocala, Florida during the opening round of the Alaska Airlines Classic at West Anchorage High School on Thursday, Jan. 22, 2026. (Bill Roth / ADN)

Junior Jayden Miranda on Friday became the latest player from West Valley High School to be named Gatorade Alaska Boys Basketball Player of the Year.

“It feels good and it was definitely one of the goals that I had to check off my checklist,” he said. “I woke up, and I didn’t know. My coach told me, and it was just excitement in my heart. My heart was beating and I was just smiling.”

Miranda led the Wolfpack boys basketball team to a Mid Alaska Conference championship and the No. 1 seed at the 2026 ASAA 4A state tournament.

The 5-foot-11 guard also helped lead West Valley to a 22-4 record, and through 23 games, he averaged 14.7 points, 3.8 rebounds and 2.5 assists as well as shooting 51.8% from the floor and 39.7% from the perimeter.

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“Miranda is a great kid on and off the court — gets good grades and never gets in trouble,” North Pole head coach Travis Church said in a statement. “Looking around 4A, I don’t see anyone who would measure up. He’s the best player on the best team in the state. It’s hard for me to imagine going with anyone else.”

Miranda is the second player from the program to receive the award. The first was two-time recipient Stewart Erhart, who was honored in back-to-back years from 2022-23.

The award acknowledges a student-athlete’s athletic achievement, and also recognizes outstanding academic excellence and exceptional character displayed on and off the court.

Miranda maintained a 3.36 GPA and volunteered locally with the Fairbanks Community Food Bank, donated time as a youth basketball coach and is a practiced artist who has also taken multiple cooking classes in high school.

He and the top-seeded Wolfpack fell short of advancing to the finals Friday after losing 59-52 to fifth-seeded South Anchorage.

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Noordam Starts Repositioning Cruise to West Coast – Cruise Industry News

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Noordam Starts Repositioning Cruise to West Coast – Cruise Industry News


The Noordam sailed from Australia earlier this month to kick off a 36-night repositioning voyage to the West Coast. Sailing between Sydney and Seattle, the month-long itinerary started in mid-March and includes destinations in the South Pacific, French Polynesia and Hawaii. The cruise is highlighted by overnight visits to Honolulu…



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Big Oil Flocks to Alaska in Record-Setting Petroleum Lease Sale | OilPrice.com

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Big Oil Flocks to Alaska in Record-Setting Petroleum Lease Sale | OilPrice.com


The first lease sale in the National Petroleum Reserve-Alaska in seven years became the most successful auction in the area ever, as oil majors bid on hundreds of tracts, signaling they haven’t given up on Alaska’s petroleum resources despite development and court challenges.

This week’s oil and gas lease sale for the National Petroleum Reserve in Alaska, one of five mandated in the next decade under the Trump Administration’s One Big Beautiful Bill Act (OBBBA), drew a record high of $163.7 million in high bids and resulted in 187 leases in total, awarded to companies including ExxonMobil, ConocoPhillips, and a consortium of Repsol and Shell subsidiaries.

The lease sale set a record for Alaska with the most revenue generated ever, the most tracts receiving bids, and the second most acreage sold in a single sale, the Bureau of Land Management said.

The BLM offered 625 tracts across about 5.5 million acres for bid in the sale, revived at the end of last year by the Trump Administration. No lease sales were held in the National Petroleum Reserve in Alaska under President Biden.

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In the first sale since 2019, a total of 11 companies submitted bids on 187 tracts covering 1,334,967 acres.

The Trump Administration, the state of Alaska, and the local oil and gas association welcomed the results of the record-setting lease sale as a vote of confidence for Alaska’s role in American energy dominance, while environmentalists vowed to challenge any oil and gas drilling in court, the way they are already doing for the lease program itself.

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“Today’s lease sale underscores the National Petroleum Reserve in Alaska’s vital role in strengthening America’s energy security while fueling economic growth across Alaska,” Secretary of the Interior Doug Burgum said.

Alaska’s Republican Governor Mike Dunleavy noted that the lease sale “reinforces Alaska’s role as a reliable energy producer, supports high-paying jobs for our families, provides additional revenue to the state, and strengthens American energy security at a time when energy security is more important than ever.”

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The Alaska Oil and Gas Association and other business organizations in the state said that the “strong participation and unprecedented results underscore renewed investor confidence in Alaska’s North Slope and the state’s long-term resource potential.”  

“The Trump administration deserves credit for helping restore access and certainty in the petroleum reserve, allowing industry to step forward with meaningful commitments,” said Steve Wackowski, president and CEO of the Alaska Oil and Gas Association.

“That confidence is critical to advancing responsible development of Alaska’s vast resources, supporting jobs, sustaining the Trans-Alaska Pipeline System, and strengthening U.S. national security in an increasingly uncertain world.”

The National Petroleum Reserve already hosts one massive oil development— the $9-billion Willow project by ConocoPhillips, which was approved by the Biden Administration in 2023, and is expected to start producing oil in 2029. Peak production is designed to be about 180,000 barrels per day (bpd) of crude.

Going forward, the development of any additional resources in Alaska’s National Petroleum Reserve would not be a fast and easy task. The conditions are harsher than in other areas, while environmentalists have vowed to fight both the latest lease sale and any future oil and gas drilling and development plans.

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The Invisible Metals Powering a Trillion-Dollar Economy

Two groups represented by Earthjustice, the Center for Biological Diversity, and Friends of the Earth, restarted litigation last month challenging the lease sales and the underlying management plan, which opens 18.5 million acres within the 23-million-acre Reserve to potential oil and gas drilling and infrastructure.? Three other lawsuits also challenge the lease sale or decisions related to it.

“The results of this sale will spell disaster for the surrounding area,” said Hallie Templeton, Legal Director at Friends of the Earth U.S.?

“We will continue to see the Trump administration in court over its blatant disregard of federal law and complete failure to protect this vulnerable and rapidly shrinking area of our planet.”

By Tsvetana Paraskova for Oilprice.com

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