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Board of Directors Declares Quarterly Dividend Increase

ARLINGTON, Va. – A dividend increase was approved today by the Board of Directors of Gannett Co., Inc., the 31st increase since Gannett became a public company in 1967.

The new quarterly dividend of 21 cents per share, up from 20 cents, is payable on October 1, 1999, to shareholders of record on September 10, 1999.

The directors met in regular session today.

Gannett Co., Inc. is an international news and information company that publishes 74 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. In addition, the company owns a variety of non-daily publications, including USA WEEKEND, a weekly magazine. Newsquest plc, a wholly owned Gannett subsidiary acquired in mid-1999, is the largest regional newspaper publisher in England with 11 daily newspapers and a variety of non-daily publications, including Berrow’s Worcester Journal, the oldest continuously published newspaper in the world. Gannett also operates cable television systems in three states and 21 television stations.