Board of Directors Declares Quarterly Dividend; New Director Elected
ARLINGTON, Va. — At its regular October meeting, the Gannett Board of Directors today declared a quarterly dividend of 19 cents per share, payable on Jan. 2, 1998, to shareholders of record on Dec. 12, 1997.
In addition, Gannett directors elected Washington attorney Karen Hastie Williams to the board.
With her election, Gannett directors number 10.
“Karen Hastie Williams has had a distinguished career in business, government and public service,” said John J. Curley, Gannett chairman and CEO. “We welcome this opportunity to benefit from her diverse talents and experience.”
Gannett’s directors serve for staggered terms, with one-third of the board standing for election each year. Williams’ term begins Dec. 9, 1997. She joins the class of directors whose terms expire May 2000.
Williams has been a partner of the Crowell & Moring law firm in Washington, D.C., since 1982. She has had extensive experience in public contract law, legislation and federal budget practices.
Williams served as the administrator of the Office of Federal Procurement Policy, Office of Management and Budget during 1980 and 1981. She also was Chief Counsel to the U.S. Senate Committee on the Budget, and was a law clerk to Supreme Court Justice Thurgood Marshall, and to Judge Spottswood Robinson III of the U.S. Court of Appeals for the District of Columbia Circuit.
Her other board memberships include Crestar Financial Services Corporation, Continental Airlines, Inc., Fannie Mae, SunAmerica, Inc. and Washington Gas Light Company. Her public service includes service on the board of directors of the Lawyers’ Committee for Civil Rights Under Law, the board of trustees of the NAACP Legal Defense and Education Fund and Amherst College.
Williams holds a B.A. from Bates College, an M.A. from Tufts University and a J.D. from Columbus Law School, Catholic University of America.
Gannett is a nationwide news and information company that publishes 89 daily newspapers, including USA TODAY, and USA WEEKEND, a newspaper magazine. Gannett also operates 18 television stations, five radio stations, cable television systems in five states and alarm security services.