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Gannett Announces Expiration and Final Results of Cash Tender Offer for Its Floating Rate Notes Due 2009

McLEAN, VA – Gannett Co., Inc. (NYSE: GCI) today announced the expiration and final results of its previously announced cash tender offer to purchase any and all of its outstanding Floating Rate Notes Due 2009 (CUSIP No. 364725AF8) (the “Securities”). The tender offer was made pursuant to an Offer to Purchase dated December 4, 2008 and the related Letter of Transmittal, which set forth the terms of the tender offer.

The tender offer expired at 5:00 p.m., New York City time, on December 11, 2008. $98,430,000 in aggregate principal amount of Securities, representing approximately 13.5 percent of the outstanding Securities, were validly tendered (and not validly withdrawn) in the tender offer. The Company has accepted all such Securities for payment and will pay the full tender offer consideration, plus accrued interest, on the settlement date pursuant to the terms of the tender offer. The Securities will be purchased utilizing borrowings under the Company’s existing credit facilities.

Citi served as the dealer manager and Global Bondholder Services Corporation served as the information agent for the tender offer.

Prior to the tender offer, the Company had repurchased $19,365,000 in principal amount of the Securities in a privately negotiated transaction so that following the tender offer there will be a total of $632,205,000 in principal amount of the Securities outstanding.

Gannett Co., Inc. is a leading international news and information company that publishes 85 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns nearly 900 non-daily publications in the USA and USA WEEKEND, a weekly newspaper magazine. Gannett subsidiary Newsquest is the United Kingdom’s second largest regional newspaper company. Newsquest publishes 17 daily paid-for titles, approximately 300 weekly newspapers, magazines and trade publications, and a network of award-winning Web sites. Gannett also operates 23 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including, one of the most popular news sites on the Web.

For investor inquiries, contact:
Jeffrey Heinz
Director, Investor Relations
(703) 854-6917

For media inquiries, contact:
Tara Connell
Vice President of Corporate Communications
(703) 854-6049