Gannett Board Approves Dividend Increase
McLEAN, VA – Gannett Co., Inc.’s (NYSE:GCI) board of directors today declared a regular quarterly dividend of 29 cents per share, the 37th increase since Gannett became a public company in 1967. This represents an increase of 2 cents per share, or 7.4 percent.
The new quarterly dividend is payable on October 3, 2005 to shareholders of record on September 16, 2005.
Douglas H. McCorkindale, chairman, said: “This is the 149th consecutive quarterly dividend since Gannett went public. Our dividend increase reflects Gannett’s financial strength and its focus on continuing to return value to our shareholders.”
Gannett Co., Inc. is a leading international news and information company that publishes 101 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns more than 800 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 more than 300 titles, including 17 daily newspapers, and a network of prize-winning Web sites. Gannett also operates 21 television stations in the United States and is an Internet leader with sites sponsored by its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.
For investor inquiries, contact:
Jeffrey Heinz
Director, Investor Relations
(703) 854-6917 jheinz@gannett.com
For media inquiries, contact:
Tara Connell
Vice President of Corporate Communications
(703) 854-6049
tjconnel@gannett.com