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Gannett Sells $1.25 Billion of Unsecured Senior Notes

McLEAN, VA – Gannett Co., Inc. (NYSE: GCI) announced today that it has agreed to sell $750 million aggregate principal amount of floating rate notes due May 26, 2009 and $500 million aggregate principal amount of 5.75% notes due June 1, 2011 in an underwritten public offering through Banc of America Securities LLC, Barclays Capital Inc. and J.P. Morgan Securities Inc. as representatives of the several underwriters. The notes will rank equally with Gannett’s outstanding senior debt. The net proceeds of the offering are expected to be used to repay a portion of Gannett’s outstanding commercial paper as it matures and for general corporate purposes. The offering is expected to close on May 26, 2006.

When available, a written prospectus relating to the offering may be obtained from Banc of America Securities LLC, Prospectus Department, 100 West 33rd Street, 3rd Floor, New York, New York 10001, Barclays Capital Inc., 200 Park Avenue, New York, New York 10166, and J.P. Morgan Securities Inc., Investment Grade Syndicate Desk, 270 Park Avenue, New York, N.Y. 10017, Tel. (212) 834-4533.

Gannett Co., Inc. is a leading international news and information company that publishes 90 daily newspapers in the USA, including USA TODAY, the nation’s largest-selling daily newspaper. The company also owns nearly 1,000 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, one of the most popular news sites on the Web.

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

Media inquiries:
Tara Connell
Vice President of Corporate Communications
(703) 854-6049