Shareholders Re-Elect Three Board Members
ARLINGTON, VA – Gannett shareholders today re-elected three members of the board of directors during the annual meeting held at the company’s corporate headquarters here.
They are: H. Jesse Arnelle, Drew Lewis, Karen Hastie Williams.
Director Josephine P. Louis is retiring from the board, as she has reached the mandatory retirement age of 70.
Shareholders also approved an amendment to the Articles of Incorporation increasing the company’s authorized common stock from 400 million to 800 million shares.
At a meeting earlier today, the board declared a regular quarterly dividend of 21 cents per share, payable on July 3, 2000, to shareholders of record on June 9, 2000. The board also approved an amendment to Gannett’s Shareholder Rights Plan extending the expiration date of the Rights to May 31, 2010. The amendment also increases the initial exercise price of each Preferred Stock Purchase Right to $280.
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. The company also owns a variety of non-daily publications and USA WEEKEND, a weekly newspaper magazine. Newsquest plc, a wholly owned Gannett subsidiary acquired in mid-1999, is one of the largest regional newspaper publishers in England with a portfolio of more than 180 titles. Its publications include 11 daily newspapers with a combined circulation of approximately 450,000. Newsquest also publishes a variety of non-daily publications, including Berrow’s Worcester Journal, the oldest continuously published newspaper in the world. Gannett also operates 22 television stations and is an internet leader with sites sponsored by most of its TV stations and newspapers including USATODAY.com, one of the most popular news sites on the Web.