Gannett Co., Inc. Releases March Statistical Report

Gannett Co., Inc. (NYSE:GCI) reported today that totalpro forma operating revenues for the third period ended March 26, 2006declined 1.2 percent. Advertising gains were achieved at its domesticnewspapers and broadcasting segment but were offset by significantlylower ad demand at its UK properties. For comparison purposes, theexchange rate of Sterling year-over-year also affected results for thecompany's UK operations. If the exchange rate had remained constantyear-over-year, total pro forma operating revenues would haveincreased 0.5 percent for the period.

March

Pro forma (assuming that all properties presently owned were ownedin both periods) newspaper advertising revenues in March declined 2.0percent compared with the third period in 2005 on a 2.2 percentdecline in ROP volume and a 3.0 percent decline in preprintdistribution. If the exchange rate had remained constantyear-over-year, total pro forma newspaper advertising revenues wouldhave been flat. Newspaper advertising category results in part reflectthe impact of a later Easter this year. As in the past, we recommendcombining March and April results for comparison purposes.

Pro forma local advertising revenues were 2.7 percent lower on a4.0 percent decline in ROP ad volume in March. The performance of thecompany's small and medium-sized advertisers in its domesticnewspapers outpaced the revenue performance of its largestadvertisers. In the U.S., across all products, local ad revenue gainswere achieved in the furniture, entertainment, health and financialcategories while the department store, consumer electronics, grocery,restaurant, telecommunications and home improvement categories laggedlast year's comparable period. On a constant currency basis, pro formalocal advertising would have been down 1.6 percent.

Pro forma classified revenues declined 1.1 percent in the thirdperiod on a 0.5 percent decrease in ROP ad volume. On a constantcurrency basis, pro forma classified revenues would have been 2.1percent higher for March. Real estate revenues were up 15.1 percentwhile employment and automotive revenues declined 3.0 percent and 17.4percent, respectively, compared to last year's third period. On aconstant currency basis, real estate would have been up 19.6 percent,employment would have been up slightly and automotive revenues wouldhave been down 15.1 percent. Classified results in our domesticcommunity newspapers were significantly better than in the UK. In theU.S., pro forma classified revenues increased 6.5 percent in the thirdperiod comprised of a 31.1 percent increase in real estate revenuesand a 9.4 percent increase in employment revenues, while automotivedeclined 15.0 percent.

Pro forma national advertising revenues in March were 2.8 percentlower on a 9.3 percent decline in ad volume. National volume at thecompany's local domestic newspapers was 9.4 percent lower in theperiod. At USA TODAY, advertising revenues were 8.4 percent lower on adecline in paid ad pages to 344 from 373. For the third period, at USATODAY, strength in the automotive, telecommunications, financial, homeand building and retail categories was offset by weakness in thetravel, technology and pharmaceutical categories.

Pro forma broadcasting revenues, which include Captivate,increased 2.3 percent in the period. Television revenues were up 0.8percent for the third period. Local revenues were up 2.8 percent whilenational revenues were 1.9 percent lower.

First Quarter

For the first quarter of 2006, total pro forma operating revenueswere down 0.5 percent but would have increased 0.8 percent on aconstant currency basis.

Newspaper advertising revenues, on a pro forma basis, for thefirst quarter declined 1.8 percent and would have been down slightlyon a constant currency basis. The company's U.S. results were strongerthan its UK results as domestic newspaper advertising increased 1.5percent.

For the first quarter, pro forma local advertising was 1.8 percentlower and would have been 0.9 percent lower on a constant currencybasis. Local advertising in the U.S. for the quarter was downslightly.

Pro forma classified revenues for the quarter were down 1.9percent but on a constant currency basis would have been 0.5 percenthigher. Real estate revenues were 12.0 percent higher, whileemployment was down 3.9 percent and auto declined 16.9 percent. On aconstant currency basis for the quarter, real estate would have beenup 15.2 percent while employment and auto would have been down 1.3percent and 15.1 percent, respectively. For the quarter, classifiedrevenues were up 4.6 percent at our domestic community newspapers withincreases in real estate and employment revenues of 22.1 percent and7.4 percent, respectively. Automotive revenues were 13.7 percentlower.

Pro forma national advertising declined 1.7 percent for the firstquarter. If the exchange rate had remained constant year-over-year,national advertising would have been 1.1 percent lower. At USA TODAYadvertising revenues were 4.2 percent lower in the quarter while paidadvertising pages were 7.4 percent lower to 1,020 compared to 1,101 inthe year-ago period.

Pro forma broadcasting revenues for the quarter increased 10.9percent and television revenues were 10.2 percent higher reflecting,in part, advertising demand related to the Winter Olympic Games in thesecond period of 2006. Based on current pacings, television revenuesfor the second quarter of 2006 would be below last year's secondquarter in the low single digits.

In addition to the revenue and statistical summary, attached is achart which shows the consolidated Gannett Online audience share forMarch from Nielson//Net Ratings. In March, Gannett's domestic Websiteshad approximately 24.1 million unique visitors reaching 15.6 percentof the Internet audience.

The pro forma advertising and circulation revenue statisticsinclude the results for Exchange & Mart and Auto Exchange (acquired inSeptember 2005), Tallahassee (acquired August 29, 2005), 100 percentof the Detroit Newspaper Partnership (established August 2005), MintMagazine (acquired in July 2005) and Hometown Communications (acquiredMarch 31, 2005). The pro forma other revenue statistics include theresults for PointRoll, Inc. (acquired in June 2005). Ad linage forNewsquest, Clipper and NurseWeek are not included in the ad volumestatistics. Circulation volume numbers for Newsquest's paid dailynewspapers are included in the enclosed statistics, but volume fromunpaid daily and non-daily publications is not included in thecirculation volume statistics. The revenue and statistical datarelated to the former Gannett owned newspapers in Bellingham (WA),Olympia (WA) and Boise (ID) has been excluded from all periodspresented.

Gannett Co., Inc. is a leading international news and informationcompany that publishes 90 daily newspapers in the USA, including USATODAY, the nation's largest-selling daily newspaper. The company alsoowns nearly 1,000 non-daily publications in the USA and USA WEEKEND, aweekly newspaper magazine. Gannett subsidiary Newsquest is the UnitedKingdom's second largest regional newspaper company. Newsquestpublishes more than 300 titles, including 17 daily newspapers, and anetwork of prize-winning Web sites. Gannett also operates 21television stations in the United States and is an Internet leaderwith sites sponsored by its TV stations and newspapers includingUSATODAY.com, one of the most popular news sites on the Web.

Certain statements in this press release may be forward looking innature or "forward looking statements" as defined in the PrivateSecurities Litigation Reform Act of 1995. The forward lookingstatements contained in this press release are subject to a number ofrisks, trends and uncertainties that could cause actual performance todiffer materially from these forward looking statements. A number ofthose risks, trends and uncertainties are discussed in the company'sSEC reports, including the company's annual report on Form 10-K andquarterly reports on Form 10-Q. Any forward looking statements in thispress release should be evaluated in light of these important riskfactors.

Gannett is not responsible for updating the information containedin this press release beyond the published date, or for changes madeto this press release by wire services, Internet service providers orother media.
GANNETT CO., INC.
REVENUE & STATISTICAL SUMMARY

Period 3 (Feb. 27, 2006 - Mar. 26 2006)
%
2006 2005 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 185,305,000 $ 190,439,000 $ (5,134,000) (2.7)
National 69,447,000 71,482,000 (2,035,000) (2.8)
Classified 195,564,000 197,778,000 (2,214,000) (1.1)
-------------- -------------- ------------ ----
Total Advertising $ 450,316,000 $ 459,699,000 $ (9,383,000) (2.0)
============== ============== ============ ====
Circulation 106,979,000 108,653,000 (1,674,000) (1.5)
Other revenue 39,571,000 37,979,000 1,592,000 4.2
Broadcasting 57,772,000 56,495,000 1,277,000 2.3
-------------- -------------- ------------ ----
Total Revenue $ 654,638,000 $ 662,826,000 $ (8,188,000) (1.2)
============== ============== ============ ====

VOLUME:
Newspaper Inches:
Local 2,655,714 2,767,292 (111,578) (4.0)
National 310,674 342,500 (31,826) (9.3)
Classified 4,378,663 4,400,268 (21,605) (0.5)
-------------- -------------- ------------ ----
Total ROP 7,345,051 7,510,060 (165,009) (2.2)
============== ============== ============ ====
Preprint
Distribution
(in thousands) 958,182 987,479 (29,297) (3.0)
============== ============== ============ ====

NET PAID
CIRCULATION:
Morning (w/USAT) 7,192,288 7,322,152 (129,864) (1.8)
Evening 904,499 939,241 (34,742) (3.7)
-------------- -------------- ------------ ----
Total Daily 8,096,787 8,261,393 (164,606) (2.0)
============== ============== ============ ====
Sunday 6,458,793 6,553,853 (95,060) (1.5)
============== ============== ============ ====



Year-to-Date through Mar. 26, 2006
%
2006 2005 CHANGE CHANGE
REVENUES:
Advertising:
Local $ 523,882,000 $ 533,235,000 $ (9,353,000) (1.8)
National 202,344,000 205,844,000 (3,500,000) (1.7)
Classified 540,665,000 551,147,000 (10,482,000) (1.9)
-------------- -------------- ------------ ----
Total Advertising $1,266,891,000 $1,290,226,000 $(23,335,000) (1.8)
============== ============== ============ ====
Circulation 324,050,000 332,021,000 (7,971,000) (2.4)
Other revenue 109,025,000 105,213,000 3,812,000 3.6
Television 182,575,000 164,557,000 18,018,000 10.9
-------------- -------------- ------------ ----
Total Revenue $1,882,541,000 $1,892,017,000 $ (9,476,000) (0.5)
============== ============== ============ ====

VOLUME:
Newspaper Inches:
Local 8,093,044 8,299,038 (205,994) (2.5)
National 960,478 1,014,611 (54,133) (5.3)
Classified 13,355,214 13,612,504 (257,290) (1.9)
-------------- -------------- ------------ ----
Total ROP 22,408,736 22,926,153 (517,417) (2.3)
============== ============== ============ ====
Preprint
Distribution
(in thousands) 2,904,230 2,954,472 (50,242) (1.7)
============== ============== ============ ====

NET PAID
CIRCULATION:
Morning (w/USAT) 7,080,260 7,171,769 (91,509) (1.3)
Evening 905,450 942,146 (36,696) (3.9)
-------------- -------------- ------------ ----
Total Daily 7,985,710 8,113,915 (128,205) (1.6)
============== ============== ============ ====
Sunday 6,425,793 6,555,343 (129,550) (2.0)
============== ============== ============ ====

Note: The above revenue amounts and statistics have been restated to
include all companies presently owned, including the Exchange & Mart
and Auto Exchange (non-daily publications acquired in September 2005),
the Tallahassee Democrat (acquired August 29, 2005), 100% of the
Detroit Newspaper Partnership (established August 2005), Mint Magazine
(acquired in July 2005), PointRoll, Inc. (acquired in June 2005) and
Hometown Communications (acquired in late March 2005). PointRoll is a
marketing services company with a suite of media products that
delivers enhanced online marketing opportunities for advertisers,
agencies and online publishers. PointRoll is included above in Other
revenue. Hometown is a community publishing company with one daily
newspaper, 62 non-daily community newspapers, 24 community telephone
directories and other specialty and niche publications. The revenue
and statistical data related to the former Gannett owned newspapers in
Bellingham (WA), Olympia (WA) and Boise (ID) has been excluded from
all periods presented.

Operating results from the company's newspaper in Tucson, which
participates in a joint operating agency, are accounted for under the
equity method of accounting and are reported as a single amount in
other operating revenues. Advertising linage statistics from this
newspaper are not included above, however, circulation volume
statistics are included.

Newsquest is a regional newspaper publisher in the United Kingdom with
more than 300 titles, including paid and unpaid daily and non-daily
products. Circulation volume statistics for Newsquest's 17 paid daily
newspapers are included above. Circulation volume statistics for
Sunday Herald are included above in the Sunday statistics. Circulation
volume statistics for Newsquest's unpaid daily and non-daily
publications are not reflected above. Advertising linage for Newsquest
publications is not reflected above.

Circulation volume statistics for Detroit Free Press, a morning
newspaper, are reflected above. Circulation volume statistics for The
Detroit News, an evening newspaper, are not reflected above.
Circulation volume and advertising linage statistics for non-daily
products, including NurseWeek and Clipper Magazine are not reflected
above.


Gannett Online Internet Audience
March 2006

Nielsen//NetRatings
-------------------
Home/Work Panel Combined

Unique Visitors Percentage Reach of
Per Month Internet Audience
--------------- -------------------
Gannett Online 24,063,000 15.6%