GANNETT REPORTS FIRST QUARTER EARNINGS

By: Staff reports

Advertising Demand Remains Strong



Gannett Co. Inc. reported first-quarter earnings per share from continuing operations rose
22% to 74 cents on the strength of robust advertising demand, strong results from USA
Today, and contributions from British newspaper group Newsquest plc, which Gannett bought
in July 1999. Analysts polled by First Call Corp. had called for

73 cents EPS.



Newspaper operating cash flow rose 25% to $369.7 million in the first quarter. Pro forma ad
revenue was up 6%, including a 16% gain in national, 7% increase in classified, and 1%
decline in local. At USA Today, paid ad pages increased 17% over the same period last year
while ad revenue grew 24%.



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Staff reports



GANNETT’S EARNINGS IN 1999

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