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Gannett Sells $1.8 Billion in Unsecured Global Notes

Press release from the issuing company

MCLEAN, Va.--March 11, 2002--Gannett Co., Inc. announced today that it has agreed to sell $1.8 billion aggregate principal amount of unsecured global notes in an underwritten public offering through an underwriting group led by Banc of America Securities LLC, Banc One Capital Markets, Inc. and J.P. Morgan Securities Inc. The unsecured global notes sold by Gannett consist of $600 million aggregate principal amount of 4.95% Notes due 2005, $700 million aggregate principal amount of 5.50% Notes due 2007 and $500 million aggregate principal amount of 6.375% Notes due 2012. The net proceeds of the offering are expected to be used to repay outstanding commercial paper.