TEGNA INC — Director's Dealing 2003

Nov 18, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2003-11-14

Reporting Person: MCCORKINDALE DOUGLAS H (Director, Chairman, Pres and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-14	Common Stock	M	35000	$32.00	Acquired	397116	Direct
2003-11-14	Common Stock	S	34500	$86.00	Disposed	362616	Direct
2003-11-14	Common Stock	S	500	$86.01	Disposed	362116	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-14	Employee Stock Option (right to buy)	$32.00	M	35000	Disposed	2003-12-12	Common Stock (35000)	Direct
2003-11-14	Phantom Stock	$	A	653.444	Acquired		Common Stock (653.444)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	874	Indirect

Footnotes

F1: The initial option for 200,000 shares vested in four equal annual installments beginning on December 12, 1996.

F2: These shares of phantom stock convert to common stock on a one-for-one basis.

F3: These shares of phantom stock are payable on various dates selected by the reporting person or as provided in the issuer's Deferred Compensation Plan.