TEGNA INC — Director's Dealing 2003

Oct 8, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2003-10-06

Reporting Person: DUBOW CRAIG A (Pres, CEO-Gannett Broadcasting)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-06	Common Stock	M	4023	$59.50	Acquired	8059.687	Direct
2003-10-06	Common Stock	F	4023	$79.15	Disposed	4036.687	Direct
2003-10-06	Common Stock	I	1991.725	$79.90	Acquired	3177.5702	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-10-06	Employee Stock Option (right to buy)	$59.50	M	5351	Disposed	2007-12-09	Common Stock (5351)	Direct
2003-10-06	Phantom Stock	$	M	1328	Acquired		Common Stock (1328)	Direct
2003-10-06	Phantom Stock	$	J	1.313	Acquired		Common Stock (1.313)	Direct

Footnotes

F1: The initial option for 15,600 shares vested in four equal annual installments beginning on December 9, 1998.

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.

F4: In connection with stock option exercises reported on this Form 4 and prior Forms 4 by the reporting person, the reporting person paid the exercise price with shares of common stock. The reported transaction reflects the application by the plan administrator of the excess value of such shares over the aggregate exercise prices of such options toward additional shares of phantom stock.