TEGNA INC — Director's Dealing 2004

Dec 16, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GANNETT CO INC /DE/ (GCI)
CIK: 0000039899
Period of Report: 2004-12-15

Reporting Person: DAVIDSON PAUL (Chief Exec/Newsquest Media Grp)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-15	Common Stock	M	1625	$56.25	Acquired	10133	Direct
2004-12-15	Common Stock	M	3375	$54.31	Acquired	13508	Direct
2004-12-15	Common Stock	S	3300	$80.34	Disposed	10208	Direct
2004-12-15	Common Stock	S	1700	$80.33	Disposed	8508	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-15	Employee Stock Option (right to buy)	$56.25	M	1625	Disposed	2010-07-24	Common Stock (1625)	Direct
2004-12-15	Employee Stock Option (right to buy)	$54.31	M	3375	Disposed	2010-12-05	Common Stock (3375)	Direct

Footnotes

F1: The initial option for 6,500 shares vested in four equal annual installments beginning on July 24, 2001.

F2: The initial option for 13,500 shares vested in four equal annual installments beginning on December 5, 2001.