TABLE OF CONTENTS 2001 FINANCIAL SUMMARY . . . . . . . . . . . . . . . . . . . .1 LETTER TO SHAREHOLDERS . . . . . . . . . . . . . . . . . . . . . .2 SUMMARY OF OPERATIONS . . . . . . . . . . . . . . . . . . . . .4 BOARD OF DIRECTORS . . . . . . . . . . . . . . . . . . . . . . .12 COMPANY AND DIVISIONAL OFFICERS . . . . . . . . . . .14 SEPT. 11 CHARITABLE CONTRIBUTIONS . . . . . . . . . . . .16 FINANCIALS TABLE OF CONTENTS . . . . . . . . . . . . . . .17 MARKETS WE SERVE . . . . . . . . . . . . . . . . . . . . . . . . .66 GLOSSARY OF FINANCIAL TERMS . . . . . . . . . . . . . . . .72 GANNETT SHAREHOLDER SERVICES . . . . . . . . . . . . . .73 COMPANY PROFILE Gannett Co., Inc. is a diversified news and information company that publishes newspapers, operates broadcasting stations and is engaged in marketing, commercial printing, a newswire service, data services and news programming. Gannett is an international company with headquarters in McLean, Va., and operations in 43 states, the District of Columbia, Guam, the United Kingdom, Belgium, Germany, Italy and Hong Kong.  Gannett is the USA’s largest newspaper group in terms of circulation. The company’s 95 U.S. daily newspapers have a combined daily paid circulation of 7.7 million. They include USA TODAY, the nation’s largest-selling daily newspaper, with a circulation of approximately 2.3 million. In addition, Gannett owns a variety of non-daily publications and USA WEEKEND, a weekly newspaper magazine. Newsquest plc, a wholly owned Gannett subsidiary acquired in mid-1999, is one of the largest regional newspaper publishers in the United Kingdom with a portfolio of more than 300 titles. Its publications include 15 daily newspapers with a combined circulation of approximately 600,000. Newsquest also publishes a variety of non-daily publications, including Berrow’s Worcester Journal, the oldest continuously published newspaper in the world. The company owns and operates 22 television stations covering 17.7 percent of the USA.  Gannett was founded by Frank E. Gannett and associates in 1906 and incorporated in 1923. The company went public in 1967. Its more than 265 million shares of common stock are held by approximately 13,700 shareholders of record in all 50 states and several foreign countries. The company has approximately 51,500 employees. 