Gannett August 2015 Company Overview

Forward-Looking Statements Certain statements in this presentation may be forward looking in nature or constitute “forward- looking statements” as defined in the Private Securities Litigation Reform Act of The words “believe,” “expect,” “estimate,” “could,” “should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and similar expressions, among others, generally identify “forward-looking statements,” which speak only as of the date the statements were made. The matters discussed in these forward-looking statements are subject to a number of risks, trends and uncertainties that could cause actual results to differ materially from those projected, anticipated or implied in the forward- looking statements. A number of those risks, trends and uncertainties are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including the Company’s registration statement on Form 10. Any forward-looking statements should be evaluated in light of these important risk factors. The Company is not responsible for updating or revising any forward- looking statements, whether as a result of new information, future events or otherwise, except as required by law. This presentation also contains a discussion of certain non-GAAP financial measures that the Company presents in order to allow investors and analysts to measure, analyze and compare its financial condition and results of operations in a meaningful and consistent manner. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP measures can be found in the Company’s registration statement on Form 10, which is available through the investor relations portion of our website.

Company Name Gannett Co., Inc. Incorporation Delaware President and CEO Robert J. Dickey Headquarters McLean, VA Employees 19, Revenues $3.2 billion Ticker Symbol GCI  Profile

LEADING MEDIA AND MARKETING COMPANY Gannett is a leading media and marketing company with unparalleled local-to-national reach, successfully connecting consumers, communities and businesses. Gannet has USA TODAY, 92 strong local media organizations in 33 states and Guam, and more than 160 local news brands in the U.K. Each month more than 95 million unique visitors access content from USA TODAY and Gannett’s local media organizations, putting the company squarely in the Top 10 U.S. news and information category. U.S. newspapers add an additional audience of 9 million readers every weekday.

INVESTMENT HIGHLIGHTS $727 million 2Q revenues at 13.3% Adjusted EBITDA margin Achieved $178 million total quarterly digital revenues, 24% of total revenues. Cost reduction estimated at $67 million to be achieved by first half of Strong Financial Profile High level of stable cash flow. Free Cash Flows of $120 million for first half of 2015 before pre- spin pension contributions Dividend of $0.16 per share, $0.64 per share annualized Well-Positioned to Make Accretive Acquisitions Completed the acquisition of the remaining 59.4% in the Texas-New Mexico Newspaper Partnership. Completed the acquisition of Romanes Media Group in the UK. Transactions expected to contribute annual revenues of approximately $100 million over the next twelve months. Generated pre-tax gain on equity investment of $21.8 million Undrawn $500 million revolver plus $62 million cash on hand Share buyback program of $150 million High Liquidity Available for Return of Capital to Shareholders

Second Quarter Financial Highlights Q2 2015Q2 2014B/(W) Revenues, as reported $ $ % Businesses exited in prior year (12.0) - Effects of FX (10.6) - Revenue before impact of exited businesses and FX % Businesses acquired in Q (9.3) - Total Revenues, as adjusted $ $ % Adjusted EBITDA $ 97.0 $ % Adjusted EBITDA %13.3%15.7%-2.4%

LOCAL NEWSPAPERS IN STABLE MID-SIZED MARKETS THROUGHOUT THE U.S. 92 daily local markets Well positioned in mid-size and smaller markets Geographical diversity a core strength Rebalancing resources towards differentiated relevant local reporting

ATTRACTIVE LOCAL CIRCULATION AND ADVERTISING REVENUE PROFILE Local Market Circulation* Circulation Revenue Full Access Including Digital Only 81.8% Single Copy 16.4% Other 1.8% *Excludes Texas New Mexico Newspapers Partnership Full access including digital only subscription revenue provides Gannett a more stable revenue base Local accounts offer stronger protection from secular pressures 2.4M Full Access including Digital Only Subscriptions 70% of Subscribers are either on EZ Pay or Annual Payments Full Access including Digital Only Subscription Revenue up 1.1% YTD Local Digital Advertising makes up 28.3% of Local Account revenue Local Digital Advertising up 0.5% YoY in LTM Local Digital Retail Advertising (excluding Classified) up 7.6% YoY in LTM Advertising & Marketing Services Revenue National Major Retail Accounts 22% Local Market Advertising* National Major Retail Accounts 21% Local 79%

Implemented All Access content subscription model in 2012 ~30 million unique domestic visitors Large user base accessing content via desktops, smartphones and tablets ~2 million downloads of local newspaper apps Diversified digital revenues LARGE AND GROWING GLOBAL DIGITAL REVENUE BASE 35% since 2012 Digital Revenues (millions) Digital Revenues by Category

USA TODAY: A POWERFUL AND UNIQUE NATIONAL BRAND 28% YoY 1 Source: comScore Media Metrix 2 Source: Alliance for Audited Media #1 publication with total daily circulation of 4 million Average cross-platform page views of more than 1.0 billion per month Valuable brand leveraged across various businesses 22+ million downloads of USA TODAY's award-winning app Daily Average Circulation (MM) 2 USA TODAY Sports Media Group Quality content delivered on multiple platforms drive visitors and engagement Sports continue to be a driver of growth for USA Today 122% since % since 2012

Top regional community news provider in the U.K. 19 daily paid-for titles 150+ weekly print products, magazines and trade publications Well-positioned in mid-size and smaller markets Network of websites including s1, a leading employment website in Scotland, and other digital products Total average print readership of 6 million every week ~22 million monthly unique visitors to Newsquest digital platforms Industry leading margins 1 Source: Omniture Web Analytics (Newsquest data) LEADING COMMUNITY NEWSPAPER PUBLISHER IN THE U.K. Digital Growth (£m) Accelerating Digital Audience (Average Monthly Browsers - Millions) Robust and Growing Digital Revenues and Audience 42% since % since 2012

COMMITTED TO RETURNING CAPITAL TO SHAREHOLDERS Allocating capital to create value Direct returns to shareholders Investment in the business Strategic and accretive acquisitions Repayment of debt, if any Illustrative Free Cash Flow Allocation 2014 Free Cash Flow$274 Less: Dividends 73 1 Less: Repurchases 50 1 Excess Annual Cash Flow Available for Accretive Investments / Further Return of Capital $151 In millions of dollars ($ in millions) Share repurchases attractive at current share price level Gannett will initially pay an annual cash dividend of $0.64 / share and commence a $150MM share repurchase program, to be used over a 3-year period Declared $0.16 quarterly dividend per share Total annual expected dividends and share repurchases represents 26% of 2014A EBITDA 1 Expected Significant available liquidity for accretive acquisitions or further returns of capital to shareholders Disciplined Capital Policy

Fragmented market provides consolidation opportunities at attractive multiples Source: BIA; PWC Global entertainment and media outlook ¹ BIA data of newspaper companies with daily circulation in excess of 10,000 Daily Circulation by Company 1 Total daily circulation: 41 million Other includes ~200 companies with over 2,000 titles Gannett 12% Digital First Media 8% News Corp. 6% Tribune Publishing 5% McClatchy 5% New York Times 4% Advance 3% BH Media 3% Lee 3% Hearst 2% New Media 2% Other 45% SUBSTANTIAL UNTAPPED CONSOLIDATION OPPORTUNITY Gannett plans to acquire more local markets to add scale and increase its national footprint Acquisitions bring significant top line and bottom line synergy opportunities

ATTRACTIVE ACQUISITION OPPORTUNITIES THROUGHOUT THE COUNTRY Targeting markets between 0.5M and 3M population Additional targeted characteristics include university presence, state capital, diversified economy and ability to consolidate around market

MULTIPLE MARKET CONSOLIDATION SYNERGIES Consolidate back-office and infrastructure GPS – Manage production and distribution more efficiently than most independents and smaller chains Design Studios – Bring efficiencies to acquired sites by taking in design and copy editing NSSC/CCC/Finance Hubs – Take financial operations into our consolidated shared service centers USA TODAY Local Edition - Leverage improved subscriber value proposition through pricing Leverage Company-Wide Content and Resources Local Sales Expertise – Elevate the skill of local sales staffs by providing world-class training and research out of our regional sales organization National Sales Team – Increase advertising through existing national relationships, and streamline advertising at acquired sites Digital Platform – Apply our digital platform to new properties Content – Tap into content from across our entire footprint Consumer Marketing – Leverage the investments made in consumer sales capabilities to improve sales at acquired sites G/O – Provide digital marketing services to acquired sites

Appendix

Adjusted EBITDA

Second Quarter Financial Highlights