This Agreement is made as of January 1, 2001, between Gannett Co., Inc., a Delaware corporation ("Gannett"),
and Douglas H. McCorkindale ("McCorkindale").
Mr. McCorkindale has contributed substantially to the growth and success of Gannett over a period of years.
Gannett desires to retain his services until his retirement from Gannett as set forth in this Agreement and to
provide the necessary compensation to assure such services.
Gannett and McCorkindale therefore agree as follows:
1. Employment. Gannett hereby employs McCorkindale as its President and Chief Executive Officer and,
effective February 1, 2001, as Chairman of the Board or in such other senior executive position as the Board of
Directors and McCorkindale shall mutually agree upon. McCorkindale hereby accepts the employment specified
herein, agrees to perform, in good faith, the duties, consistent with his position, prescribed by the Board of
Directors, abide by the terms and conditions described in this Agreement and to devote his full working time and
best efforts to Gannett. These obligations shall not restrict McCorkindale from engaging in his customary activities
as a director or trustee of other business and not-for-profit organizations. Gannett agrees to nominate
McCorkindale for election to the Board as a member of the management slate at each annual meeting of
stockholders during his employment hereunder at which McCorkindale's director class comes up for election.
McCorkindale agrees to serve on the Board if elected.
2. Term of Employment. The term of employment under this Agreement shall commence on the date first set forth
above and shall extend until McCorkindale's normal retirement date (as this term is defined in Gannett's
Retirement Plan), provided that the parties may agree to one or more one year extensions of this Agreement
commencing on McCorkindale's normal retirement date and each anniversary thereof. This Agreement shall be
deemed to have been extended by the partie