GANNETT CO., INC.
1987 DEFERRED COMPENSATION PLAN
Restated as of December 1, 1993
The Gannett Co., Inc. 1987 Deferred Compensation Plan ("Plan") provides the opportunity for Directors to defer
all or part of their fees and key employees to defer all or part of their salary, bonus and/or shares of Gannett
common stock issued pursuant to Stock Incentive Rights under the Gannett Co., Inc. 1978 Long-Term Incentive
Plan ("Compensation") payable by Gannett Co., Inc. ("Company") to future years as part of their financial
2.0 EXPLANATION OF PLAN
The Plan is available (a) to Directors of the Company and (b) to officers and employees of the Company who
reside in the United States and who are designated as eligible by the Deferred Compensa- tion Committee
described in Section 3.4 ("Committee").
2.3 Interest in the Plan; Deferred Compensation Account
For each eligible person who elects to defer Compensation earned during a year ("Participant"), separate
Deferred Compensation Accounts shall be established for that year for each type of Compen- sation deferred. A
Participant's interest in the Plan shall be the Participant's right to receive payments under the terms of the Plan. A
Participant's payments from the Plan shall be based upon the value attributable to the Participant's Deferred
Compensation Accounts. The value attributable to a Deferred Compensation Account on a par- ticular date is
equal to the value on that date of the hypothetical investments held in that Account.
2.4 Amount of Deferral
(a) A Participant may elect to defer receipt of all or a part of his or her Compensation provided that the minimum
deferral for any type of Compensation being deferred is $5,000 for the year of deferral. In any year in which the
percentage selected defers less than $5,000 of the type of Compensation being deferred, there shall be no
deferral of that type of Compensation for that year.
(b) Notwithstanding Section 2.4(a), Compensation sha