Exhibit 11

CALCULATION OF EARNINGS PER SHARE

Gannett Co., Inc. and Subsidiaries

Unaudited, in thousands of dollars (except per share amounts)

	Thirteen weeks ended
	Mar. 27, 2005		Mar. 28, 2004
Basic earnings:
Net income	$	265,737	$	274,408
Weighted average number of common shares outstanding		252,115		272,321
Earnings per share—basic	$	1.05	$	1.01
Diluted earnings:
Net income	$	265,737	$	274,408
Weighted average number of common shares outstanding		252,115		272,321
Dilutive effect of outstanding stock options and stock incentive rights		2,155		3,186
Weighted average number of shares outstanding, as adjusted		254,270		275,507
Earnings per share—diluted	$	1.05	$	1.00

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