Exhibit 11

CALCULATION OF EARNINGS PER SHARE

Gannett Co., Inc. and Subsidiaries

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

	Thirteen weeks ended
	June 26, 2005		June 27, 2004
Basic earnings:
Net income	$	338,643	$	354,432
Weighted average number of common shares outstanding		246,374		270,227
Earnings per share - basic	$	1.37	$	1.31
Diluted earnings:
Net income	$	338,643	$	354,432
Weighted average number of common shares outstanding		246,374		270,227
Dilutive effect of outstanding stock options and stock incentive rights		1,635		3,314
Weighted average number of shares outstanding, as adjusted		248,009		273,541
Earnings per share - diluted	$	1.37	$	1.30
	Twenty-six weeks ended
	June 26, 2005		June 27, 2004
Basic earnings:
Net income	$	604,380	$	628,840
Weighted average number of common shares outstanding		249,244		271,274
Earnings per share - basic	$	2.42	$	2.32
Diluted earnings:
Net income	$	604,380	$	628,840
Weighted average number of common shares outstanding		249,244		271,274
Dilutive effect of outstanding stock options and stock incentive rights		1,890		3,158
Weighted average number of shares outstanding, as adjusted		251,134		274,432
Earnings per share - diluted	$	2.41	$	2.29