Exhibit 11

CALCULATION OF EARNINGS PER SHARE

Gannett Co., Inc. and Subsidiaries

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

	Thirteen weeks ended				Thirty-nine weeks ended
	Sept. 25, 2005		Sept. 26, 2004		Sept. 25, 2005		Sept. 26, 2004
Basic earnings:
Income from continuing operations	$	274,615	$	304,846	$	867,990	$	923,444
Discontinued operations:
Income from the operation of discontinued operations, net of tax		3,639		5,363		14,644		15,605
Gain on disposal of newspaper businesses, net of tax		18,755		—		18,755		—
Net income	$	297,009	$	310,209	$	901,389	$	939,049
Weighted average number of common shares outstanding		242,874		261,146		247,120		267,898
Earnings from continuing operations per share - basic	$	1.13	$	1.17	$	3.51	$	3.45
Discontinued operations per share - basic		0.01		0.02		0.06		0.06
Gain on disposal of newspaper businesses per share - basic		0.08		—		0.08		—
Basic earnings per share	$	1.22	$	1.19	$	3.65	$	3.51
Diluted earnings:
Income from continuing operations	$	274,615	$	304,846	$	867,990	$	923,444
Discontinued operations:
Income from the operation of discontinued operations, net of tax		3,639		5,363		14,644		15,605
Gain on disposal of newspaper businesses, net of tax		18,755		—		18,755		—
Net income	$	297,009	$	310,209	$	901,389	$	939,049
Weighted average number of common shares outstanding		242,874		261,146		247,120		267,898
Dilutive effect of outstanding stock options and stock incentive rights		1,139		2,658		1,633		2,964
Weighted average number of shares outstanding, as adjusted		244,013		263,804		248,753		270,862
Earnings from continuing operations per share - diluted	$	1.13	$	1.16	$	3.49	$	3.41
Discontinued operations per share - diluted		0.01		0.02		0.06		0.06
Gain on disposal of newspaper businesses per share - diluted		0.08		—		0.08		—
Diluted earnings per share	$	1.22	$	1.18	$	3.62	$	3.47