TEGNA (TGNA) 10-Q 4 Nov 09 2009 Q3 Quarterly report Financial data

Document and Company Informatio

Document and Company Information (USD $)
	9 Months Ended Sep. 27, 2009	Jun. 29, 2008
Document And Company Information [Abstract]
Entity Registrant Name	GANNETT CO INC /DE/
Entity Central Index Key	0000039899
Document Type	10-Q
Document Period End Date	2009-09-27
Amendment Flag	false
Current Fiscal Year End Date	--12-27
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$5,020,320,713
Entity Common Stock, Shares Outstanding (actual numbers)	236,236,708

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (USD $)
In Thousands	Sep. 27, 2009	Dec. 28, 2008
Current assets
Cash and cash equivalents	$123,769	$98,949
Trade receivables, less allowance for doubtful receivables (2009 - $55,046; 2008 - $59,008)	654,992	846,590
Other Receivables	23,338	58,399
Inventories	63,976	121,484
Deferred income taxes	23,158	29,386
Prepaid expenses and other current assets	111,068	91,136
Total current assets	1,000,301	1,245,944
Property, plant and equipment
Cost	4,562,146	4,607,363
Less accumulated depreciation	(2,533,637)	(2,385,869)
Net property, plant and equipment	2,028,509	2,221,494
Intangible and other assets
Goodwill	2,868,665	2,872,888
Indefinite-lived and amortizable intangible assets, less accumulated amortization	581,936	582,691
Deferred income taxes	416,937	460,567
Investments and other assets	422,224	413,230
Total intangible and other assets	4,289,762	4,329,376
Total assets	7,318,572	7,796,814
Current liabilities
Accounts payable and current portion of film contracts payable	272,529	324,573
Compensation, interest and other accruals	362,665	468,722
Dividends payable	9,642	91,465
Income taxes	44,264	0
Deferred income	236,862	272,381
Total current liabilities	925,962	1,157,141
Income taxes	194,183	227,067
Long-term debt	3,312,856	3,816,942
Postretirement medical and life insurance liabilities	205,300	217,143
Pension liabilities	831,510	882,511
Other long-term liabilities	255,835	248,482
Total liabilities	5,725,646	6,549,286
Redeemable noncontrolling interest	76,892	72,840
Gannett Co., Inc. shareholders' equity
Preferred stock of $1 par value per share. Authorized: 2,000,000 shares; Issued: none	0	0
Common stock of $1 par value per share. Authorized: 800,000,000 shares; Issued: 324,418,632 shares	324,419	324,419
Additional paid-in capital	637,140	743,199
Retained earnings	6,200,477	6,006,753
Accumulated other comprehensive loss	(403,397)	(469,252)
Shareholders' Equity before Treasury stock	6,758,639	6,605,119
Less treasury stock, 88,181,924 shares and 96,295,239 shares, respectively, at cost	(5,380,058)	(5,549,237)
Total Gannett Co., Inc. shareholders' equity	1,378,581	1,055,882
Noncontrolling interest	137,453	118,806
Total equity	1,516,034	1,174,688
Total liabilities, redeemable noncontrolling interest and equity	$7,318,572	$7,796,814

1_Condensed Consolidated Balanc

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)
In Thousands, except Share data	Sep. 27, 2009	Dec. 28, 2008
Current assets
Allowance for doubtful receivables	$55,046	$59,008
Gannett Co., Inc. shareholders' equity
Preferred stock, par value	1	1
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	1	1
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	324,418,632	324,418,632
Treasury stock, shares	88,181,924	96,295,239

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Loss) (Unaudited) (USD $)
In Thousands, unless otherwise specified	3 Months Ended Sep. 27, 2009	3 Months Ended Sep. 28, 2008	9 Months Ended Sep. 27, 2009	9 Months Ended Sep. 28, 2008
Net Operating Revenues:
Publishing advertising	$699,644	$977,111	$2,175,478	$3,182,194
Publishing circulation	284,259	298,978	876,699	914,150
Digital	142,955	77,594	428,469	111,495
Broadcasting	151,458	197,000	447,914	559,748
All other	58,267	86,627	199,094	264,581
Total	1,336,583	1,637,310	4,127,654	5,032,168
Operating Expenses:
Cost of sales and operating expenses, exclusive of depreciation	796,984	985,004	2,503,300	2,960,042
Selling, general and administrative expenses, exclusive of depreciation	284,111	328,320	886,593	922,755
Depreciation	50,901	57,682	160,435	172,393
Amortization of intangible assets	8,378	7,123	24,775	21,838
Facility consolidation and asset impairment charges	39,248	0	86,639	2,501,874
Total	1,179,622	1,378,129	3,661,742	6,578,902
Operating income (loss)	156,961	259,181	465,912	(1,546,734)
Non-operating (expense) income:
Equity income (loss) in unconsolidated investees, net	(373)	5,711	(223)	(258,837)
Interest expense	(38,065)	(46,802)	(130,949)	(139,308)
Other non-operating items	3,570	(2,192)	22,609	27,342
Total	(34,868)	(43,283)	(108,563)	(370,803)
Income (loss) before income taxes	122,093	215,898	357,349	(1,917,537)
Provision for income taxes	36,900	56,700	116,100	22,200
Net income (loss)	85,193	159,198	241,249	(1,939,737)
Net income attributable to noncontrolling interest	(11,441)	(1,141)	(19,581)	(1,184)
Net income (loss) attributable to Gannett Co., Inc.	$73,752	$158,057	$221,668	($1,940,921)
Earnings (loss) per share - basic	0.31	0.69	0.95	-8.49
Earnings (loss) per share - diluted	0.31	0.69	0.94	-8.49
Dividends per share	0.04	0.4	0.12	1.2

2_Condensed Consolidated Statem

Condensed Consolidated Statements of Income Percentage Increase (Decrease) (Unaudited) (USD $)
	3 Months Ended Sep. 27, 2009	9 Months Ended Sep. 27, 2009
Net Operating Revenues:
Publishing advertising	-28.4	-31.6
Publishing circulation	-4.9	-4.1
Digital	84.2	284.3
Broadcasting	-23.1	(20)
All other	-32.7	-24.8
Total	-18.4	(18)
Operating Expenses:
Cost of sales and operating expenses, exclusive of depreciation	-19.1	-15.4
Selling, general and administrative expenses, exclusive of depreciation	-13.5	-3.9
Depreciation	-11.8	-6.9
Amortization of intangible assets	17.6	13.4
Facility consolidation and asset impairment charges	100	-96.5
Total	-14.4	-44.3
Operating income (loss)	-39.4	-130.1
Non-operating (expense) income:
Equity income (loss) in unconsolidated investees, net	-106.5	-99.9
Interest expense	-18.7	(6)
Other non-operating items	-262.9	-17.3
Total	-19.4	-70.7
Income (loss) before income taxes	-43.4	-118.6
Provision for income taxes	-34.9	423
Net income (loss)	-46.5	-112.4
Net income attributable to noncontrolling interest	902.7	1553.8
Net income (loss) attributable to Gannett Co., Inc.	-53.3	-111.4
Earnings (loss) per share - basic	-55.1	-111.2
Earnings (loss) per share - diluted	-55.1	-111.1
Dividends per share	(90)	(90)

3_Condensed Consolidated Statem

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands	9 Months Ended Sep. 27, 2009	9 Months Ended Sep. 28, 2008
Cash flows from operating activities:
Net income (loss)	$241,249	($1,939,737)
Adjustments to reconcile net income (loss) to operating cash flows:
Debt exchange gain	(42,746)	0
Depreciation and amortization	185,210	194,231
Facility consolidation and asset impairment charges	114,674	2,501,874
Provision (benefit) for deferred income taxes	45,700	(198,300)
Pension expense, net of pension contributions	(14,289)	(46,851)
Equity loss in unconsolidated investees, net	223	258,837
Stock-based compensation	56,609	17,139
Change in other assets and liabilities, net	31,204	(12,807)
Net cash flow from operating activities	617,834	774,386
Cash flows from investing activities:
Purchase of property, plant and equipment	(45,752)	(103,979)
Payments for acquisitions, net of cash acquired	(6,698)	(137,157)
Payments for investments	(8,274)	(41,290)
Proceeds from investments	15,404	23,518
Proceeds from sale of assets	22,156	69,494
Net cash used for investing activities	(23,164)	(189,414)
Cash flows from financing activities
Proceeds from borrowings under revolving credit agreements	169,000	696,000
Payments of unsecured fixed rate notes	0	(1,500,000)
(Payments of) proceeds from unsecured floating rate notes	(630,501)	280,000
Proceeds from unsecured promissory notes	0	333,981
Dividends paid	(109,886)	(275,466)
Cost of common shares repurchased	0	(72,764)
Distributions to noncontrolling interest shareholders	0	(200)
Net cash used for financing activities	(571,387)	(538,449)
Effect of currency exchange rate change	1,537	(995)
Net increase in cash and cash equivalents	24,820	45,528
Balance of cash and cash equivalents at beginning of period	98,949	77,249
Balance of cash and cash equivalents at end of period	$123,769	$122,777

Basis of presentation

Basis of presentation
	9 Months Ended Sep. 27, 2009 USD / shares
Basis of presentation [Abstract]
Basis of presentation	NOTE 1 Basis of presentation The accompanying unaudited Condensed Consolidated Financial Statements of Gannett Co., Inc. (the Company) have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes, which are normally included in the Form 10-K and annual report to shareholders. The financial statements covering the thirteen week and year-to-date periods ended September27, 2009, and the comparable periods of 2008, reflect all adjustments which, in the opinion of the Company, are necessary for a fair statement of results for the interim periods and reflect all normal and recurring adjustments which are necessary for a fair presentation of the Companys financial position, results of operations and cash flows as of the dates and for the periods presented. The Company has evaluated subsequent events through the time of filing this Form 10-Q on November4, 2009, which is the date that these financial statements have been filed with the Securities and Exchange Commission (SEC). No material subsequent events have occurred since September27, 2009 that required recognition or disclosure in these financial statements, other than the private placement offering described in Note 16. In the third quarter of 2008, the Company began reporting a new digital segment and a separate digital revenues line in its Statements of Income. The digital segment includes CareerBuilder, ShopLocal, ScheduleStar, Planet Discover, PointRoll and Ripple6. Results for CareerBuilder and ShopLocal were initially consolidated in the third quarter of 2008 when the Company acquired ShopLocal and a controlling interest in CareerBuilder. Ripple6 was acquired in November2008. Results for ScheduleStar, Planet Discover and PointRoll, which had been previously included in the publishing segment, have been reclassified to the digital segment for prior periods. The digital segment and the digital revenues line do not include online/digital revenues generated by Web sites that are associated with the Companys publishing and broadcasting operating properties. Such amounts are reflected within these segments and are included as part of publishing advertising revenues and broadcasting revenues in the Statements of Income. The Company adopted Financial Accounting Standards Board (FASB)Statement of Financial Accounting Standards No.160, Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No.51 (SFAS No.160), as subsequently codified in Accounting Standards Codification (ASC)Topic 810, Consolidation, at the beginning of its 2009 fiscal year. SFAS No. 160 changed the accounting and reporting for minority interest, which was renamed noncontrolling interests and generally classified as a component of equity on the Condensed Consolidated Balance Sheet. Gannetts SFAS No.160 adoption resulted in the presentation of a new line Redeemable noncontrolling interest in the mezzanine section of the balance sheet. The balance in this line represents redeemable stock held by a noncontrolling owner in CareerBuilder, LLC (CareerBuilder). The redeemable stock is generally exercisable within 30days after

Recently issued accounting stan

Recently issued accounting standards
	9 Months Ended Sep. 27, 2009 USD / shares
Recently issued accounting standards [Abstract]
Recently issued accounting standards	NOTE 2 Recently issued accounting standards In June2009, the FASB issued SFAS No.168, The FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principlesa replacement of FASB Statement No.162. This standard establishes only two levels of U.S. generally accepted accounting principles (GAAP), authoritative and nonauthoritative. The FASB Accounting Standards Codification (the Codification) became the source of authoritative, nongovernmental GAAP, except for rules and interpretive releases of the SEC, which are sources of authoritative GAAP for SEC registrants. All other nongrandfathered, non-SEC accounting literature not included in the Codification became nonauthoritative. This standard is effective for financial statements for interim or annual reporting periods ending after September15, 2009. The Company began using the new guidelines and numbering system prescribed by the Codification when referring to GAAP in the third quarter of 2009. As the Codification was not intended to change or alter existing GAAP, it did not have any impact on the Companys consolidated financial statements. In May2009, the FASB issued Statement of Financial Accounting Standards No.165, Subsequent Events (SFAS No.165), as subsequently codified in ASC Topic 855, Subsequent Events. This standard is intended to establish general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. Specifically, this standard sets forth the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements, and the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. The Company began applying the provisions of SFAS No.165 in the second quarter of 2009 and its adoption did not affect the Companys financial statements, other than the disclosures required by it, which can be found in Note 1. In April2009, the FASB issued FASB Staff Position FAS 107-1 and APB 28-1, Interim Disclosures about Fair Value of Financial Instruments (FSP FAS 107-1 and APB 28-1), which amends the interim disclosure requirements in scope for SFAS No.107, Disclosures about Fair Value of Financial Instruments. Both have been subsequently codified in ASC Topic 825, Financial Instruments. This FASB Staff Position is effective for interim and annual periods ending after June15, 2009. The Company began applying the provisions of FSP FAS 107-1 and APB 28-1 in the second quarter of 2009 and its adoption did not affect the Companys financial statements, other than the disclosures required by it, which can be found in Note 11. In April2009, the FASB issued FSP FAS No.115-2 and 124-2, Recognition and Presentation of Other-Than-Temporary Impairments (FSP FAS 115-2 and 124-2), as subsequently codified in ASC Topic 320, Invest

Facility consolidation and asse

Facility consolidation and asset impairment charges
	9 Months Ended Sep. 27, 2009 USD / shares
Facility consolidation and asset impairment charges [Abstract]
Facility consolidation and asset impairment charges	NOTE 3 Facility consolidation and asset impairment charges Very difficult business conditions required the Company to perform impairment tests on certain assets including goodwill, other intangible assets, other long lived assets and investments accounted for under the equity method during 2009 and 2008. As a result, the Company has recorded non-cash impairment charges to reduce the book value of certain of those assets. In addition, an impairment charge was taken to reduce the value of certain publishing assets held for sale to fair value less costs to sell. A summary of these charges is presented below: Per Diluted Share Pre Tax Amount (a) After Tax Amount (a) Amount (a) Thirteen Weeks Ended Thirteen Weeks Ended Thirteen Weeks Ended Sept. 27, Sept. 28, Sept. 27, Sept. 28, Sept. 27, Sept. 28, (in millions, except per share amounts) 2009 2008 2009 2008 2009 2008 Facility consolidation and asset impairment charges Property, plant and equipment: Publishing $ 31 $ $ 20 $ $ 0.08 $ Broadcasting 3 2 0.01 Total property, plant and equipment 35 22 0.09 Other: Publishing 1 Broadcasting 4 2 0.01 Total other 4 3 0.01 Total facility consolidation and asset impairment charges 39 24 0.10 Equity method investment 5 4 0.02 Total charges $ 45 $ $ 29 $ $ 0.12 $ (a) Total amounts may not sum due to rounding. Per Diluted Share Pre Tax Amount (a) After Tax Amount (a) Amount (a) Thirty-nine Weeks Ended Thirty-nine Weeks Ended Thirty-nine Weeks Ended Sept. 27, Sept. 28, Sept. 27, Sept. 28, Sept. 27, Sept. 28, (in millions, except per share amounts) 2009 2008 2009 2008 2009 2008 Facility consolidation and asset impairment charges Publishing goodwill: $ 17 $ 2,138 $ 10 $ 2,138 $ 0.04 $ 9.36 Publishing other intangible assets: 176 113 0.50 Property, plant and equipment: Publishing 56 185 35 115 0.15 0.50 Broadcasting 3 2 2 1 0.01 Corporate 1 1

Acquisitions

Acquisitions
	9 Months Ended Sep. 27, 2009 USD / shares
Acquisitions [Abstract]
Acquisitions	NOTE 4 Acquisitions On June30, 2008, the Company acquired from Tribune Company and The McClatchy Company their minority ownership interests in ShopLocal LLC, a leading marketing and database services company for major retailers in the U.S. The Company now owns 100% of ShopLocal and began consolidating its results at the beginning of the third quarter of 2008. The acquisition enables ShopLocal to collaborate with another Gannett company, PointRoll, to create ads that dynamically connect retail advertisers and consumers, online and in clients stores. Consequently, ShopLocals operations turned profitable in the third quarter of 2008. On September3, 2008, the Company acquired an additional 10% stake in CareerBuilder from Tribune Company increasing its investment to 50.8% so that it is now the majority and controlling owner. Beginning in September2008, the operations of CareerBuilder have been consolidated and are reported in the digital segment. The related noncontrolling interest charge for CareerBuilder is reflected in Net income attributable to noncontrolling interest in the Statement of Income.

Goodwill and other intangible a

Goodwill and other intangible assets
	9 Months Ended Sep. 27, 2009 USD / shares
Goodwill and other intangible assets [Abstract]
Goodwill and other intangible assets	NOTE 5 Goodwill and other intangible assets The following table displays goodwill, indefinite-lived intangible assets, and amortizable intangible assets at September27, 2009 and December28, 2008. September 27, 2009 December 28, 2008 Accumulated Accumulated (in thousands of dollars) Gross Amortization Gross Amortization Goodwill $ 2,868,665 $ 2,872,888 Indefinite-lived intangibles: Mastheads and trade names 111,615 104,512 Television station FCC licenses 255,304 255,304 Amortizable intangible assets: Customer relationships 316,918 136,635 298,566 116,803 Other 58,329 23,595 59,777 18,665 Amortization expense was $8.4million in the quarter ended September27, 2009 and $24.8 million year-to-date. For the third quarter and year-to-date of 2008, amortization expense was $7.1 and $21.8million respectively. Customer relationships, which include subscriber lists and advertiser relationships, are amortized on a straight-line basis over eight to 25years. Other intangibles primarily include commercial printing relationships, internally developed technology, partner relationships, patents and amortizable trade names. These assets were assigned lives of between four and 21years and are amortized on a straight-line basis. (in thousands of dollars) Goodwill Publishing Digital Broadcasting Total Balance at December28, 2008 $ 594,328 $ 660,593 $ 1,617,967 $ 2,872,888 Acquisitions and adjustments 1,533 (4,552 ) (3,019 ) Dispositions (6,039 ) (6,039 ) Impairment (17,000 ) (17,000 ) Foreign currency exchange rate changes 17,766 3,732 337 21,835 Balance at September27, 2009 $ 590,588 $ 659,773 $ 1,618,304 2,868,665

Long term debt

Long term debt
	9 Months Ended Sep. 27, 2009 USD / shares
Long-term debt [Abstract]
Long-term debt	NOTE 6 Long-term debt The long-term debt of the Company is summarized below: In thousands of dollars Sept. 27, 2009 Dec. 28, 2008 Unsecured floating rate notes paid May2009 $ $ 632,205 Unsecured notes bearing fixed rate interest at 5.75% due June2011 432,511 498,464 Unsecured floating rate term loan due July2011 280,000 280,000 Borrowings under revolving credit agreements expiring March2012 2,076,000 1,907,000 Unsecured notes bearing fixed rate interest at 6.375% due April 2012 306,226 499,269 Unsecured notes bearing fixed rate interest at 10% due June2015 56,382 Unsecured notes bearing fixed rate interest at 10% due April2016 161,733 Other indebtedness 4 4 Total long-term debt $ 3,312,856 $ 3,816,942 In connection with each of its three revolving credit agreements and its term loan agreement, the Company agreed to provide guarantees from its domestic wholly-owned subsidiaries in the event that the Companys credit ratings from either Moodys or SP fell below investment grade. In the first quarter of 2009, the Companys credit rating was downgraded below investment grade by both SP and Moodys. Accordingly, the guarantees were triggered and the existing notes and other unsecured debt of the Company became structurally subordinated to the revolving credit agreements and the term loan. On September25, 2009, the Company further amended the terms of its three revolving credit agreements and its term loan agreement to provide for the issuance of up to $500million of additional long-term debt carrying the same guarantees put in place for the revolving credit agreements and term loan. In addition, the Company also amended one of the credit agreements to permit it to obtain up to $100million of letters of credit from the lenders, which would count toward their commitments. On August21, 2009, Moodys confirmed the Companys Ba1 corporate family rating and its Ba2 senior unsecured note rating which had been placed under review for a possible downgrade in April. In addition, Moodys rated the Companys bank debt, which includes its revolving credit agreements and term loan, Baa3. The Baa3 rating also applies to any long-term debt which has the same subsidiary guarantees as the bank debt. The Companys debt is rated BB by Standard and Poors. During the first quarter of 2009, the Company repurchased $68.8million in principal amount of the floating rate notes in privately negotiated transactions. In connection with these transactions, the Company recorded a gain of approximately $1.1million which is classified in Other non-operating items in the Statement of Income for the first quarter. This gain is net of $0.6million reclassified from accumulated other comprehensive loss for related interest swap agreements in the first quarter. On May5, 2009, the Company completed a private exchange offer relating to its 5.75% fixed rate notes due June2011 and its 6.375% fixed rate notes due April2012. The Company exchanged approximately $67million in principal amount of new 10% senior no

Retirement plans

Retirement plans
	9 Months Ended Sep. 27, 2009 USD / shares
Retirement plans [Abstract]
Retirement plans	NOTE 7 Retirement plans The Company and its subsidiaries have various retirement plans, including plans established under collective bargaining agreements, under which most full-time employees are covered. The Gannett Retirement Plan (GRP)is the Companys principal retirement plan and covers most U.S. employees of the Company and its subsidiaries. The Companys pension costs, which include costs for qualified, nonqualified and union plans are presented in the following table: Thirteen Weeks Ended Thirty-nine Weeks Ended Sept. 27, Sept. 28, Sept. 27, Sept. 28, (in millions of dollars) 2009 2008 2009 2008 Service cost-benefits earned during the period $ 2.8 $ 12.8 $ 11.0 $ 56.0 Interest cost on benefit obligation 42.8 52.8 132.5 159.5 Expected return on plan assets (40.8 ) (67.1 ) (127.1 ) (206.1 ) Amortization of prior service cost (credit) 0.6 (0.7 ) 1.7 (9.7 ) Amortization of actuarial loss 11.6 3.4 35.8 18.9 Pension expense for Company-sponsored retirement plans 17.0 1.2 53.9 18.6 Special termination charge 4.2 4.2 Curtailment gain (46.5 ) Settlement gain (39.8 ) Union and other pension cost 1.3 1.8 3.8 5.4 Pension (benefit)cost $ 18.3 $ 7.2 $ 17.9 $ (18.3 ) During the first quarter of 2009, the Company reached an agreement with one of its unions for a complete withdrawal from the unions underfunded pension plan and release from any future obligations with respect thereto. Under the agreement, the Company made a settlement payment of $7.3million in May2009 and will make a payment of $7.7million in May2010. As a result of this agreement, the Company recognized a pre-tax pension settlement gain of $39.8million in the first quarter of 2009. As a result of amendments in June2008 to freeze most benefit accruals in the GRP and the Gannett Supplemental Retirement Plan, the Company recognized a net pre tax pension curtailment gain of $46.5million in the second quarter of 2008 in accordance with the Defined Benefit Plans-Pension subtopic of Topic 715, Compensation-Retirement Benefits.

Postretirement benefits other t

Postretirement benefits other than pension
	9 Months Ended Sep. 27, 2009 USD / shares
Postretirement benefits other than pension [Abstract]
Postretirement benefits other than pension	NOTE 8 Postretirement benefits other than pension The Company provides health care and life insurance benefits to certain retired employees who meet age and service requirements. Most of the Companys retirees contribute to the cost of these benefits and retiree contributions are increased as actual benefit costs increase. The Companys policy is to fund benefits as claims and premiums are paid. Postretirement benefit costs for health care and life insurance are presented in the following table: Thirteen Weeks Ended Thirty-nine Weeks Ended Sept. 27, Sept. 28, Sept. 27, Sept. 28, (in millions of dollars) 2009 2008 2009 2008 Service cost-benefits earned during the period $ 0.4 $ 0.4 $ 1.2 $ 1.4 Interest cost on net benefit obligation 3.5 3.5 10.5 10.5 Amortization of prior service credit (3.9 ) (3.8 ) (11.7 ) (11.6 ) Amortization of actuarial loss 1.4 1.1 4.2 3.5 Special termination charge 1.3 1.3 Net periodic postretirement benefit cost $ 1.4 $ 2.5 $ 4.2 $ 5.1

Income taxes

Income taxes
	9 Months Ended Sep. 27, 2009 USD / shares
Income taxes [Abstract]
Income taxes	NOTE 9 Income taxes The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was approximately $116.3million as of December28, 2008 and $107.6million as of the end of the third quarter of 2009. This amount reflects the federal tax benefit of state tax deductions. Excluding the federal tax benefit of state tax deductions, the total amount of unrecognized tax benefits as of December28, 2008 was $182million and as of September27, 2009 was $169.8million. The $12.2million decrease reflects a reduction for prior year tax positions, a reduction for lapses of statutes of limitations, and additions in the current year. The reduction for prior year tax positions was primarily related to favorable settlements with tax authorities and currency exchange rate fluctuations. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense. The Company also recognizes interest income attributable to overpayment of income taxes as a component of income tax expense. The Company recognized interest and penalty expense (income)of $1.3million and $(1.8) million during the third quarter of 2009 and 2008, respectively, and $(1.0) million and $10.2million for the year-to-date 2009 and 2008 periods, respectively. The amount of net accrued interest and penalties related to uncertain tax benefits as of December28, 2008 was approximately $72.6million and as of September27, 2009, was approximately $70.3million. The Company files income tax returns in the U.S. and various state and foreign jurisdictions. The 2005 through 2008 tax years remain subject to examination by the IRS. The 2005 through 2008 tax years generally remain subject to examination by state authorities, and the years 2003-2008 are subject to examination in the UK. In addition, tax years prior to 2005 remain subject to examination by certain states primarily due to the filing of amended tax returns upon settlement of the IRS examination for these years and due to ongoing audits. It is reasonably possible that the amount of unrecognized benefits with respect to certain of the Companys unrecognized tax positions will significantly increase or decrease within the next 12 months. These changes may be the result of settlement of ongoing audits, lapses of statutes of limitations or other regulatory developments. At this time, the Company estimates that the amount of its gross unrecognized tax positions may decrease by up to approximately $41million within the next 12months.

Supplemental shareholders equit

Supplemental shareholders equity information
	9 Months Ended Sep. 27, 2009 USD / shares
Supplemental shareholders' equity information [Abstract]
Supplemental shareholders' equity information	NOTE 10 Supplemental shareholders equity information The following table summarizes the shareholders equity for the 39weeks ended September27, 2009 and September28, 2008. The redeemable noncontrolling interest accretion relates to redeemable stock held by a noncontrolling owner of CareerBuilder that provides a fixed return on the noncontrolling owners investment. Gannett Co., Inc. Shareholders Noncontrolling (in thousands of dollars) Equity Interest Total Equity Balance at Dec. 28, 2008 $ 1,055,882 $ 118,806 $ 1,174,688 Comprehensive income: Net income 221,668 19,581 241,249 Less: Redeemable noncontrolling interest accretion (income not available to shareholders) (4,052 ) (4,052 ) Other comprehensive income 65,852 3,118 68,970 Dividends declared (27,944 ) (27,944 ) Stock-based compensation 56,609 56,609 Other activity 6,514 6,514 Balance at September27, 2009 $ 1,378,581 $ 137,453 $ 1,516,034 Gannett Co., Inc. Shareholders Noncontrolling (in thousands of dollars) Equity Interest Total Equity Balance at Dec. 30, 2007 $ 9,017,159 $ 340 $ 9,017,499 Comprehensive income: Net income (loss) (1,940,921 ) 1,184 (1,939,737 ) Less: Redeemable noncontrolling interest accretion (income not available to shareholders) (427 ) (427 ) Other comprehensive loss (141,154 ) (141,154 ) Dividends declared (273,677 ) (273,677 ) Treasury stock acquired (72,764 ) (72,764 ) Stock-based compensation 17,139 17,139 Acquisitions 145,402 145,402 Other activity 223 (584 ) (361 ) Balance at September28, 2008 $ 6,606,005 $ 145,915 $ 6,751,920 The table below presents the components of comprehensive income (loss)for the third quarter and year-to-date periods of 2009 and 2008. Other comprehensive income (loss)consists primarily of foreign currency translation, pension liability adjustments and interest rate swap mark-to-market adjustments. Thirteen Weeks Ended Thirty-nine Weeks Ended Sept. 27, Sept. 28, Sept. 27, Sept. 28, (in thousands of dollars) 2009 2008 2009 2008 Net income (loss) $ 85,193 $ 159,198 $ 241,249 $ (1,939,737 ) Less: Redeemable noncontrolling interest accretion (income not available to shareholders) (1,411 ) (427 ) (4,052 ) (427 ) Other comprehensive income (loss) Foreign currency translation adjustment (16,202 ) (110,101 ) 58,909 (142,799 ) Other 5,639 1,427 10,061 1,645 Total other comprehensive income (loss) (10,563 ) (108,674 )

Fair value measurement

Fair value measurement
	9 Months Ended Sep. 27, 2009 USD / shares
Fair value measurement [Abstract]
Fair value measurement	NOTE 11 Fair value measurement The Company measures and records in the accompanying condensed consolidated financial statements certain assets at fair value. ASC Topic 820, Fair Value Measurements and Disclosures, establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the companys own assumptions (unobservable inputs). The hierarchy consists of three levels: Level 1 Quoted market prices in active markets for identical assets or liabilities; Level 2 Inputs other than Level 1 inputs that are either directly or indirectly observable; and Level 3 Unobservable inputs developed using estimates and assumptions developed by the company, which reflect those that a market participant would use. The following table summarizes the financial instruments measured at fair value in the accompanying condensed consolidated balance sheet as of September27, 2009 (in thousands): Fair Value Measurements as of September 27, 2009 Level 1 Level 2 Level 3 Total Employee compensation related investments $ 32,858 $ $ $ 32,858 Sundry investments 23,733 26,492 50,225 The level 3 sundry investments are financial instruments held by CareerBuilder. At December 28, 2008, such instruments had a carrying value of $27.5million. For the year-to-date period ended September27, 2009, the Company sold some of these instruments receiving proceeds of $1.2 million and recording a gain of $0.2million. The Company utilized a probability-weighted discounted cash flow technique to determine the fair value of its level 3 financial instruments. The main assumptions used in the fair value calculation were the estimated coupon rate associated with the securities and the discount rate (determined based on market yields of similar taxable obligations). The fair value of the Companys total long-term debt, determined based on estimated market prices for similar debt with the same remaining maturities and similar terms, totaled $2.9billion at September27, 2009. As described in Note 6, the Company recognized the new debt resulting from the May2009 private exchange offer at fair value in accordance with the modifications and extinguishments requirements of ASC Topic 470, Debt. Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). During the thirteen weeks ended June28, 2009, certain publishing goodwill was written down to implied fair value. In addition, long-lived assets held and used were written down to fair value in that period as well as during the thirteen weeks ended September27, 2009. The valuation techniques utilized to measure fair value are discussed in Note 3 above. The following table summarizes the nonfinancial assets measured at fair value on a nonrecurring basis in the accompanying condensed consolidated balance shee

Business segment information

Business segment information
	9 Months Ended Sep. 27, 2009 USD / shares
Business segment information [Abstract]
Business segment information	NOTE 12 Business segment information The Company has determined that its reportable segments based on its management and internal reporting structures are publishing, digital, and broadcasting. Publishing is the largest component of the Companys business and includes U.S. Community Publishing, Newsquest operations in the UK and the USA TODAY group. The digital segment was established beginning with the third quarter of 2008 and includes CareerBuilder, ShopLocal, ScheduleStar, Planet Discover, PointRoll and Ripple6 (See Note 1). Results for PointRoll, Planet Discover and ScheduleStar for periods prior to the third quarter of 2008 have been reclassified from the publishing segment to the digital segment. Broadcasting includes the Companys 23 television stations and Captivate. Thirteen Weeks Ended September 27, September 28, % Inc (unaudited, in thousands of dollars) 2009 2008 (Dec) Net Operating Revenues: Publishing $ 1,042,170 $ 1,362,716 (23.5 ) Digital 142,955 77,594 84.2 Broadcasting 151,458 197,000 (23.1 ) Total $ 1,336,583 $ 1,637,310 (18.4 ) Operating Income (net of depreciation, amortization and facility consolidation and asset impairment charges): Publishing $ 102,468 $ 183,432 (44.1 ) Digital 24,646 6,136 *** Broadcasting 43,026 83,957 (48.8 ) Corporate (13,179 ) (14,344 ) (8.1 ) Total $ 156,961 $ 259,181 (39.4 ) Depreciation, amortization and facility consolidation and asset impairment charges: Publishing $ 70,486 $ 48,224 46.2 Digital 8,604 4,094 *** Broadcasting 15,475 8,513 81.8 Corporate 3,962 3,974 (0.3 ) Total $ 98,527 $ 64,805 52.0 Thirty-nine Weeks Ended September 27, September 28, % Inc 2009 2008 (Dec) Net Operating Revenues: Publishing $ 3,251,271 $ 4,360,925 (25.4 ) Digital 428,469 111,495 *** Broadcasting 447,914 559,748 (20.0 ) Total $ 4,127,654 $ 5,032,168 (18.0 ) Operating Income (net of depreciation, amortization and facility consolidation and asset impairment charges): Publishing $ 328,080 $ (1,737,470 ) *** Digital 41,852 9,784 *** Broadcasting 137,405 220,996 (37.8 ) Corporate (41,425 ) (40,044 ) 3.4 Total $ 465,912 $ (1,546,734 ) *** Depreciation, amortization and facility consolidation asset impairment charges: Publishing $ 199,505 $ 2,648,943 (92.5 ) Digital 26,534 6,876 ***

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities
	9 Months Ended Sep. 27, 2009 USD / shares
Derivative Instruments and Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	NOTE 13 Derivative Instruments and Hedging Activities In August2007, the Company entered into three interest rate swap agreements totaling a notional amount of $750million in order to mitigate the volatility of interest rates. These agreements effectively fixed the interest rate on the $750million in floating rate notes due May 2009 at 5.0125%. These instruments were designated as cash flow hedges in accordance with ASC Topic 815, Derivatives and Hedging, and changes in fair value are recorded through accumulated other comprehensive loss with a corresponding adjustment to liabilities. As a result of the strategic redemptions of part of the floating rate notes during the fourth quarter of 2008 and first quarter of 2009, the cash flow hedging treatment was discontinued for interest rate swaps associated with approximately $186.6million of notional value on the retired floating rate notes. Amounts recorded in accumulated other comprehensive loss related to the discontinued cash flow hedges were reclassified into earnings and subsequent changes were recorded through earnings. The interest rate swap agreements expired concurrent with the maturity of the floating rate notes in May2009. Year-to-date 2009 expense associated with the derivatives designated as hedges under ASC Topic 815, which is classified as Interest expense on the Companys Condensed Consolidated Income Statement, was $7.7million. Year-to-date 2009 expense associated with the derivatives not designated as hedges under ASC Topic 815, which is classified as Other non-operating items on the Companys Condensed Consolidated Income Statement, was $0.6million.

Earnings

Earnings (loss) per share
	9 Months Ended Sep. 27, 2009 USD / shares
Earnings (loss) per share [Abstract]
Earnings (loss) per share	NOTE 14 Earnings (loss)per share The Companys earnings (loss)per share (basic and diluted) are presented below: Thirteen Weeks Ended Thirty-nine Weeks Ended Sept. 27, Sept. 28, Sept. 27, Sept. 28, (in thousands except per share amounts) 2009 2008 2009 2008 Net income (loss)attributable to Gannett Co., Inc. $ 73,752 $ 158,057 $ 221,668 $ (1,940,921 ) Weighted average number of common shares outstanding basic 235,379 227,920 232,769 228,488 Effect of dilutive securities Stock options 2,202 196 1,011 Restricted stock 1,234 215 1,057 Weighted average number of common shares outstanding diluted 238,815 228,331 234,837 228,488 Earnings (loss)per share Basic $ 0.31 $ 0.69 $ 0.95 $ (8.49 ) Earnings (loss)per share Diluted $ 0.31 $ 0.69 $ 0.94 $ (8.49 )

Litigation

Litigation
	9 Months Ended Sep. 27, 2009 USD / shares
Litigation [Abstract]
Litigation	NOTE 15 Litigation The Company and a number of its subsidiaries are defendants in judicial and administrative proceedings involving matters incidental to their business. The Companys management does not believe that any material liability will be imposed as a result of these matters.

Subsequent Event

Subsequent Event
	9 Months Ended Sep. 27, 2009 USD / shares
Subsequent Event [Abstract]
Subsequent Event	NOTE 16 Subsequent Event On October2, 2009, the Company completed a private placement offering of $250million in aggregate principal amount of 8.750% senior notes due 2014 and $250million in aggregate principal amount of 9.375% senior notes due 2017. The 2014 notes were priced at 98.465% of face value, resulting in a yield to maturity of 9.l25%. The 2017 notes were priced at 98.582% of face value, resulting in a yield to maturity of 9.625%. The 2014 notes and the 2017 notes (together, the New Notes) were made available in a private offering that is exempt from the registration requirements of the Securities Act. The New Notes are guaranteed on a senior basis by the subsidiaries of the Company that guarantee its revolving credit facilities and term loan. The Company used the net proceeds from the offering to partially repay borrowings outstanding under its revolving credit facilities and term loan. The issuance of the New Notes triggered a required reduction in the aggregate size of the Companys three revolving credit agreements by $397million to a new total of $2.75billion which otherwise would have been reduced on December31, 2009. The New Notes and the subsidiary guarantees have not been and will not be registered under the Securities Act, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.