Exhibit 10-3

                                GANNETT CO., INC..
                     1978 EXECUTIVE LONG-TERM INCENTIVE PLAN
                                AMENDMENT NO. 11

This amendment to the Gannett Co., Inc. 1978 Executive Long-Term Incentive Plan
(the "Plan") is adopted pursuant to resolutions of the Executive Compensation
Committee of the Board of Directors of the Company on December 5, 2000 and is
effective on that date.

Section 2.4 of the Plan is hereby amended as follows:

        2.4     Term and Exercise of Options

                Unless otherwise determined by the Committee, each Option
                granted under the Plan shall become exercisable with respect
                to 25% of the shares subject thereto on the first anniversary
                of the date of grant thereof, and with respect to an
                additional 25% of such shares on each of the second, third and
                fourth anniversaries of such date of grant. Options may be
                partially exercised from time to time within such percentage
                limitations. Options granted under the Plan shall be
                exercisable during such period or periods as the Committee
                shall determine; provided, however, that no Option shall be
                exercisable more than 10 years after the date of grant
                thereof. Effective with respect to Stock Option grants made on
                or after December 5, 2000, notwithstanding anything in this
                Plan to the contrary, upon a participant's termination of
                employment with Gannett following the participant's (a) death,
                (b) retirement at or after age 65, (c) early retirement at or
                after age 55 but before age 65 or (d) permanent disability, as
                determined under the Gannett Long Term Disability Plan, those
                Stock Options awarded to such participant shall continue to
                vest according to their prescribed vesting schedule during
                such period as they may be exercised under this Plan and the
                applicable grant agreement.

     IN WITNESS WHEREOF, Gannett Co., Inc. has caused this Amendment to be
executed by its duly authorized officer as of December 5, 2000.

                              GANNETT CO., INC..

                              By:/s/ Richard L. Clapp
                                 -----------------------------------------
                                     Richard L. Clapp
                                     Senior Vice President/Human Resources