Gannett Comments on Proposal from MNG Enterprises Inc.

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No Action Needs to Be Taken by Gannett Shareholders At This Time

MCLEAN, Va.–(BUSINESS WIRE)–Gannett (NYSE: GCI) (“Gannett” or “the company”) today confirmed that it
has received an unsolicited proposal from MNG Enterprises Inc. to
acquire Gannett for $12 per share in cash. Gannett’s stock closed at
$9.75 on Friday, January 11, 2019.

Consistent with its fiduciary duties and in consultation with its
financial and legal advisors, the Gannett board of directors will
carefully review the proposal received to determine the course of action
that it believes is in the best interest of the company and Gannett
shareholders. No action needs to be taken by Gannett shareholders at
this point.

Forward-Looking Statements

This press release contains certain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include all statements that are not
historical facts. The words “believe,” “expect,” “estimate,” “could,”
“should,” “intend,” “may,” “plan,” “seek,” “anticipate,” “project” and
similar expressions, among others, generally identify forward-looking
statements, which speak only as of the date the statements were made and
are not guarantees of future performance. Where, in any forward-looking
statement, an expectation or belief as to future results or events is
expressed, such expectation or belief is based on the current plans and
expectations of our management and expressed in good faith and believed
to have a reasonable basis, but there can be no assurance that the
expectation or belief will result or be achieved or accomplished.
Whether or not any such forward-looking statements are in fact achieved
will depend on future events, some of which are beyond our control. The
matters discussed in these forward-looking statements are subject to a
number of risks, trends, uncertainties and other factors that could
cause actual results or events to differ materially from those
projected, anticipated or implied in the forward-looking statements,
including the matters described under the heading “Risk Factors” and
Management’s Discussion and Analysis of Financial Condition and Results
of Operations” in the company’s annual report on Form 10-K for fiscal
year 2017 and in the company’s other SEC filings.

About Gannett

Gannett Co., Inc. (NYSE: GCI) is an innovative, digitally focused
media and marketing solutions company committed to strengthening
communities across our network. With an unmatched local-to-national
reach, Gannett touches the lives of more than 125 million people monthly
with our Pulitzer-Prize winning content, consumer experiences and
benefits, and advertiser products and services. Gannett brands include
USA TODAY NETWORK with the iconic USA TODAY and more than 100 local
media brands, digital marketing services companies ReachLocal,
WordStream and SweetIQ, and U.K. media company Newsquest. To connect
with us, visit


For investor inquiries:
Stacy Cunningham
President, Financial Analysis and Investor Relations

For media inquiries:
Amber Allman
Vice President,
Corporate Events & Communications

Ed Trissel / Nick Lamplough / Tim Ragones
Joele Frank, Wilkinson
Brimmer Katcher
(212) 355-4449

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