EXHIBIT 10-2

MASTER ASSIGNMENT AND ASSUMPTION

Reference is made to (i) the Amended and Restated Competitive Advance and
Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March
18, 2002 (the “2002 Credit Agreement”), as amended and restated as of December
13, 2004 and effective as of January 5, 2005, as amended by the First Amendment
thereto, dated as of February 28, 2007 and effective as of March 15, 2007, and
as further amended by the Second Amendment thereto, dated as of October 23, 2008
and effective as of October 31, 2008, and as further amended by the Third
Amendment thereto, dated as of September 28, 2009, and as further amended by the
Fourth Amendment thereto, dated as of August 25, 2010, and as further amended by
the Fifth Amendment thereto, dated as of September 30, 2010, and as amended and
restated by the Amendment and Restatement Agreement thereto, dated as of August
5, 2013 (the “Amendment and Restatement Agreement”), among Gannett, the lenders
thereto, JPMorgan Chase Bank, N.A., as administrative agent, and JPMorgan Chase
Bank, N.A. and Citibank, N.A. as syndication agents, (ii) the Competitive
Advance and Revolving Credit Agreement, dated as of February 27, 2004 and
effective as of March 15, 2004 (the “2004 Credit Agreement”), as amended by the
First Amendment thereto, dated as of February 28, 2007 and effective as of March
15, 2007, and as further amended by the Second Amendment thereto, dated as of
October 23, 2008 and effective as of October 31, 2008, and as further amended by
the Third Amendment thereto, dated as of September 28, 2009, and as further
amended by the Fourth Amendment thereto, dated as of August 25, 2010, and as
further amended by the Fifth Amendment thereto, dated as of September 30, 2010
and as amended and restated by the Amendment and Restatement Agreement thereto,
among Gannett, the lenders thereto, JPMorgan Chase Bank, N.A., as administrative
agent, and JPMorgan Chase Bank, N.A. and Citibank, N.A. as syndication agents,
and (iii) the Competitive Advance and Revolving Credit Agreement, dated as of
December 13, 2004 and effective as of January 5, 2005 (the “2005 Credit
Agreement”), as amended by the First Amendment thereto, dated as of February 28,
2007 and effective as of March 15, 2007, and as further amended by the Second
Amendment thereto, dated as of October 23, 2008 and effective as of October 31,
2008, and as further amended by the Third Amendment thereto, dated as of
September 28, 2009, and as further amended by the Fourth Amendment thereto,
dated as of August 25, 2010, and as further amended by the Fifth Amendment
thereto, dated as of September 30, 2010, and as amended and restated by the
Amendment and Restatement Agreement thereto, among Gannett, the lenders thereto,
JPMorgan Chase Bank, N.A., as administrative agent, and JPMorgan Chase Bank,
N.A. and Citibank, N.A. as syndication agents (the Credit Agreements described
in clauses (i), (ii) and (iii) above as amended, supplemented or otherwise
modified on or prior to the date hereof, the “Existing Credit Agreements” and
after the Amendment and Restatement Effective Date (as defined in the Amendment
and Restatement Agreement), the “Amended and Restated Credit Agreement”). Unless
otherwise defined herein, terms defined in the Existing Credit Agreements and
used herein shall have the meanings given to them in the Existing Credit
Agreements.
This Master Assignment and Assumption (the “Assignment and Assumption”) is dated
as of the Amendment and Restatement Effective Date and is entered into by and
between each of the Lenders listed on Schedule 1 (each an “Assignor”;
collectively, the “Assignors”) and each Assignee set forth on Schedule 1 (each
an “Assignee”; collectively, the “Assignees”).

Gannett has notified the Administrative Agent and the Lenders that,
substantially contemporaneously with the effectiveness of the Amendment and
Restatement Agreement, the Five-Year Commitments under the 2002 Credit Agreement
shall be permanently reduced, the Five -Year Commitments under the 2004 Credit
Agreement shall be permanently reduced and the Five-Year Commitments under the
2005 Credit Agreement shall be permanently reduced such that, following such
reductions, the aggregate amount of Five-Year Commitments under the Amended and
Restated Credit Agreement shall be $1,085,000,000.00. The Administrative Agent
and Lenders party hereto hereby waive any notice requirement in respect of such
reduction pursuant to Section 2.4 of the Existing Credit Agreements.

The Assignors and the Assignees hereto agree as follows:

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1.The Assignors hereby irrevocably sell and assign to the Assignees without
recourse to any such Assignor, and the Assignees hereby irrevocably purchase and
assume from the Assignors (in each case, on a ratable basis in accordance with
the amounts of the applicable Assigned Facility (as defined below) to be
purchased and assumed by such Assignee hereunder) without recourse to any such
Assignor, as of the Amendment and Restatement Effective Date, all of the
respective interests of the Assignors (with respect to each Assignee or
Assignor, as applicable, its “Assigned Interest”) in and to the Assignors’
rights and obligations in respect of their Five-Year Commitments under the
Existing Credit Agreements as set forth on Schedule 1 hereto (individually, an
“Assigned Facility”; collectively, the “Assigned Facilities”), in a principal
amount for each Assigned Facility as set forth on Schedule 1 hereto. The parties
hereto hereby agree that on the Amendment and Restatement Effective Date each
Assignor shall receive payment in full from the Assignees and Gannett of all
outstanding principal and accrued interest and fees owing to it except for any
such amounts that will continue to be owing to it as a party to the Amended and
Restated Credit Agreement. Each Assignor shall only be responsible for selling
the assigned amount set forth next to its name set forth on Schedule 1 and no
Assignor shall be liable in any way for the failure of any other Assignor to
sell any amounts to be sold by such other Assignor. Each Assignee shall only be
responsible for purchasing the assigned amount set forth next to its name set
forth on Schedule 1 and no Assignee shall be liable in any way for the failure
of any other Assignee to purchase any amounts to be purchased by such other
Assignee.

2.No Assignor (a) makes any representation or warranty or assumes any
responsibility with respect to any statements, warranties or representations
made in or in connection with the Existing Credit Agreements or with respect to
the execution, legality, validity, enforceability, genuineness, sufficiency or
value of the Existing Credit Agreements, any other Loan Document or any other
instrument or document furnished pursuant thereto, other than that such Assignor
is the legal and beneficial owner of the interest being assigned by it
hereunder, has not created any adverse claim upon the interest being assigned by
it hereunder and that such interest is free and clear of any such adverse claim
or (b) makes any representation or warranty or assumes any responsibility with
respect to the financial condition of Gannett, any of its Affiliates or any
other obligor or the performance or observance by Gannett, any of its Affiliates
or any other obligor of any of their respective obligations under the Existing
Credit Agreements or any other Loan Document or any other instrument or document
furnished pursuant hereto or thereto

3.Each Assignee (a) represents and warrants that it is legally authorized to
enter into this Master Assignment and Assumption; (b) confirms that it has
received copies of the Existing Credit Agreements and the Amended and Restated
Credit Agreement, together with copies of the financial statements delivered
pursuant to Section 5.1 thereof, and such other documents and information as it
has deemed appropriate to make its own credit analysis and decision to enter
into this Master Assignment and Assumption; (c) agrees that it will,
independently and without reliance upon the Assignor, the Administrative Agent
or any Lender and based on such documents and information as it shall deem
appropriate at the time, continue to make its own credit decisions in taking or
not taking action under the Existing Credit Agreements and the Amended and
Restated Credit Agreement, the other Loan Documents or any other instrument or
document furnished pursuant hereto or thereto; (d) appoints and authorizes the
Administrative Agent to take such action as agent on its behalf and to exercise
such powers and discretion under the Existing Credit Agreements and the Amended
and Restated Credit Agreement, the other Loan Documents or any other instrument
or document furnished pursuant hereto or thereto as are delegated to the
Administrative Agent by the terms thereof, together with such powers as are
incidental thereto; and (e) agrees that it will be bound by the provisions of
the Existing Credit Agreements and the Amended and Restated Credit Agreement and
will perform in accordance with their respective terms all the obligations
required to be performed by it as a Lender including, if it is organized under
the laws of a jurisdiction outside the United States, its obligation pursuant to
Section 2.15(d) of the Existing Credit Agreements and the Amended and Restated
Credit Agreement.

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4.The effective date of this Master Assignment and Assumption shall be the
Amendment and Restatement Effective Date. For the avoidance of doubt, each
Assignee shall have consented to the Amended and Restated Credit Agreement (and
the amendments to the Existing Credit Agreements set forth therein) once all
conditions to effectiveness under the Amended and Restated Credit Agreement
(other than receipt by the Administrative Agent of the signatures of the
Assignees) have been satisfied.

5.Following the execution of this Master Assignment and Assumption, it will be
delivered to the Administrative Agent for acceptance by it and recording by the
Administrative Agent pursuant to the Existing Credit Agreements, effective as of
the Amendment and Restatement Effective Date.

6.Upon such acceptance and recording, from and after the Amendment and
Restatement Effective Date, the Administrative Agent shall make all payments in
respect of the applicable Assigned Interest (including payments of principal,
interest, fees and other amounts) to the applicable Assignor for amounts which
have accrued to the Amendment and Restatement Effective Date and to the
applicable Assignee for amounts which have accrued subsequent to the Amendment
and Restatement Effective Date.

7.From and after the Amendment and Restatement Effective Date, (a) each Assignee
shall be a party to the Amended and Restated Credit Agreement to which its
Five-Year Commitments have been assigned hereunder, as applicable, and, to the
extent provided in this Master Assignment and Assumption, have the rights and
obligations of a Lender thereunder and under the other Loan Documents and shall
be bound by the provisions thereof and (b) each Assignor that has assigned all
of its existing Five-Year Commitments, relinquish its rights and be released
from its obligations under the Existing Credit Agreements and the Amended and
Restated Credit Agreement, if any. Each Assignee agrees to promptly execute and
deliver to Gannett and the Administrative Agent a counterpart of the Amended and
Restated Credit Agreement to which it becomes a party hereunder.

8.This Master Assignment and Assumption shall be governed by, and construed in
accordance with, the laws of the State of New York.

IN WITNESS WHEREOF, the parties hereto have caused this Master Assignment and
Assumption to be executed as of the Amendment and Restatement Effective Date by
their respective duly authorized officers.

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Schedule 1
to the Master Assignment and Assumption with respect to
(i) the 2002 Credit Agreement,
(ii) the 2004 Credit Agreement, and
(iii) the 2005 Credit Agreement

Name of Assignor: Each Lender listed as an Assignor in the table below

Assignor
2002 Credit Agreement Commitment
2004 Credit Agreement Commitment
2005 Credit Agreement Commitment
Principal Amount Committed
Principal Amount Assigned
Barclays Bank PLC
$
34,900,000.00

$
53,400,000.00

$
36,700,000.00

$
125,000,000.00

$
(16,500,000
)
Citibank, N.A.
$
48,500,000.00

$
75,800,000.00

$
50,700,000.00

$
175,000,000.00

$
(62,600,000
)
Comerica Bank
$
8,300,000.00

—

$
16,700,000.00

$
25,000,000.00

$
(3,000,000
)
First Hawaiian Bank
$
2,800,000.00

$
7,900,000.00

$
4,200,000.00

$
14,900,000.00

$
(1,600,000
)
JPMorgan Chase Bank, N.A.
$
68,300,000.00

$
48,500,000.00

$
58,200,000.00

$
175,000,000.00

$
(62,600,000
)
Sumitomo Mitsui Banking Corporation
—

$
15,000,000.00

$
10,000,000.00

$
25,000,000.00

$
(3,000,000
)
TOTALS
$
162,800,000.00

$
200,600,000.00

$
176,500,000.00

$ 539,900,00.00

$
(149,300,000
)

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Name of Assignee: Each Lender listed as an Assignee in the table below

Assignee
2002 Credit Agreement Assigned
2004 Credit Agreement Assigned
2005 Credit Agreement Assigned
Principal Amount Committed
Principal Amount Assigned
Fifth Third Bank
$
15,600,000.00

$
25,800,000.00

$
8,600,000.00

$
50,000,000.00

$
17,500,000.00

PNC Bank
—

—

$
75,000,000.00

$
75,000,000.00

$
11,400,000.00

Raymond James Bank, N.A.
—

—

—

—

$
32,000,000.00

SunTrust Bank
$
27,300,000.00

$
52,300,000.00

$
20,400,000.00

$
100,000,000.00

$
8,500,000.00

The Bank of Tokyo-Mitsubishi UFJ, Ltd.
$
25,800,000.00

$
43,300,000.00

$
30,800,000.00

$
99,900,000.00

$
8,600,000.00

The Northern Trust Company
$
20,000,000.00

$
18,800,000.00

$
11,200,000.00

$
50,000,000.00

$
8,000,000.00

U.S. Bank, National Association
$
28,600,000.00

$
53,600,000.00

$
17,900,000.00

$
100,100,000.00

$
8,400,000.00

TOTALS
$
117,300,000.00

$
193,800,000.00

$
163,900,000.00

$
475,000,000.00

$
94,400,000.00

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Post-Assignment Five-Year Commitments: Pursuant to the reduction notice dated
August 1, 2013, Gannett requested a reduction in the Five-Year Commitments of
approximately $54,900,000.00 which is equal to the differential between the
aggregate amounts assigned by the Assignors and the aggregate amounts assigned
by the Assignees as set forth in Schedule 1 hereto.

Post-Reduction Five-Year Commitments: After giving effect to the assignments
contemplated hereby and the subsequent reductions described herein and in the
Amendment and Restatement Agreement, each person listed as a 2018 Extending
Lender in the table below will have the following Five-Year Commitments:

2018 Extending Lender
Principal Amount
Five-Year Commitment
Barclays Bank PLC
$
108,500,000.00

Capital One, N.A.
$
25,000,000.00

Citibank, N.A.
$
112,400,000.00

Comerica Bank
$
22,000,000.00

Fifth Third Bank
$
67,500,000.00

First Hawaiian Bank
$
13,300,000.00

JPMorgan Chase Bank, N.A.
$
112,400,000.00

Mizuho Bank, Ltd.
$
100,000,000.00

PNC Bank
$
86,400,000.00

Raymond James Bank, N.A.
$
32,000,000.00

Sumitomo Mitsui Banking Corporation
$
22,000,000.00

SunTrust Bank
$
108,500,000.00

The Bank of Tokyo-Mitsubishi UFJ, Ltd.
$
108,500,000.00

The Northern Trust Company
$
58,000,000.00

U.S. Bank, National Association
$
108,500,000.00

Totals
$
1,085,000,000.00

 

Amendment and Restatement Effective Date: August 5, 2013

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BARCLAYS BANK PLC, as an Assignor

By: /s/ Noam Azachi
Name: Noam Azachi
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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CITIBANK, N.A., as an Assignor

By: /s/ Michael Vondriska
Name: Michael Vondriska
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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COMERICA BANK, as an Assignor

By: /s/ Timothy O’Rourke
Name: Timothy O’Rourke
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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FIRST HAWAIIAN BANK, as an Assignor

By: /s/ Derek Chang
Name: Derek Chang
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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JPMORGAN CHASE BANK, N.A., as an Assignor

By: /s/ Peter B. Thauer
Name: Peter B. Thauer
Title: Managing Director
    

Amendment and Restatement Effective Date: August 5, 2013    

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SUMITOMO MITSUI BANKING CORPORATION, as an Assignor

By: /s/ David W. Kee
Name: David W. Kee
Title: Managing Director
    

Amendment and Restatement Effective Date: August 5, 2013    

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FIFTH THIRD BANK, as an Assignee

By: /s/ Mary Ramsey
Name: Mary Ramsey
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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PNC BANK, as an Assignee

By: /s/ Nancy R. Bonnell
Name: Nancy Rosal Bonnell
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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RAYMOND JAMES BANK, N.A., as an Assignee

By: /s/ Frank Reyes
Name: Frank Reyes
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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SUNTRUST BANK, as an Assignee

By: /s/ Cynthia W. Burton
Name: Cynthia W. Burton
Title: Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., as an Assignee

By: /s/ Ola Anderssen
Name: Ola Anderssen
Title: Director
    

Amendment and Restatement Effective Date: August 5, 2013    

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THE NORTHERN TRUST COMPANY, as an Assignee

By: /s/ Lisa DeCristofaro
Name: Lisa DeCristofaro
Title: Senior Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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U.S. BANK, NATIONAL ASSOCIATION, as an Assignee

By: /s/ Steven L. Sawyer
Name: Steven L. Sawyer
Title: Senior Vice President
    

Amendment and Restatement Effective Date: August 5, 2013    

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Accepted for Recordation in the Register:

JPMORGAN CHASE BANK, N.A., as
Administrative Agent

By: /s/ Peter B. Thauer
Name: Peter B. Thauer
Title: Managing Director

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Consented by:

GANNETT CO., INC.

By :/s/ Michael A. Hart
Name: Michael A. Hart
Title: Vice President & Treasurer

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Consented by:

JPMORGAN CHASE BANK, N.A., as
Administrative Agent

By :/s/ Peter B. Thauer
Name: Peter B. Thauer
Title: Managing Director

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JPMORGAN CHASE BANK, N.A., as
Issuing Lender

By: /s/ Peter B. Thauer
Name: Peter B. Thauer
Title: Managing Director