Document:

EXHIBIT 10.16

 Exhibit 10.16 
  

 COMPETITIVE ADVANCE AND REVOLVING CREDIT AGREEMENT 
  
 among 
  
 GANNETT CO., INC., 
  
 The Several Lenders 
 from Time to Time Parties
Hereto, 
  
 BANK OF AMERICA, N.A., 
 as Administrative Agent, 
  
 JPMORGAN CHASE BANK, N.A., 
 as Syndication
Agent, 
  
 and 
  
 BARCLAYS BANK PLC, 
 as Documentation Agent 
  
 Dated as of December 13, 2004 
 and effective as of January 5, 2005 
  

 BANC OF AMERICA SECURITIES
LLC 
 and 
 J.P. MORGAN SECURITIES
INC., 
 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 
  

					
	 	 	 	  	Page

	 ARTICLE I Definitions
	  	1
			
	 Section 1.1
	 	 Defined Terms
	  	1
	 Section 1.2
	 	 Other Definitional Provisions.
	  	11
		
	 ARTICLE II Amount and Terms of the Facilities
	  	11
			
	 Section 2.1
	 	 Revolving Credit Commitments
	  	11
	 Section 2.2
	 	 Procedure for Revolving Credit Borrowing
	  	12
	 Section 2.3
	 	 Competitive Borrowings.
	  	13
	 Section 2.4
	 	 Termination or Reduction of Commitments
	  	15
	 Section 2.5
	 	 Optional Prepayments
	  	16
	 Section 2.6
	 	 Conversion and Continuation Options
	  	16
	 Section 2.7
	 	 Minimum Amounts of Eurodollar Borrowings
	  	17
	 Section 2.8
	 	 Repayment of Loans; Evidence of Debt
	  	17
	 Section 2.9
	 	 Interest Rates and Payment Dates
	  	17
	 Section 2.10
	 	 Fees
	  	18
	 Section 2.11
	 	 Computation of Interest and Fees
	  	19
	 Section 2.12
	 	 Inability to Determine Interest Rate
	  	19
	 Section 2.13
	 	 Pro Rata Treatment and Payments
	  	19
	 Section 2.14
	 	 Requirements of Law
	  	21
	 Section 2.15
	 	 Taxes
	  	22
	 Section 2.16
	 	 Indemnity
	  	23
	 Section 2.17
	 	 Change of Lending Office
	  	24
	 Section 2.18
	 	 Replacement of Lenders
	  	24
		
	 ARTICLE III Representations and Warranties
	  	25
			
	 Section 3.1
	 	 Organization; Powers
	  	25
	 Section 3.2
	 	 Financial Condition; No Material Adverse Effect
	  	25
	 Section 3.3
	 	 Properties
	  	25
	 Section 3.4
	 	 Litigation
	  	26
	 Section 3.5
	 	 No Conflicts
	  	26
	 Section 3.6
	 	 Taxes
	  	26
	 Section 3.7
	 	 Authorization; Enforceability
	  	26
	 Section 3.8
	 	 Environmental Matters
	  	26
	 Section 3.9
	 	 No Change
	  	26
	 Section 3.10
	 	 Federal Regulations
	  	27
	 Section 3.11
	 	 No Default
	  	27
	 Section 3.12
	 	 Investment Company Act; Federal Regulations
	  	27

  

 ii 

					
	 ARTICLE IV Conditions
	  	27
		
	 ARTICLE V Affirmative Covenants.
	  	28
			
	 Section 5.1
	 	 Financial Statements and Other Information
	  	28
	 Section 5.2
	 	 Payment of Obligations
	  	29
	 Section 5.3
	 	 Books and Records; Inspection Rights
	  	29
	 Section 5.4
	 	 Notices of Material Events
	  	29
	 Section 5.5
	 	 Existence; Conduct of Business
	  	29
	 Section 5.6
	 	 Maintenance of Properties; Insurance
	  	29
	 Section 5.7
	 	 Compliance with Laws
	  	30
	 Section 5.8
	 	 Debt Ratings
	  	30
		
	 ARTICLE VI Negative Covenants
	  	30
			
	 Section 6.1
	 	 Liens
	  	30
	 Section 6.2
	 	 Fundamental Changes
	  	31
	 Section 6.3
	 	 Shareholders’ Equity
	  	31
		
	 ARTICLE VII Events of Default
	  	31
			
	 Section 7.1
	 	 Events of Default
	  	31
	 Section 7.2
	 	 Remedies
	  	32
		
	 ARTICLE VIII The Administrative Agent
	  	33
			
	 Section 8.1
	 	 Appointment
	  	33
	 Section 8.2
	 	 Delegation of Duties
	  	33
	 Section 8.3
	 	 Exculpatory Provisions
	  	33
	 Section 8.4
	 	 Reliance by Administrative Agent
	  	33
	 Section 8.5
	 	 Notice of Default
	  	34
	 Section 8.6
	 	 Non–Reliance on Administrative Agent and Other Lenders
	  	34
	 Section 8.7
	 	 Indemnification
	  	35
	 Section 8.8
	 	 Agent in Its Individual Capacity
	  	35
	 Section 8.9
	 	 Successor Administrative Agent
	  	35
	 Section 8.10
	 	 Syndication Agent and Documentation Agent
	  	36
		
	 ARTICLE IX Miscellaneous
	  	36
			
	 Section 9.1
	 	 Amendments and Waivers
	  	36
	 Section 9.2
	 	 Notices
	  	37
	 Section 9.3
	 	 No Waiver; Cumulative Remedies
	  	38
	 Section 9.4
	 	 Survival of Representations and Warranties
	  	38
	 Section 9.5
	 	 Payment of Expenses and Taxes
	  	38
	 Section 9.6
	 	 Successors and Assigns; Participations and Assignments
	  	39
	 Section 9.7
	 	 Adjustments; Set–off
	  	41
	 Section 9.8
	 	 Counterparts
	  	42
	 Section 9.9
	 	 Severability
	  	42

  

 iii 

  

					
	 Section 9.10
	 	 Integration
	  	42
	 Section 9.11
	 	 GOVERNING LAW
	  	42
	 Section 9.12
	 	 Submission To Jurisdiction; Waivers
	  	43
	 Section 9.13
	 	 Acknowledgements
	  	43
	 Section 9.14
	 	 Confidentiality
	  	43
	 Section 9.15
	 	 USA PATRIOT Act
	  	44

  
  

 iv 

 SCHEDULES 
  

			
	1.1	 	Commitments
	
	EXHIBITS
		
	A	 	Form of Addendum
	B	 	Form of Assignment and Acceptance
	C-1	 	Form of Competitive Bid Request
	C-2	 	Form of Invitation for Competitive Bids
	C-3	 	Form of Competitive Bid
	C-4	 	Form of Competitive Bid Accept/Reject Letter
	D-1	 	Form of New Lender Supplement
	D-2	 	Form of Incremental Facility Activation Notice
	E	 	Form of Exemption Certificate
	F	 	Form of Opinion of Nixon Peabody LLP
	G	 	Form of Compliance Certificate

  

 v 

 COMPETITIVE ADVANCE AND REVOLVING CREDIT AGREEMENT, dated as of December 13, 2004 and effective as of
January 5, 2005, among GANNETT CO., INC., a Delaware corporation (“Gannett”), the several banks and other financial institutions from time to time parties to this Agreement (the “Lenders”), BANK OF AMERICA, N.A., as
administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”), JPMORGAN CHASE BANK, N.A., as syndication agent (the “Syndication Agent”), and BARCLAYS BANK PLC, as documentation agent
(the “Documentation Agent”). 
  
 The parties
agree as follows: 
  
 ARTICLE I 
  
 Definitions 
  
 Section 1.1 Defined Terms. The following words and terms shall have
the following meanings in this Agreement: 
  
 “ABR”: for any day, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day
plus 1⁄2 of 1%. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds Effective Rate for any reason, the ABR shall be
determined without regard to clause (b) of the first sentence of this definition until the circumstances giving rise to such inability no longer exist. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate shall
be effective as of the opening of business on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 
  
 “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR. 
  
 “Addendum”: an instrument, substantially in the form of
Exhibit A, by which a Lender becomes a party to this Agreement as of the Effective Date. 
  
 “Aggregate Commitment Percentage”: as to any Lender at any time, the percentage which such Lender’s Commitment then constitutes of the aggregate Commitments (or, at any time after the Commitments
shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Loans then outstanding constitutes of the aggregate principal amount of the Loans then outstanding). 
  
 “Agreement”: this Competitive Advance and Revolving Credit
Agreement, as amended, supplemented or otherwise modified from time to time. 
  
  

 2 
  

 “Applicable Margin”: the appropriate rate per annum set forth in the table below
opposite the applicable Facility: 
  

			
	 Credit Status

	 	 Five-Year Facility

	 Credit Status 1
	 	18.00 Basis Points
	 Credit Status 2
	 	17.00 Basis Points
	 Credit Status 3
	 	21.00 Basis Points
	 Credit Status 4
	 	37.50 Basis Points
	 Credit Status 5
	 	45.00 Basis Points
	 Credit Status 6
	 	50.00 Basis Points

  
 “Assignee”: as defined in Section 9.6(c). 
  
 “Assignment and Acceptance”: an Assignment and Acceptance, substantially in the form of Exhibit B. 
  
 “Basis Point”: 1/100th of one percent. 
  
 “Board”: the Board of Governors of the Federal Reserve System, or any successor thereto. 
  
 “Borrowing”: a group of Loans of a single Type made by the
Lenders (or, in the case of a Competitive Borrowing, by the Lender or Lenders whose Competitive Bids have been accepted pursuant to Section 2.3) on a single date and as to which a single Interest Period is in effect. 
  
 “Borrowing Date”: any Business Day specified by Gannett as a
date on which Gannett requests the relevant Lenders to make Loans hereunder. 
  
 “Business Day”: each Monday, Tuesday, Wednesday, Thursday and Friday which is not a legal holiday for banks in Dallas, Texas or the State of New York; provided, that with respect to notices and
determinations in connection with, and payments of principal and interest on, Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in the interbank eurodollar market. 
  
 “Code”: the Internal Revenue Code of 1986, as amended from
time to time. 
  
 “Commitment”: as to any Lender,
the sum of its Five-Year Commitment and commitment under the Incremental Facility, if any. 
  
 “Commitment Utilization Percentage”: on any day, the percentage equivalent of a fraction (a) the numerator of which is the sum of the aggregate outstanding principal amount of all Loans and (b) the
denominator of which is the Total Commitment (or, on any day after termination of the Commitments under a Facility with outstanding Loans, the Total Commitment in effect immediately preceding such termination). 
  
 “Competitive Bid”: an offer by a Lender to make a
Competitive Loan pursuant to Section 2.3. 

 3 
  

 “Competitive Bid Accept/Reject Letter”: a notification made by Gannett pursuant to
Section 2.3(f) in the form of Exhibit C-4. 
  
 “Competitive Bid Rate”: as to any Competitive Bid made by a Lender pursuant to Section 2.3, (i) in the case of a Eurodollar Competitive Loan, the Eurodollar Rate plus (or minus) the Margin, and (ii) in the case of a Fixed
Rate Loan, the fixed rate of interest offered by the Lender making such Competitive Bid. 
  
 “Competitive Bid Request”: a request made pursuant to Section 2.3(b) in the form of Exhibit C-1. 
  
 “Competitive Borrowing”: a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose
Competitive Bids for such Borrowing have been accepted by Gannett under the bidding procedure described in Section 2.3. 
  
 “Competitive Loan”: a Loan (which shall be a Eurodollar Competitive Loan or a Fixed Rate Loan) made by a Lender pursuant to the bidding
procedure described in Section 2.3. 
  
 “Conduit
Lender”: any special purpose corporation organized and administered by any Lender for the purpose of making Loans hereunder otherwise required to be made by such Lender and designated by such Lender in a written instrument, subject to the
consent of the Administrative Agent and Gannett; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its
Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its
Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.14, 2.15, 2.16 or 9.5 than the designating Lender would have been entitled to receive in respect of
the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment hereunder. 
  
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its property is bound. 
  
 “Credit Status”: any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6. In determining whether Credit Status 1, Credit Status 2, Credit Status
3, Credit Status 4, Credit Status 5 or Credit Status 6 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and
Moody’s are more than one level apart, in which case the Credit Status one level below the higher rating will be determinative. In the event that Gannett’s senior unsecured long-term debt is rated by only one of S&P and Moody’s,
then that single rating shall be determinative. 
  
 “Credit Status 1” shall exist upon the occurrence of the higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least A+ or a rating by Moody’s of Gannett’s senior unsecured
long-term debt of at least A1. 

 4 
  

 “Credit Status 2” shall exist upon the occurrence of the higher of a rating by S&P
of Gannett’s senior unsecured long-term debt of at least A but lower than A+ or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A2 but lower than A1. 
  
 “Credit Status 3” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least A- but lower than A or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A3 but lower than A2. 
  
 “Credit Status 4” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least BBB+ but lower than A- or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least Baa1 but lower than A3. 
  
 “Credit Status 5” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least BBB but lower than BBB+ or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least Baa2 but lower than Baa1. 
  
 “Credit Status 6” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of lower than BBB or a rating by Moody’s of Gannett’s senior unsecured long-term debt of lower than Baa2. 
  
 “Default”: any of the events specified in Section 7.1,
whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
  
 “Dollars” and “$”: dollars in lawful currency of the United States of America. 
  
 “Effective Date”: the date identified by Gannett in a
written notice to the Administrative Agent, which date shall be at least one Business Day after receipt by the Administrative Agent of such notice and shall, in any case, occur no later than January 5, 2005. 
  
 “Environmental Laws”: any and all federal, state, local and
foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions relating to the environment or to emissions, discharges or releases
of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise
relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes or the
clean-up or other remediation thereof. 
  
 “Eurocurrency
Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including, without limitation,
basic, supplemental, marginal and emergency reserves under any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently
referred to as “Eurocurrency liabilities” in Regulation D of the Board) maintained by a member bank of such System. 

 5 
  

 “Eurodollar Base Rate”: with respect to each day during each Interest Period pertaining
to a Eurodollar Loan, the rate per annum determined on the basis of the rate for deposits in Dollars for a period equal to such Interest Period commencing on the first day of such Interest Period as published by Reuters as the British Bankers
Association LIBOR Rate (“BBA LIBOR”) as of 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period. In the event that BBA LIBOR as published by Reuters is unavailable, the “Eurodollar Base
Rate” shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate at
which the Administrative Agent is offered Dollar deposits at or about 11:00 A.M., Dallas, Texas time, two Business Days prior to the beginning of such Interest Period in the interbank eurodollar market where its eurodollar and foreign currency and
exchange operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein. 
  
 “Eurodollar Borrowing”: a Borrowing comprised of Eurodollar Loans. 
  
 “Eurodollar Competitive Loan”: any Competitive Loan bearing interest at a rate determined by reference to
the Eurodollar Rate. 
  
 “Eurodollar Loan”: any
Eurodollar Competitive Loan or Eurodollar Revolving Credit Loan. 
  
 “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for such day in accordance with the following formula (rounded upward to the nearest
1/100th of 1%): 
  
                 Eurodollar Base Rate                 
 1.00 - Eurocurrency Reserve Requirements 
  
 “Eurodollar Revolving Credit Loan”: any Five-Year Loan bearing interest at a rate determined by reference to the Eurodollar Rate.

  
 “Event of Default”: any of the Events of
Default specified in Section 7.1 of this Agreement. 
  
 “Excess Utilization Day”: each day on which the Commitment Utilization Percentage exceeds 50%. 
  
 “Facility”: each of the Five-Year Facility and the Incremental Facility. 
  
 “Federal Funds Effective Rate”: for any day, the weighted average of the rates on overnight federal funds
transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business
Day, the average of the quotations for such day of such rates on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 

 6 
  

 “Five-Year Available Commitment”: as to any Five-Year Lender at any time, the excess, if
any, of such Five-Year Lender’s Five-Year Commitment over such Five-Year Lender’s Five-Year Loans. 
  
 “Five-Year Commitment”: as to any Lender, the obligation of such Lender, if any, to make Five-Year Loans in an aggregate principal and/or
face amount not to exceed the amount set forth under the heading “Five-Year Commitment” opposite such Lender’s name on Schedule 1.1 or in the Assignment and Acceptance or New Lender Supplement pursuant to which such Lender became a
party hereto, as the same may be changed from time to time pursuant to the terms hereof. 
  
 “Five-Year Commitment Percentage”: as to any Five-Year Lender at any time, the percentage which such Five-Year Lender’s Five-Year Commitment then constitutes of the aggregate Five-Year
Commitments (or, at any time after the Five-Year Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Five-Year Lender’s Five-Year Loans then outstanding constitutes of the aggregate
principal amount of the Five-Year Loans then outstanding). 
  
 “Five-Year Commitment Period”: the period from and including the Effective Date to the Five-Year Termination Date. 
  
 “Five-Year Competitive Loans”: Competitive Loans made under the Five-Year Facility. 
  
 “Five-Year Facility”: the Five-Year Commitments and the
Loans made thereunder. 
  
 “Five-Year Lender”:
each Lender that has a Five-Year Commitment or that holds Five-Year Loans. 
  
 “Five-Year Loans”: as defined in Section 2.1(b). 
  
 “Five-Year Termination Date”: January 5, 2010. 
  

“Fixed Rate Borrowing”: a Borrowing comprised of Fixed Rate Loans. 
  
 “Fixed Rate Loan”: any Competitive Loan bearing interest at a fixed percentage rate per annum specified by
the Lender making such Loan in its Competitive Bid. 
  
 “GAAP”: generally accepted accounting principles in the United States as in effect from time to time and consistent with those used in the preparation of the most recent audited financial statements referred to in Section
3.2. In the event that any “Accounting Change” (as defined below) shall occur and such change results in a material change in the method of calculation of financial covenants, standards or terms in this Agreement, then Gannett and the
Administrative Agent agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Changes with the desired result that the criteria for evaluating Gannett’s financial condition
shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an 

 7 
  

 
amendment shall have been executed and delivered by Gannett, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms
in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to changes in accounting principles required by the promulgation of any rule, regulation,
pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the Securities and Exchange Commission. 
  
 “Governmental Authority”: any nation or government, any state or other political subdivision thereof and
any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government. 
  
 “Incremental Facility Activation Notice”: a notice
substantially in the form of Exhibit D-2. 
  
 “Incremental
Facility”: as defined in Section 2.1(d). 
  
 “Incremental Facility Closing Date”: any Business Day designated as such in an Incremental Facility Activation Notice. 
  
 “Incremental Facility Commitment”: as to any Lender, the obligation of such Lender, if any, to make Incremental Loans in an aggregate
principal amount not to exceed the amount set forth in the applicable Incremental Facility Activation Notice or in the Assignment and Acceptance or New Lender Supplement pursuant to which such Lender became a party hereto, as the same may be changed
from time to time pursuant to the terms hereof. 
  
 “Incremental Facility Lenders”: (a) on any Incremental Facility Closing Date relating to Incremental Loans, the Lenders signatory to the relevant Incremental Facility Activation Notice and (b) thereafter, each Lender that
is a holder of an Incremental Loan. 
  
 “Incremental
Facility Maturity Date”: with respect to the Incremental Loans, the maturity date specified in such Incremental Facility Activation Notice, which date shall be a date at least six months after the final maturity of the Five-Year Loans.

  
 “Incremental Loans”: as defined in Section
2.1(d). 
  
 “Interest Payment Date”: (a) as to
any ABR Loan, the last day of each March, June, September and December to occur while such Loan is outstanding and on the date such Loan is paid in full, (b) as to any Eurodollar Loan or Fixed Rate Loan, the last day of the Interest Period
applicable thereto and (c) as to any Eurodollar Loan or Fixed Rate Loan having an Interest Period longer than three months or 90 days, as the case may be, each day which is three months or 90 days, respectively, after the first day of the Interest
Period applicable thereto; provided that, in addition to the foregoing, each of (x) the date upon which both the Commitments have been terminated and the Loans have been paid in full and (y) the Five-Year Termination Date shall be deemed to
be an “Interest Payment Date” with respect to any interest which is then accrued hereunder. 

 8 
  

 “Interest Period”: (a) with respect to any Eurodollar Loan: 
  

	 	(i)	initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending one, two, three or six (or if available to
all the Lenders (or, in the case of Eurodollar Competitive Loans, the Lender making such Loans) nine) months thereafter, as selected by Gannett in its notice of borrowing or notice of conversion, as the case may be, given with respect thereto; and

  

	 	(ii)	thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six (or if available to all
the Lenders (or, in the case of Eurodollar Competitive Loans, the Lender making such Loans) nine) months thereafter, as selected by Gannett by irrevocable notice to the Administrative Agent not less than three Business Days prior to the last day of
the then current Interest Period with respect thereto; and 

  

	 	(b)	with respect to any Fixed Rate Loan, the period commencing on the Borrowing Date with respect to such Fixed Rate Loan and ending such number of days thereafter (which shall be not
less than seven days or more than 360 days after the date of such borrowing) as selected by Gannett in its Competitive Bid Request given with respect thereto. 

  
 provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 
  

	 	(A)	if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of an
Interest Period pertaining to a Eurodollar Loan, the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day; and

  

	 	(B)	any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of
such Interest Period) shall end on the last Business Day of a calendar month. 

  
 “Invitation for Competitive Bids”: an invitation made by Gannett pursuant to Section 2.3(c) in the form of Exhibit C-2. 
  
 “Lender Affiliate”: (a) any affiliate of any Lender, (b) any Person that is administered or managed by any
Lender and that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business and (c) with respect to any Lender which is a fund that invests in
commercial loans and similar extensions of credit, any other fund that invests in commercial loans and similar extensions of credit and is managed or advised by the same investment advisor as such Lender or by an affiliate of such Lender or
investment advisor. 

 9 
  

 “Lenders”: as defined in the preamble hereto; provided, that unless the context
otherwise requires, each reference herein to the Lenders shall be deemed to include any Conduit Lender. 
  
 “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other
security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially the
same economic effect as any of the foregoing). 
  
 “Loan”: any loan made by any Lender pursuant to this Agreement. 
  
 “Margin”: as to any Eurodollar Competitive Loan, the margin to be added to or subtracted from the Eurodollar Rate in order to determine the interest rate applicable to such Loan, as specified in the
Competitive Bid relating to such Loan. 
  
 “Material”: when used to describe an adverse effect or an event on Gannett or its Subsidiaries, shall mean a condition, event or act which, with the giving of notice or lapse of time or both, will constitute a Default or an
Event of Default. 
  
 “Material Adverse Effect”:
a Material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of Gannett and its Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or the material rights or remedies of
the Administrative Agent and the Lenders hereunder. 
  
 “Moody’s”: Moody’s Investors Service, Inc. and its successors; provided, however, that if Moody’s ceases rating securities similar to the senior unsecured long-term debt of Gannett and its
ratings and business with respect to such securities shall not have been transferred to any successor, then “Moody’s” shall mean any other nationally recognized rating agency (other than S&P) selected by Gannett and approved by
the Administrative Agent (not to be unreasonably withheld or delayed) that rates any senior unsecured long-term debt of Gannett. 
  
 “Net Property, Plant and Equipment”: the amount under that heading on the consolidated balance sheet of Gannett and its Subsidiaries
prepared in accordance with GAAP. 
  
 “Non-Excluded
Taxes”: as defined in Section 2.15(a). 
  
 “Non-U.S. Lender”: as defined in Section 2.15(d). 
  
 “Other Taxes”: any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution,
delivery or enforcement of, or otherwise with respect to, this Agreement. 
  
 “Participant”: as defined in Section 9.6(b). 

 10 
  

 “Person”: an individual, partnership, corporation, business trust, joint stock company,
trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
  
 “Prime Rate”: the rate of interest per annum publicly announced from time to time by Bank of America, N.A. as its prime rate in effect at
its principal office in Dallas, Texas (the Prime Rate not being intended to be the lowest rate of interest charged by Bank of America, N.A. in connection with extensions of credit to debtors). 
  
 “Register”: as defined in Section 9.6(d). 
  
 “Required Lenders”: at any time, the holders of more than
50% of the Total Commitments then in effect or, if the Commitments have been terminated, the Total Extensions of Credit then outstanding. 
  
 “Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court or other
Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
  

“S&P”: Standard & Poor’s Corporation and its successors; provided, however, that if S&P ceases rating
securities similar to the senior unsecured long-term debt of Gannett and its ratings and business with respect to such securities shall not have been transferred to any successor, then “S&P” shall mean any other nationally recognized
rating agency (other than Moody’s) selected by Gannett and approved by the Administrative Agent (not to be unreasonably withheld or delayed) that rates any senior unsecured long-term debt of Gannett. 
  
 “Subsidiary”: any corporation the majority of the shares of
voting stock of which at any time outstanding is owned directly or indirectly by Gannett or by one or more of its other subsidiaries or by Gannett in conjunction with one or more of its other subsidiaries. 
  
 “Total Commitments”: at any time, the aggregate amount of
the Commitments then in effect. 
  
 “Total Extensions of
Credit”: at any time, the aggregate amount of all Loans of the Lenders outstanding at such time. 
  
 “Total Shareholders’ Equity”: the amount appearing under that heading on the consolidated balance sheet of Gannett and its
Subsidiaries, prepared in accordance with GAAP. 
  
 “Transferee”: any Assignee or Participant. 
  
 “Type”: as to any Five-Year Loan, its nature as an ABR Loan or a Eurodollar Loan, and as to any Competitive Loan, its nature as a Eurodollar Competitive Loan or a Fixed Rate Loan. 

 11 
  

 Section 1.2 Other Definitional Provisions. 
  
 (a) Unless otherwise specified therein, all terms defined in this Agreement
shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto. 
  
 (b) As used herein, and any certificate or other document made or delivered pursuant hereto, accounting terms relating to Gannett and its Subsidiaries not
defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP. 
  
 (c) The words “hereof”, “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. 
  
 (d) The meanings given to terms defined herein shall be equally applicable to
both the singular and plural forms of such terms. 
  
 ARTICLE II

  
 Amount and Terms of the Facilities 
  
 Section 2.1 Revolving Credit Commitments. (a) [reserved] 

 
 (b) Subject to the terms and conditions hereof, each Five-Year Lender
severally agrees to make revolving credit loans (“Five-Year Loans”) to Gannett from time to time during the Five-Year Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of
such Lender’s Five-Year Commitment. During the Five-Year Commitment Period, Gannett may use the Five-Year Commitments by borrowing, prepaying the Five-Year Loans in whole or in part, and reborrowing, all in accordance with the terms and
conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event (after giving effect to the use of proceeds of any Borrowing) shall (i) the amount of any Lender’s Five-Year Commitment Percentage multiplied
by the amount of a Borrowing of Five-Year Loans exceed such Lender’s Five-Year Available Commitment at the time of such Borrowing or (ii) the aggregate amount of Five-Year Loans and Five-Year Competitive Loans at any one time outstanding exceed
the aggregate Five-Year Commitments then in effect of all Lenders. 
  
 (c) The Five-Year Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by Gannett and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6; provided
that no Five-Year Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Five-Year Termination Date. 
  
 (d) Gannett (upon receipt of requisite authorization from its Board of Directors) and any one or more Lenders (including New Lenders) may from time to
time agree that such Lenders shall (x) make available to Gannett an additional credit facility (the 

 12 
  

 “Incremental Facility” and any loans thereunder, the “Incremental Loans”), which credit
facility shall take the form of a revolving credit facility which matures at least six months after the Five-Year Termination Date and/or (y) increase the amount of their Five-Year Commitment, or (in the case of a New Lender) make available a
Five-Year Commitment, in any such case by executing and delivering to the Administrative Agent an Incremental Facility Activation Notice specifying (i) the aggregate principal amount of such increase and the Facility or Facilities involved, (ii) the
applicable Incremental Facility Closing Date and (iii) in the case of the Incremental Facility, the Incremental Facility Maturity Date. Notwithstanding the foregoing, (i) the sum of aggregate principal amount of the Incremental Facility Commitments
and any increase in the Five-Year Commitments shall not exceed $1,000,000,000, (ii) no increase pursuant to this paragraph may be obtained after the occurrence and during the continuation of a Default or Event of Default and (iii) any increase
effected pursuant to this paragraph shall be in a minimum amount of at least $10,000,000. Any Incremental Facility shall be governed by this Agreement. No Lender shall have any obligation to participate in any increase described in this paragraph
unless it agrees to do so in its sole discretion. 
  
 (e) Any
additional bank, financial institution or other entity which, with the consent of Gannett and the Administrative Agent (which consent shall not be unreasonably withheld), elects to become a “Lender” under this Agreement in connection with
any transaction described in Section 2.1(d) shall execute a New Lender Supplement (each, a “New Lender Supplement”), substantially in the form of Exhibit D-1, whereupon such bank, financial institution or other entity (a
“New Lender”) shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled to the benefits of this Agreement. 
  
 Section 2.2 Procedure for Revolving Credit Borrowing. Gannett may
borrow Five-Year Loans under the Commitments on any Business Day; provided that Gannett shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent prior to 11:00 A.M., Dallas, Texas time, (a)
three Business Days prior to the requested Borrowing Date, if all or any part of the requested Five-Year Loans are to be Eurodollar Loans, or (b) on the requested Borrowing Date, otherwise), specifying (i) the Facility under which the Borrowing is
to be made, (ii) the amount to be borrowed, (iii) the requested Borrowing Date, (iv) whether the Borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (v) if the Borrowing is to be entirely or partly of Eurodollar Loans, the
respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. Any Loans made on the Effective Date shall be ABR Loans. Each Borrowing under the Commitments shall be in an amount equal to
$10,000,000 or a multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from Gannett, the Administrative Agent shall promptly notify each relevant Lender thereof. Each relevant Lender will make the amount of its pro rata share of
each Borrowing available to the Administrative Agent for the account of Gannett at the office of the Administrative Agent specified in Section 9.2 prior to 1:00 P.M., Dallas, Texas time, on the Borrowing Date requested by Gannett in funds
immediately available to the Administrative Agent. Such Borrowing will then immediately be made available to Gannett by the Administrative Agent crediting the account of Gannett on the books of such office with the aggregate of the amounts made
available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. 

 13 
  

 Section 2.3 Competitive Borrowings. 
  
 (a) The Competitive Bid Option. In addition to the Five-Year Loans that may be made available pursuant to Section
2.1, Gannett may, as set forth in this Section 2.3, request the Lenders to make offers to make Competitive Loans to Gannett. The Lenders may, but shall have no obligation to, make such offers, and Gannett may, but shall have no obligation to, accept
any such offers in the manner set forth in this Section 2.3. 
  
 (b) Competitive Bid Request. When Gannett wishes to request offers to make Competitive Loans under this Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon
(Dallas, Texas time) on (x) the fourth Business Day prior to the Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Competitive Loans or (y) the Business Day immediately preceding the Borrowing Date proposed therein, in the
case of a Fixed Rate Borrowing, specifying: 
  
 (i) the Facility under which the Borrowing is to be made, 
  
 (ii) the proposed Borrowing Date, 
  
 (iii) the aggregate principal amount of such Borrowing, which shall be $10,000,000 or a multiple of $1,000,000 in excess thereof, 
  
 (iv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of
Interest Period contained in Section 1.1, and 
  
 (v) whether the Borrowing then being requested is to be of Eurodollar Competitive Loans or Fixed Rate Loans. 
  
 A Competitive Bid Request that does not conform substantially to the format of Exhibit C-1 may be rejected by the Administrative Agent in its sole
discretion, and the Administrative Agent shall promptly notify Gannett of such rejection. Gannett may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be
given within three Business Days of any other Competitive Bid Request pursuant to which Gannett has made a Competitive Borrowing. 
  
 (c) Invitation for Competitive Bids. Promptly after its receipt of a Competitive Bid Request (but, in any event, no later than 3:00 P.M., Dallas,
Texas time, on the date of such receipt) conforming to the requirements of paragraph (b) above, the Administrative Agent shall send to each of the relevant Lenders an Invitation for Competitive Bids which shall constitute an invitation by Gannett to
each such Lender to bid, on the terms and conditions of this Agreement, to make Competitive Loans pursuant to the Competitive Bid Request. 
  
 (d) Submission and Contents of Competitive Bids. (i) Each Lender to which an Invitation for Competitive Bids is sent may submit a Competitive Bid
containing an offer or offers to make Competitive Loans in response to such Invitation for Competitive Bids. Each Competitive Bid must comply with the requirements of this paragraph (d) and must be submitted to the Administrative Agent at its
offices specified in Section 9.2 not later than (x) 9:30 A.M. (Dallas, Texas time) on the third Business Day prior to the proposed Borrowing Date, in the case 

 14 
  

 of a Borrowing of Eurodollar Competitive Loans or (y) 9:30 A.M. (Dallas, Texas time) on the date of the proposed
Borrowing, in the case of a Fixed Rate Borrowing; provided that any Competitive Bids submitted by the Administrative Agent in the capacity of a Lender may only be submitted if the Administrative Agent notifies Gannett of the terms of the
offer or offers contained therein not later than fifteen minutes prior to the deadline for the other Lenders. A Competitive Bid submitted by a Lender pursuant to this paragraph (d) shall be irrevocable. 
  
 (ii) Each Competitive Bid shall be in substantially the form
of Exhibit C-3 and shall specify: 
  
 (A) the
date of the proposed Borrowing and the Facility under which it is to be made, 
  
 (B) the principal amount of the Competitive Loan for which each such offer is being made, which principal amount (w) may be greater than, equal to or less than the Commitment of the quoting Lender, (x) must be in a
minimum principal amount of $5,000,000 or a multiple of $1,000,000 in excess thereof, (y) may not exceed the principal amount of Competitive Loans for which offers were requested and (z) may be subject to a limitation as to the maximum aggregate
principal amount of Competitive Loans for which offers being made by such quoting Lender may be accepted, 
  
 (C) in the case of a Borrowing of Eurodollar Competitive Loans, the Margin offered for each such Competitive Loan, expressed as a
percentage (specified in increments of 1/10,000th of 1%) to be added to or subtracted from such base rate, 
  
 (D) in the case of a Fixed Rate Borrowing, the rate of interest per annum (specified in increments of 1/10,000th of 1%) offered for each
such Competitive Loan, and 
  
 (E) the identity
of the quoting Lender. 
  
 A Competitive Bid may set forth up to five separate
offers by the quoting Lender with respect to each Interest Period specified in the related Invitation for Competitive Bids. Any Competitive Bid shall be disregarded by the Administrative Agent if the Administrative Agent determines that it: (A) is
not substantially in the form of Exhibit C-3 or does not specify all of the information required by Section 2.3(d)(ii); (B) contains qualifying, conditional or similar language (except for a limitation on the maximum principal amount which may be
accepted); (C) proposes terms other than or in addition to those set forth in the applicable Invitation for Competitive Bids or (D) arrives after the time set forth in Section 2.3(d)(i). 
  
 (e) Notice to Gannett. The Administrative Agent shall promptly (and, in any event, by 10:00 A.M., Dallas, Texas time)
notify Gannett, by telecopy, of all the Competitive Bids made (including all disregarded bids), the Competitive Bid Rate and the principal amount of each Competitive Loan in respect of which a Competitive Bid was made and the identity of the Lender
that made each bid. The Administrative Agent shall send a copy of all Competitive Bids (including all disregarded bids) to Gannett for its records as soon as practicable after completion of the bidding process set forth in this Section 2.3.

 15 
  

 (f) Acceptance and Notice by Gannett. Gannett may in its sole discretion, subject only to the
provisions of this paragraph (f), accept or reject any Competitive Bid (other than any disregarded bid) referred to in paragraph (e) above. Gannett shall notify the Administrative Agent by telephone, confirmed immediately thereafter by telecopy in
the form of a Competitive Bid Accept/Reject Letter, whether and to what extent it wishes to accept any or all of the bids referred to in paragraph (e) above not later than (x) 11:00 A.M. (Dallas, Texas time) on the third Business Day prior to the
proposed Borrowing Date, in the case of a Competitive Eurodollar Borrowing or (y) 11:00 A.M. (Dallas, Texas time) on the proposed Borrowing Date, in the case of a Fixed Rate Borrowing; provided that: 
  
 (i) the failure by Gannett to give such notice shall be
deemed to be a rejection of all the bids referred to in paragraph (e) above, 
  
 (ii) the aggregate principal amount of the Competitive Bids accepted by Gannett may not exceed the lesser of (A) the principal amount set forth in the related Competitive Bid Request and (B) the excess, if any, of the
aggregate Five-Year Commitments of all Five-Year Lenders or the aggregate Incremental Facility Commitments of all Incremental Facility Lenders, as applicable, then in effect over the aggregate principal amount of all Five-Year Loans or Incremental
Loans, as applicable, outstanding immediately prior to the making of such Competitive Loans, 
  
 (iii) the principal amount of each Competitive Borrowing must be $5,000,000 or a multiple of $1,000,000 in excess thereof, and 

 
 (iv) Gannett may not accept any Competitive Bid that is
disregarded by the Administrative Agent pursuant to Section 2.3(d)(ii) or that otherwise fails to comply with the requirements of this Agreement. 
  
 A notice given by Gannett pursuant to this paragraph (f) shall be irrevocable. 
  
 (g) Allocation by Administrative Agent. If offers are made by two or more Lenders with the same Competitive Bid Rates
for a greater aggregate principal amount than the amount in respect of which such offers are accepted for the related Interest Period, the principal amount of Competitive Loans in respect of which such offers are accepted shall be allocated by the
Administrative Agent among such Lenders as nearly as possible (in integral multiples of $1,000,000, as the Administrative Agent may deem appropriate) in proportion to the aggregate principal amounts of such offers. 
  
 (h) Notification of Acceptance. The Administrative Agent shall
promptly (and, in any event, by 11:30 A.M., Dallas, Texas time) notify each bidding Lender whether or not its Competitive Bid has been accepted (and if so, in what amount and at what Competitive Bid Rate), and each successful bidder will thereupon
become bound, subject to the other applicable conditions hereof, to make the Competitive Loan in respect of which its bid has been accepted. 
  
 Section 2.4 Termination or Reduction of Commitments. Gannett shall have the right, upon not less than two Business Days’ notice to the
Administrative Agent, to terminate the Five-Year Commitments when no Five-Year Loans are then outstanding or, from time to 

 16 
  

 time, to reduce the unutilized portion of the Five-Year Commitments. Any such reduction pursuant to this Section 2.4
shall be in an amount equal to $10,000,000 or a multiple of $1,000,000 in excess thereof and shall reduce permanently the Five-Year Commitments then in effect, and the fees payable pursuant to Section 2.10 shall then reflect the reduced Five-Year
Commitments. 
  
 Section 2.5 Optional Prepayments. Gannett
may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent at least three Business Days prior thereto in the case of Eurodollar Loans and at
least one Business Day prior thereto in the case of ABR Loans, which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or ABR Loans; provided, that if a Eurodollar Loan is prepaid on any day
other than the last day of the Interest Period applicable thereto, Gannett shall also pay any amounts owing pursuant to Section 2.16. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any
such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest and fees to such date on the amount prepaid. Partial prepayments shall be in an aggregate principal
amount of $10,000,000 or a multiple of $1,000,000 in excess thereof. Notwithstanding anything to the contrary contained herein, Gannett shall not prepay the Competitive Loans except pursuant to Article 7, with the consent of the Lender which has
made such Competitive Loan or as provided in the related Competitive Bid Request. 
  
 Section 2.6 Conversion and Continuation Options. (a) Gannett may elect from time to time to convert Eurodollar Revolving Credit Loans to ABR Loans by giving the Administrative Agent at least one Business
Day’s prior irrevocable notice of such election; provided that any such conversion of Eurodollar Revolving Credit Loans may only be made on the last day of an Interest Period with respect thereto. Gannett may elect from time to time to convert
ABR Loans to Eurodollar Revolving Credit Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election. Any such notice of conversion to Eurodollar Revolving Credit Loans shall specify the
length of the initial Interest Period or Interest Periods therefor. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. All or any part of outstanding Eurodollar Revolving Credit Loans and ABR
Loans may be converted as provided herein; provided that (i) no Loan may be converted into a Eurodollar Revolving Credit Loan when any Event of Default has occurred and is continuing and (ii) no Five-Year Loan may be converted into a Eurodollar
Revolving Credit Loan after the date that is one month prior to the Five-Year Termination Date. 
  
 (b) Any Eurodollar Revolving Credit Loans may be continued as such upon the expiration of the then current Interest Period with respect thereto by Gannett
giving notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans; provided that
no Eurodollar Revolving Credit Loan may be continued as such (i) when any Event of Default has occurred and is continuing or (ii) after the date that is one month prior to the Five-Year Termination Date; and provided, further, that if
Gannett shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso such Eurodollar Revolving Credit Loans shall be automatically converted to ABR Loans on
the last day of such then expiring Interest Period. 
  
  

 17 
  

 Section 2.7 Minimum Amounts of Eurodollar Borrowings. All borrowings, conversions and
continuations of Five-Year Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Five-Year Loans
comprising each Eurodollar Borrowing shall be equal to $10,000,000 or a multiple of $1,000,000 in excess thereof and so that there shall not be more than 20 Eurodollar Borrowings outstanding at any one time. 
  
 Section 2.8 Repayment of Loans; Evidence of Debt. (a) Gannett hereby
unconditionally promises to pay (i) to each Five-Year Lender on the Five-Year Termination Date (or such earlier date as the Five-Year Loans become due and payable pursuant to Article 7 or Section 2.5), the unpaid principal amount of each Five-Year
Loan made by such Five-Year Lender and (ii) to each applicable Lender on the last day of the applicable Interest Period, the unpaid principal amount of each Competitive Loan made by any such Lender. Gannett hereby further agrees to pay interest in
immediately available funds at the office of the Administrative Agent on the unpaid principal amount of the Loans from time to time from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section
2.9. 
  
 (b) Each Lender shall maintain in accordance with its
usual practice an account or accounts evidencing the indebtedness of Gannett to the appropriate lending office of such Lender resulting from each Loan made by such lending office of such Lender from time to time, including the amounts of principal
and interest payable and paid to such lending office of such Lender from time to time under this Agreement. 
  
 (c) The Administrative Agent shall maintain the Register pursuant to Section 9.6(d), and a subaccount for each Lender, in which Register and subaccounts
(taken together) shall be recorded (i) the amount of each Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from
Gannett to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from Gannett and each Lender’s share thereof. 
  
 (d) The entries made in the Register and accounts maintained pursuant to paragraphs (b) and (c) of this Section 2.8 shall,
to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of Gannett therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain
such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of Gannett to repay (with applicable interest) the Loans made to Gannett by such Lender in accordance with the terms
of this Agreement. 
  
 Section 2.9 Interest Rates and Payment
Dates. (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. 
  
 (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of each Eurodollar Revolving Credit
Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin and (ii) in the case of each Eurodollar Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus (or
minus, as the case may be) the Margin offered by the Lender making such Loan and accepted by Gannett pursuant to Section 2.3. 

 18 
  

 (c) Each Fixed Rate Loan shall bear interest at a rate per annum equal to the fixed rate of interest
offered by the Lender making such Loan and accepted by Gannett pursuant to Section 2.3. 
  
 (d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (e) of this Section 2.9 shall be payable from time to time on demand. 
  
 (e) (i) If all or a portion of the principal amount of any Loan shall not be
paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section 2.9 plus 1% and (ii) to the extent permitted under applicable law, if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by
acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 1%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until
such amount is paid in full (as well after as before judgment). 
  
 Section 2.10 Fees. (a) [reserved] 
  
 (b) Gannett
shall pay to the Administrative Agent, for the ratable account of the Five-Year Lenders, a facility fee (the “Five-Year Facility Fee”) at the rate per annum equal to (i) for each day that Gannett has Credit Status 1, .0700% of the
aggregate Five-Year Commitments on such day, (ii) for each day that Gannett has Credit Status 2, .0800% of the aggregate Five-Year Commitments on such day, (iii) for each day that Gannett has Credit Status 3, .1000% of the aggregate Five-Year
Commitments on such day, (iv) for each day that Gannett has Credit Status 4, .12500% of the aggregate Five-Year Commitments on such day, (v) for each day that Gannett has Credit Status 5, .1750% of the aggregate Five-Year Commitments on such day and
(vi) for each day that Gannett has Credit Status 6, .2500% of the aggregate Five-Year Commitments on such day. On the first Business Day following the last day of each fiscal quarter of Gannett and on the Five-Year Termination Date (or, if earlier,
on the date upon which both the Five-Year Commitments are terminated and the Five-Year Loans are paid in full), Gannett shall pay to the Administrative Agent, for the ratable benefit of the Lenders, the portion of the Five-Year Facility Fee which
accrued during the fiscal quarter most recently ended (or, in the case of the payment due on the Five-Year Termination Date, the portion thereof ending on such date). Such facility fee shall be based upon the aggregate Five-Year Commitments of the
Five-Year Lenders from time to time, regardless of the utilization by Gannett from time to time thereunder. 
  
 (c) Gannett shall pay to the Administrative Agent, for the ratable account of the Lenders, a utilization fee (the “Utilization Fee”) at a
rate per annum equal to 0.0750% for each day on which the Commitment Utilization Percentage exceeds 50%, which Utilization Fee shall accrue on the average daily amount of the Total Extensions of Credit for each Excess 

 19 
  

 Utilization Day during the term of this Agreement. All Utilization Fees shall be computed on the basis of the actual
number of days elapsed in a year of 360 days and shall be payable quarterly in arrears. 
  
 Section 2.11 Computation of Interest and Fees. (a) Interest payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans and
Competitive Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. Fees (other than the
Utilization Fees, which shall be calculated as provided in Section 2.10(c)) payable pursuant hereto shall be calculated on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon
as practicable notify Gannett and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the
opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify Gannett and the relevant Lenders of the effective date and the amount of each such change in interest rate.

  
 (b) Each determination of an interest rate by the
Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on Gannett and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of Gannett, deliver to Gannett a statement
showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.11(a). 
  
 Section 2.12 Inability to Determine Interest Rate. If prior to the first day of any Interest Period the Administrative Agent shall have determined
(which determination shall be conclusive and binding upon Gannett) that, by reason of circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, the
Administrative Agent shall give telecopy or telephonic notice thereof to Gannett and the relevant Lenders as soon as practicable thereafter. If such notice is given (x) any Eurodollar Loans under the relevant Facility requested to be made on the
first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the relevant Facility that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any
outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the then-current Interest Period, to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the
relevant Facility shall be made or continued as such, nor shall Gannett have the right to convert Loans under the relevant Facility to Eurodollar Loans. 
  
 Section 2.13 Pro Rata Treatment and Payments. (a) Each borrowing of Five-Year Loans from the Lenders hereunder, each payment by Gannett on account
of any fee hereunder and, subject to the last sentence of Section 2.4, any reduction of the Commitments of the Lenders shall be made pro rata according to the Five-Year Commitments of the Lenders. Subject to the last sentence of Section 2.4, each
payment (including each prepayment) by Gannett on account of principal of and interest on the Five-Year Loans shall be made pro rata according to the respective outstanding principal amounts of the Five-Year Loans then held by the Lenders. Each
payment by Gannett on account of principal of and interest on any Borrowing 

 20 
  

 of Competitive Loans shall be made pro rata among the Lenders participating in such Borrowing according to the respective
principal amounts of their outstanding Competitive Loans comprising such Borrowing. 
  
 (b) All payments (including prepayments) to be made by Gannett hereunder, whether on account of principal, interest, fees or otherwise, shall be made without set-off or counterclaim and shall be made prior to 12:00
Noon, Dallas, Texas time, on the due date thereof to the Administrative Agent, for the account of the relevant Lenders, at the Agent’s office specified in Section 9.2, in Dollars and in immediately available funds. Notwithstanding the
foregoing, the failure by Gannett to make a payment (or prepayment) prior to 12:00 Noon on the due date thereof shall not constitute a Default or Event of Default if such payment is made on such due date; provided, however, that any
payment (or prepayment) made after such time on such due date shall be deemed made on the next Business Day for the purposes of interest and reimbursement calculations. The Administrative Agent shall distribute such payments to the relevant Lenders
promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day.
If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such payment into
another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the
then applicable rate during such extension. 
  
 (c) Unless the
Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent
may assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption, make available to Gannett a corresponding amount. If such amount is not made available to
the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate for the
period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence
of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be entitled to recover such
amount with interest thereon at the rate per annum applicable to ABR Loans under the relevant Facility, on demand, from Gannett. Nothing herein shall be deemed to limit the rights of Gannett against any Lender who fails to make its share of such
borrowing available. 
  
 (d) Unless the Administrative Agent shall
have been notified in writing by Gannett prior to the date of any payment being made hereunder that Gannett will not make such payment to the Administrative Agent, the Administrative Agent may assume that Gannett is making such payment, and the
Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the Lenders their respective pro rata shares of 

 21 
  

 a corresponding amount. If such payment is not made to the Administrative Agent by Gannett within three Business Days of
such required date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to
the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against Gannett. 
  
 Section 2.14 Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof or
compliance by any Lender with any request or directive (whether or not having the force of law) from any central bank or other Governmental Authority made subsequent to the date hereof: 
  
 (i) shall subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any
Eurodollar Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except for Non-Excluded Taxes covered by Section 2.15 and changes in the rate of tax on the overall net income of such Lender); 
  
 (ii) shall impose, modify or hold applicable any reserve,
special deposit, compulsory loan or similar requirement against assets held by, deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender
that is not otherwise included in the determination of the Eurodollar Rate hereunder; or 
  
 (iii) shall impose on such Lender any other condition affecting Eurodollar Loans; 
  
 and the result of any of the foregoing is to increase the cost to such Lender, by an amount
that such Lender deems to be material, of making, converting into, continuing or maintaining Eurodollar Loans, or to reduce any amount receivable hereunder in respect thereof, then, in any such case, Gannett shall promptly pay such Lender, upon its
demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall promptly notify Gannett
(with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. Gannett shall not be liable in respect of any such increased costs to, or reduced amount of any sum received or receivable by, any Lender pursuant
to this Section 2.14(a) with respect to any interest, fees or other amounts accrued by such Lender more than 15 days prior to the date notice thereof is given to Gannett pursuant to this Section 2.14(a). 
  
 (b) If any Lender shall have determined that the adoption of or any change in
any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or directive regarding capital adequacy (whether or not having
the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such 

 22 
  

 corporation’s capital as a consequence of its obligations hereunder to a level below that which such Lender or such
corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to capital adequacy) by an amount deemed by such Lender to be material, then
from time to time, within 15 days after submission by such Lender to Gannett (with a copy to the Administrative Agent) of a written request therefor, Gannett shall pay to such Lender such additional amount or amounts as will compensate such Lender
for such reduction; provided that Gannett shall not be required to compensate a Lender pursuant to this paragraph for any amounts incurred more than 30 days prior to the date that such Lender notifies Gannett of such Lender’s intention
to claim compensation therefor; and provided further that, if the circumstances giving rise to such claim have a retroactive effect, then such 30 day period shall be extended to include the period of such retroactive effect.

  
 (c) A certificate, setting forth a reasonably detailed
explanation as to the reason for any additional amounts payable pursuant to this Section 2.14, submitted by any Lender to Gannett (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The obligations of
Gannett pursuant to this Section shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder. 
  
 Section 2.15 Taxes. (a) All payments made by Gannett under this Agreement shall be made free and clear of, and without deduction or withholding for
or on account of, any present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding net
income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the Administrative Agent or any Lender as a result of a present or former connection between the Administrative Agent or such Lender and the jurisdiction of the
Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than any such connection arising solely from the Administrative Agent or such Lender having executed, delivered or performed its
obligations or received a payment under, or enforced, this Agreement). If any such non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded Taxes”) or Other Taxes are required to be
withheld from any amounts payable to the Administrative Agent or any Lender hereunder, the amounts so payable to the Administrative Agent or such Lender shall be increased to the extent necessary to yield to the Administrative Agent or such Lender
(after payment of all Non-Excluded Taxes and Other Taxes) interest or any such other amounts payable hereunder at the rates or in the amounts specified in this Agreement, provided, however, that Gannett shall not be required to
increase any such amounts payable to any Lender with respect to any Non-Excluded Taxes (i) that are attributable to such Lender’s failure to comply with the requirements of paragraph (d) or (e) of this Section or (ii) that are United States
withholding taxes imposed on amounts payable to such Lender at the time the Lender becomes a party to this Agreement (or designates a new lending office), except to the extent that such Lender’s assignor (if any) was entitled, at the time of
assignment, to receive additional amounts from Gannett with respect to such Non-Excluded Taxes pursuant to this paragraph. 
  
 (b) In addition, Gannett shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
  
 (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by Gannett, as
promptly as possible thereafter Gannett shall send to the Administrative Agent for its 

 23 
  

 own account or for the account of the relevant Lender, as the case may be, a certified copy of an original official
receipt received by Gannett showing payment thereof. If Gannett fails to pay any Non-Excluded Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or other required
documentary evidence, Gannett shall indemnify the Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any such failure. 
  
 (d) Each Lender (or Transferee) that is not a “U.S. Person” as
defined in Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to Gannett and the Administrative Agent (or, in the case of a Participant, to the Lender from which the related participation shall have been purchased)
two copies of either U.S. Internal Revenue Service Form W-8BEN or Form W-8ECI, or, in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to payments of
“portfolio interest”, a statement substantially in the form of Exhibit E and a Form W-8BEN, or any subsequent versions thereof or successors thereto, properly completed and duly executed by such Non-U.S. Lender claiming complete exemption
from, or a reduced rate of, U.S. federal withholding tax on all payments by Gannett under this Agreement. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement or designates a new lending
office (or, in the case of any Participant, on or before the date such Participant purchases the related participation). In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or invalidity of any form previously
delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify Gannett at any time it determines that it is no longer in a position to provide any previously delivered certificate to Gannett (or any other form of certification adopted
by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such Non-U.S. Lender is not legally able to deliver.

  
 (e) If the Administrative Agent or any Lender receives a
refund in respect of any amounts paid by Gannett pursuant to this Section 2.15, which refund in the reasonable judgment of such Administrative Agent or such Lender is allocable to such payment, it shall pay the amount of such refund to Gannett, net
of all reasonable out-of-pocket expenses of the Administrative Agent or such Lender, provided however, that Gannett, upon the request of such Lender or the Administrative Agent, agrees to repay the amount paid over to Gannett to the Administrative
Agent or such Lender in the event such Administrative Agent or the Lender is required to repay such refund. Nothing contained herein shall interfere with the right of the Administrative Agent or any Lender to arrange its tax affairs in whatever
manner it deems fit nor oblige the Administrative Agent or any Lender to apply for any refund or to disclose any information relating to its affairs or any computations in respect thereof. 
  
 (f) The agreements in this Section 2.15 shall survive the termination of this
Agreement and the payment of the Loans and all other amounts payable hereunder. 
  
 Section 2.16 Indemnity. Gannett agrees to indemnify each Lender and to hold each Lender harmless from any loss or expense that such Lender sustains or incurs as a consequence of (a) default by Gannett in making
a borrowing of, conversion into or continuation 

 24 
  

 of Eurodollar Loans after Gannett has given a notice requesting the same in accordance with the provisions of this
Agreement, (b) default by Gannett in making any prepayment of or conversion from Eurodollar Loans after Gannett has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of Eurodollar Loans on a
day that is not the last day of an Interest Period with respect thereto. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed,
converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the Interest Period that
would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the amount of interest (as
reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable
pursuant to this Section submitted to Gannett by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

  
 Section 2.17 Change of Lending Office. Each Lender
agrees that, upon the occurrence of any event giving rise to the operation of Section 2.14 or 2.15(a) with respect to such Lender, it will, if requested by Gannett, use reasonable efforts (subject to overall policy considerations of such Lender) to
designate another lending office for any Loans affected by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its
lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of Gannett or the rights of any Lender pursuant to Section 2.14 or
2.15(a). 
  
 Section 2.18 Replacement of Lenders. Gannett
shall be permitted to replace any Lender that (a) requests reimbursement for amounts owing pursuant to Section 2.14 or 2.15(a) or (b) defaults in its obligation to make Loans hereunder, with a replacement financial institution; provided that (i)
such replacement does not conflict with any Requirement of Law, (ii) prior to any such replacement, such Lender shall have taken no action under Section 2.17 so as to eliminate the continued need for payment of amounts owing pursuant to Section 2.14
or 2.15(a), (iii) the replacement financial institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (iv) Gannett shall be liable to such replaced Lender under Section 2.16
if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (v) the replacement financial institution, if not already a Lender, shall be reasonably satisfactory to the
Administrative Agent, (vi) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 9.6 (provided that Gannett shall be obligated to pay the registration and processing fee referred to therein),
(vii) until such time as such replacement shall be consummated, Gannett shall pay all additional amounts (if any) required pursuant to Section 2.14 or 2.15(a), as the case may be, and (viii) any such replacement shall not be deemed to be a waiver of
any rights that Gannett, the Administrative Agent or any other Lender shall have against the replaced Lender. 

 25 
  

 ARTICLE III 
  
 Representations and Warranties 
  
 To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans, Gannett hereby represents and warrants to the
Administrative Agent and each Lender that: 
  
 Section 3.1
Organization; Powers. Gannett and each of its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation. Except where the failure to do so, individually or in the
aggregate, would result in a Material Adverse Effect, Gannett and each of its Subsidiaries is duly qualified to do business as a foreign corporation and is in good standing in all states in which it owns substantial properties or in which it
conducts a substantial business and its activities make such qualifications necessary. 
  
 Section 3.2 Financial Condition; No Material Adverse Effect. On or as of the Effective Date, Gannett has furnished to each of the Lenders copies of either its Annual Report for 2003 or a report on Form 8-K,
containing in either case, copies of its consolidated balance sheet as of December 28, 2003 and the related statements of consolidated income and changes in shareholders’ equity and cash flows for 2003, all reported on by PricewaterhouseCoopers
LLP, independent public accountants. The financial statements contained in such Annual Report or report on Form 8-K (including the related notes) fairly present Gannett’s consolidated financial condition as of their respective dates and the
consolidated results of the operations of Gannett and its Subsidiaries for the periods then ended, and have been prepared in accordance with GAAP. Gannett and its Subsidiaries have no Material liabilities as of December 28, 2003 not reflected in the
consolidated balance sheet as of December 28, 2003 or the related notes as of said date, and from that date to the Effective Date there has been no Material change in the business or financial condition of Gannett and its Subsidiaries taken as a
whole which has not been publicly disclosed. 
  
 Section 3.3
Properties. As of the Effective Date, Gannett and its Subsidiaries owned absolutely, free and clear of all Liens, all of the real or personal property reflected in the consolidated balance sheet dated as of December 28, 2003 referred to in
Section 3.2 and all other property acquired by them, respectively after December 28, 2003 except such property as has been disposed of in the ordinary course of business, and except for (i) easements, restrictions, exceptions, reservations or
defects which, in the aggregate, do not materially interfere with the continued use of such property or materially affect the value thereof to Gannett or its Subsidiaries, (ii) Liens, if any, for current taxes not delinquent, and (iii) Liens
reflected on such consolidated balance sheet or not otherwise prohibited by Section 6.1. As of the Effective Date, Gannett and its Subsidiaries enjoy peaceful and undisturbed possession of their properties which are held under lease and all such
leases are in good standing and valid and binding obligations of the lessors in full force and effect, except for exceptions, reservations or defects which in the aggregate do not materially interfere with the continued use of such property or
materially affect the value thereof to Gannett or its Subsidiaries. 

 26 
  

 Section 3.4 Litigation. There are no actions, suits, or proceedings pending or, to Gannett’s
knowledge, threatened against or affecting it or any Subsidiary in or before any court or foreign or domestic governmental instrumentality, and neither Gannett nor any Subsidiary is in default in respect of any order of any such court or
instrumentality which, in Gannett’s opinion, are Material. 
  
 Section 3.5 No Conflicts. Neither the execution and delivery of this Agreement, the consummation of the transactions herein contemplated, nor compliance with the terms and provisions hereof will conflict with or result in a breach of
any of the provisions of Gannett’s restated certificate of incorporation, as amended, or by-laws, as amended, or any law or regulation, or any order of any court or governmental instrumentality, or any agreement or instrument by which Gannett
is bound, or constitute a default thereunder, or result in the imposition of any Lien not permitted under this Agreement upon any of Gannett’s property. 
  
 Section 3.6 Taxes. To the best of Gannett’s knowledge, Gannett and its Subsidiaries have filed all tax returns which are required to be filed
by any jurisdiction, and have paid all taxes which have become due pursuant to said returns or pursuant to any assessments against it or its Subsidiaries, except to the extent only that such taxes are not material or are being contested in good
faith by appropriate proceedings. 
  
 Section 3.7
Authorization; Enforceability. The execution and delivery of this Agreement and the making of all Borrowings permitted by the provisions hereof have been duly authorized by all necessary corporate action on the part of Gannett; this Agreement
has been duly and validly executed and delivered by Gannett and constitutes Gannett’s valid and legally binding agreement enforceable in accordance with its terms; and the Borrowings when made, will constitute valid and binding obligations of
Gannett enforceable in accordance with the terms of this Agreement, except as limited by applicable bankruptcy, insolvency, moratorium, reorganization or other laws, judicial decisions or principles of equity relating to or affecting the enforcement
of creditors rights or contractual obligations generally. 
  
 Section 3.8 Environmental Matters. In the ordinary course of its business, Gannett becomes aware from time to time of the effect of Environmental Laws on its business, operations and properties and the business, operations and
properties of its Subsidiaries, and it identifies and evaluates associated liabilities and costs (including, without limitation, any capital or operating expenditures required for clean-up or closure of properties then owned or operated by Gannett
or its Subsidiaries, any capital or operating expenditures required to achieve or maintain compliance with environmental protection standards imposed by law or as a condition of any license, permit or contract, any related constraints on operating
activities, including any periodic or permanent shutdown of any facility or reduction in the level of or change in the nature of operations conducted at such properties, and any actual or potential liabilities to third parties, including employees,
and any related costs and expenses). On the basis of these evaluations, Gannett has reasonably concluded that Environmental Laws are unlikely to have a Material Adverse Effect. 
  
 Section 3.9 No Change. Since December 28, 2003, there has been no development or event that has had or would have a
Material Adverse Effect. 

 27 
  

 Section 3.10 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of
credit hereunder, will be used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or for any
purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, Gannett will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U. 
  
 Section 3.11 No Default. Neither Gannett nor any of its Subsidiaries is in default under or with respect to any of its Contractual Obligations in any respect that would have a Material Adverse Effect.

  
 Section 3.12 Investment Company Act; Federal
Regulations. Gannet is not an “investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
  
 ARTICLE IV 
  
 Conditions 
  
 The obligation of each Lender to make a Loan hereunder is subject to the accuracy, as of the date hereof, of the representations and warranties herein
contained and to the satisfaction of the following further conditions: 
  
 (a) The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Agents and Gannett and (ii) an Addendum, executed and delivered by each Lender listed on Schedule 1.1. 
  
 (b) On the date of each Borrowing (i) no Default or Event of Default shall
have occurred and be continuing and (ii) the representations and warranties contained in Sections 3.1, 3.5 and 3.7 shall be true and correct in all material respects on and as of such date as if made on and as of such date. 
  
 (c) On or prior to the date of the first Borrowing hereunder, there shall
have been delivered to each Lender an opinion from Nixon Peabody LLP, counsel to Gannett, in substantially the form of Exhibit F hereto. In rendering the foregoing opinion, such counsel may rely upon certificates of officers of Gannett and its
Subsidiaries as to factual matters, including (i) the nature and location of the property of Gannett and of its Subsidiaries, (ii) agreements and instruments to which Gannett and/or its Subsidiaries are a party, and (iii) the conduct of the business
of Gannett and its Subsidiaries. 
  
 (d) On or prior to the date
of the first Borrowing hereunder, there shall have been delivered to each Lender a certificate of the Secretary of Gannett certifying, as of the date of the Agreement, to resolutions duly adopted by the Board of Directors of Gannett or a duly
authorized committee thereof authorizing Gannett’s execution and delivery of this Agreement and the making of the Borrowings. 

 28 
  

 (e) Prior to or simultaneously with the Effective Date, Gannett shall have terminated the “364-Day
Facility” under and as defined in its Competitive Advance and Revolving Credit Agreement, dated as of February 27, 2004 and effective as of March 15, 2004, and paid in full all amounts (including, without limitation, interest and fees), if any,
owing thereunder. 
  
 ARTICLE V 
  
 Affirmative Covenants. 
  
 Until the Commitments have expired or been terminated and the principal of
and interest on each Loan and all fees payable hereunder shall have been paid in full, Gannett covenants and agrees with the Lenders that it shall and shall cause each of its Subsidiaries to: 
  
 Section 5.1 Financial Statements and Other Information. Furnish to
the Administrative Agent and the Lenders: 
  
 (a)
within 60 days after the end of each of the first three quarterly periods in each fiscal year, its consolidated statements of income for such quarterly period and for the period from the beginning of the fiscal year to the end of such quarterly
period and its consolidated balance sheet at the end of that period, all in reasonable detail, subject, however, to year-end audit adjustments, together with a certificate of compliance and no default in substantially the form of Exhibit G hereto
certified by an appropriate financial officer of Gannett; 
  
 (b) within 120 days after and as of the close of each fiscal year, Gannett’s Annual Report to shareholders for such fiscal year, containing copies of its consolidated income statement, consolidated balance sheet
and changes in shareholders’ equity and cash flows for such fiscal year accompanied by a report by PricewaterhouseCoopers LLP or some other accounting firm of national reputation selected by Gannett, based on their examination of such financial
statements, which examination shall have been conducted in accordance with generally accepted auditing standards and which report shall indicate that the financial statements have been prepared in accordance with GAAP, together with a certificate of
compliance and no default in substantially the form of Exhibit G hereto, certified by an appropriate financial officer of Gannett; 
  
 (c) promptly upon their becoming available, copies of all regular and periodic financial reports, if any, which Gannett or any of its
Subsidiaries shall file with the Securities and Exchange Commission or with any securities exchange; 
  
 (d) promptly upon their becoming available, copies of all prospectuses of Gannett and all reports, proxy statements and financial
statements mailed by Gannett to its shareholders generally; and 
  
 (e) such other information respecting the financial condition and affairs of Gannett and its subsidiaries as any of the Lenders may from time to time reasonably request. 

 29 
  

 The financial statements of Gannett and its Subsidiaries hereafter delivered to the Lenders pursuant to
this Section 5.1 will fairly set forth the financial condition of Gannett and its Subsidiaries as of the dates thereof, and the results of Gannett’s and its Subsidiaries’ operations for the respective periods stated therein, all in
accordance with GAAP. 
  
 Section 5.2 Payment of
Obligations. Duly pay and discharge all (i) material obligations when due and (ii) taxes, assessments and governmental charges of which Gannett has knowledge assessed against it or against its properties prior to the date on which penalties are
attached thereto, unless and only to the extent that such obligations, taxes, assessments or charters are not material or shall be contested in good faith by appropriate proceedings initiated by Gannett. 
  
 Section 5.3 Books and Records; Inspection Rights. (a) Keep proper
books of records and account in which true and correct entries, in all material respects, are made of all dealings in relation to its business and activities and (b) permit any Lender, upon reasonable request, to inspect at all reasonable times its
properties, operations and books of account. 
  
 Section 5.4
Notices of Material Events. Promptly give notice to the Administrative Agent and each Lender of: 
  
 (a) the occurrence of any Default or Event of Default; 
  
 (b) any (i) default or event of default under any Contractual Obligation of Gannett or any of its
Subsidiaries or (ii) litigation, investigation or proceeding that may exist at any time between Gannett or any of its Subsidiaries and any Governmental Authority, that in either case, if not cured or if adversely determined, as the case may be,
would have a material adverse effect on (A) the business, assets, operations or condition, financial or otherwise, of Gannett and its Subsidiaries taken as a whole or (B) the validity or enforceability of this Agreement or the material rights or
remedies of the Administrative Agent and the Lenders hereunder; and 
  
 (c) any other development or event that has had or would have a Material Adverse Effect. 
  
 Each notice pursuant to this Section 5.4 shall be accompanied by a statement of an appropriate officer of Gannett setting forth details of the occurrence
referred to therein and stating what action it proposes to take with respect thereto. 
  
 Section 5.5 Existence; Conduct of Business. Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits, privileges and
franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation or other transaction permitted under Section 6.2. 
  
 Section 5.6 Maintenance of Properties; Insurance. (a) Keep and maintain all property material to the conduct of its
business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies
engaged in the same or similar businesses operating in the same or similar locations. 

 30 
  

 Section 5.7 Compliance with Laws. Comply with all laws, rules, regulations and orders of any
Governmental Authority applicable to it or its property, except where the failure to do so, individually or in the aggregate, would not have a material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of
Gannett and its Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or the material rights or remedies of the Administrative Agent and the Lenders hereunder. 
  
 Section 5.8 Debt Ratings. With respect to Gannett, use its reasonable
best efforts to maintain at all times a senior unsecured long-term debt rating from either S&P or Moody’s. 
  
 ARTICLE VI 
  
 Negative Covenants 
  
 Until the Commitments have
expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder have been paid in full, Gannett covenants and agrees with the Lenders that, it shall not, and shall not permit any of its Subsidiaries to,
directly or indirectly: 
  
 Section 6.1 Liens. Create,
incur, assume or permit to exist any Lien on any of its properties or assets now owned or hereafter acquired by it, without making provision satisfactory to the Lenders whereby the Lenders obtain an equal and ratable or prior Lien as security for
the payment of the Borrowings; or transfer any of its assets for the purpose of subjecting them to the payment of obligations prior in payment to any of its general creditors; or allow any liability of, or claims, or demands against it, or any of
its Subsidiaries, to exist for more than 30 days if the liability, claim or demand might by law be given any priority over those of its general creditors; provided, however, that none of the above shall prohibit Gannett or any
Subsidiary from creating or allowing any of the following to exist: 
  
 (a) Liens incurred after the date hereof covering any of Gannett’s or its Subsidiaries’ properties or assets; provided that the total principal amount of indebtedness of Gannett and its Subsidiaries
(on a consolidated basis) secured by all such Liens permitted under this Section 6.1(a) at any time outstanding shall not exceed 50% of Net Property, Plant and Equipment; 
  
 (b) leases of all types, whether or not such leases constitute leasebacks of property sold or transferred by
Gannett or any Subsidiary; 
  
 (c) pledges and
deposits securing the payment of workmen’s compensation or insurance premiums, good-faith deposits in connection with tenders, contracts (other than contracts for the payment of borrowed money) or leases, deposits to secure surety or appeal
bonds, liens, pledges or deposits in connection with contracts made with or at the request of the United States Government or any agency thereof, or pledges or deposits for similar purposes made in the ordinary course of business; 

 31 
  

 (d) liens securing taxes, assessments or governmental or other charges or claims for
labor, materials or supplies which are not delinquent or which are being contested in good faith by appropriate proceedings and liens, restrictions, easements, licenses on the use of property or minor irregularities in the title thereof, which do
not, in Gannett’s opinion, in the aggregate materially impair their use in Gannett’s and its Subsidiaries’ business; and 
  
 (e) Liens on the assets of any Person which becomes a Subsidiary of Gannett after the date of this Agreement to the extent that such liens
existed prior to the date of acquisition of such corporation by Gannett; provided that such Liens existed at the time such Person became a Subsidiary of Gannett and were not created in anticipation thereof. 
  
 Section 6.2 Fundamental Changes. Merge, consolidate, sell, lease,
transfer or otherwise dispose of all or substantially all of its assets, unless immediately after giving effect to such transaction, it shall be in compliance with Sections 6.1 and 6.3 hereof and, in the case of a merger or consolidation by Gannett,
Gannett shall be the survivor corporation. 
  
 Section 6.3
Shareholders’ Equity. Permit Gannett’s Total Shareholders’ Equity at any time to be less than $3,500,000,000. 
  
 ARTICLE VII 
  
 Events of Default 
  
 Section 7.1 Events of Default. The following are Events of Default: 
  
 (a) Gannett shall fail to pay when due in accordance with the terms hereof (i) any principal on any Loan and such failure shall have
continued for a period of three Business Days or (ii) any interest on any Loan, or any other amount payable hereunder, and such failure shall have continued for a period of five Business Days. 
  
 (b) Gannett shall (A) default in any payment of principal or
of interest on any other obligation for borrowed money in excess of $50,000,000 beyond any grace period provided with respect thereto, or (B) default in the performance of any other agreement, term or condition contained in any agreement under which
any such obligation is created, if the effect of such default is to cause such obligation to be accelerated or become due prior to its stated maturity. 
  
 (c) Any representation or warranty herein made by Gannett, or any certificate or financial statement furnished by Gannett pursuant to the
provisions hereof, shall prove to have been false or misleading in any material respect as of the time made or furnished and Gannett shall fail to take corrective measures satisfactory to the Required Lenders within 30 days after notice thereof to
Gannett from any Lender or the Administrative Agent or by Gannett to the Administrative Agent. 
  
 (d) Gannett shall default in the performance of any other covenant, condition or provision hereof and such default shall not be remedied
to the satisfaction of the Required Lenders within a period of 30 days after notice thereof to Gannett from any Lender or the Administrative Agent or by Gannett to the Administrative Agent. 

 32 
  

 (e) Gannett or any Subsidiary with more than $100,000,000 in revenue in the preceding
fiscal year (other than Gannett Satellite Information Network, Inc.) shall (A) apply for or consent to the appointment of a receiver, trustee, or liquidator of Gannett, (B) make a general assignment for the benefit of creditors, or (C) file a
voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or take advantage of any insolvency law or an answer admitting the material allegations of a petition filed against Gannett in any
bankruptcy, reorganization or insolvency proceeding, or corporate action shall be taken by Gannett for the purpose of affecting any of the foregoing. 
  
 (f) An order, judgment or decree shall be entered, without the application, approval or consent of Gannett, by any court of competent
jurisdiction, approving a petition seeking reorganization of Gannett or appointing a receiver, trustee or liquidator of Gannett or of all or a substantial part of the assets of Gannett, and such order, judgment or decree shall continue unstayed and
in effect for any period of ninety (90) consecutive days. 
  
 (g) One or more final, non-appealable judgments for the payment of money in an aggregate amount in excess of $100,000,000 shall be rendered against Gannett, any Subsidiary or any combination thereof, and the same
shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed or bonded. 
  
 Section 7.2 Remedies. If an Event of Default shall occur and be continuing: 
  
 (a) If an Event of Default specified in Section 7.1(e) or (f) shall occur and be continuing, automatically
the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement shall immediately become due and payable. 
  
 (b) If an Event of Default other than those specified in Section 7.1(e) or (f) shall occur and be
continuing, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to Gannett, declare
Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent
shall, by notice to Gannett, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement to be due and payable forthwith, whereupon the same shall immediately become due and payable. 
  
 (c) Except as expressly provided above in this Article,
presentment, demand, protest and all other notices of any kind are hereby expressly waived by Gannett. 
  
  

 33 
  

 (d) Any Lender giving any notice to Gannett under this Article 7 shall simultaneously
give like notice to the Administrative Agent. 
  
 ARTICLE VIII

  
 The Administrative Agent 
  
 Section 8.1 Appointment. Each Lender hereby irrevocably designates and
appoints the Administrative Agent as the agent of such Lender under this Agreement, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and
to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the
contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against the Administrative Agent. 
  
 Section 8.2 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement by or through agents or
attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys in-fact selected by it with
reasonable care. 
  
 Section 8.3 Exculpatory Provisions.
Neither the Administrative Agent nor any of its respective officers, directors, employees, agents, attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection
with this Agreement (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or
(ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by Gannett or any officer thereof contained in this Agreement or in any certificate, report, statement or other document referred
to or provided for in, or received by the Administrative Agent under or in connection with, this Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or for any failure of Gannett to
perform its obligations hereunder or thereunder. The Administrative Agent shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this
Agreement, or to inspect the properties, books or records of Gannett. 
  
 Section 8.4 Reliance by Administrative Agent. The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter,
telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel
(including counsel to Gannett), independent accountants and other 

 34 
  

 experts selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any promissory
note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take
any action under this Agreement unless it shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the
Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under
this Agreement in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future
holders of the Loans. 
  
 Section 8.5 Notice of Default.
The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or Gannett referring to this Agreement, describing such
Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative
Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative
Agent shall have received such directions, the Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best
interests of the Lenders. 
  
 Section 8.6 Non-Reliance on
Administrative Agent and Other Lenders. Each Lender expressly acknowledges that neither the Administrative Agent nor any of its respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or
warranties to it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of a Gannett or any affiliate of Gannett, shall be deemed to constitute any representation or warranty by the Administrative Agent to
any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own
appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness of Gannett and its affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender
also represents that it will, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of
Gannett and its affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any
Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of Gannett or any affiliate of Gannett that may come into the possession of the
Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or affiliates. 

 35 
  

 Section 8.7 Indemnification. The Lenders agree to indemnify the Administrative Agent in its
capacity as such (to the extent not reimbursed by Gannett and without limiting the obligation of Gannett to do so), ratably according to their respective Aggregate Commitment Percentages in effect on the date on which indemnification is sought under
this Section (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Aggregate Commitment Percentages immediately prior to such
date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be
imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of, the Commitments, this Agreement or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby
or thereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful
misconduct. The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 
  
 Section 8.8 Agent in Its Individual Capacity. The Administrative Agent and its affiliates may make loans to, accept deposits from and generally
engage in any kind of business with Gannett as though the Administrative Agent were not the Administrative Agent. With respect to its Loans made or renewed by it, the Administrative Agent shall have the same rights and powers under this Agreement as
any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity. 
  
 Section 8.9 Successor Administrative Agent. The Administrative Agent
may resign as Administrative Agent upon 15 Business Days’ notice to the Lenders and Gannett. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then (a) so long as an Event of Default under Section 7.1(a),
7.1(e) or 7.1(f) with respect to Gannett shall not have occurred and be continuing, Gannett shall appoint from among the Lenders a successor agent for the Lenders, which successor agent shall be subject to approval by the Required Lenders (which
approval shall not be unreasonably withheld, conditioned or delayed) and (b) if an Event of Default under Section 7.1(a), 7.1(e) or 7.1(f) with respect to Gannett shall have occurred and be continuing, the Required Lenders shall appoint from among
the Lenders a successor agent for the Lenders, whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon
such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the
parties to this Agreement or any holders of the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 15 Business Days following a retiring 

 36 
  

 Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall
nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders appoint a successor agent as provided for above. After any
retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this Article 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.

  
 Section 8.10 Syndication Agent and Documentation Agent.
Notwithstanding any provision to the contrary elsewhere in this Agreement, neither the Syndication Agent nor the Documentation Agent shall have any duties or responsibilities hereunder, or any fiduciary relationship with any Lender, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or otherwise exist against either the Syndication Agent or the Documentation Agent. 
  
 ARTICLE IX 
  
 Miscellaneous 
  
 Section 9.1 Amendments and Waivers. Neither this Agreement nor any terms hereof may be amended, supplemented or modified except in accordance with
the provisions of this Section 9.1. The Required Lenders and Gannett may, or, with the written consent of the Required Lenders, the Administrative Agent and Gannett may, from time to time, (a) enter into written amendments, supplements or
modifications hereto for the purpose of adding any provisions to this Agreement or changing in any manner the rights of the Lenders or of Gannett hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the
Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or any Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment,
supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any Loan, extend the scheduled date of any amortization payment in respect of any Loan, reduce the stated rate of any interest or fee
payable hereunder (except (x) in connection with the waiver of applicability of any post-default increase in interest rates, which waiver shall be effective with the consent of the Required Lenders and (y) that any amendment or modification of
defined terms used in the financial covenants in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, in each case without the written
consent of each Lender directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section 9.1 or extend or increase the Commitment of any Lender, in each case without the written consent of such Lender; (iii)
reduce any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by Gannett of any of its rights and obligations under this Agreement, in each case without the written consent of all Lenders; (iv) amend,
modify or waive any provision of Article 8 without the written consent of the Administrative Agent and any other Agent affected thereby; or (v) amend, modify or waive any provision of Section 2.13(a) or (b) without the written consent of each Lender
directly affected thereby. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders and shall be binding on Gannett, the Lenders, the Administrative Agent and all future holders of the Loans. In
the case 

 37 
  

 of any waiver, Gannett, the Lenders and the Administrative Agent shall be restored to their former position and rights
hereunder, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 
  
 For the avoidance of doubt, this Agreement may be amended (or amended and
restated) with the written consent of the Required Lenders, the Administrative Agent and Gannett (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder
and the accrued interest and fees in respect thereof (collectively, the “Additional Extensions of Credit”) to share ratably in the benefits of this Agreement with the Loans and the accrued interest and fees in respect thereof and
(b) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders. 
  
 Section 9.2 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by
telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received,
addressed as follows in the case of Gannett and the Administrative Agent, and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by
the respective parties hereto: 
  

			
	Gannett:	  	7950 Jones Branch Drive
	 	  	McLean, VA 22107
	 	  	Attention: Vice President & Treasurer
	 	  	Telecopy: 703-854-2047
	 	  	Telephone: 703-854-6248
		
	The Administrative Agent:	  	Bank of America, N.A.
	 	  	335 Madison Avenue
	 	  	New York, NY 10017
	 	  	Attention: Steven R. Gazzillo
	 	  	Telecopy: 704-409-0912
	 	  	Telephone: 212-503-8328
		
	 	  	With a copy to:
		
	 	  	Bank of America, N.A.
	 	  	335 Madison Avenue, 5th Floor
	 	  	New York, NY 10017
	 	  	Attention: Thomas Kane
	 	  	Telecopy: 212-503-7173
	 	  	Telephone: 212-503-7980

  
 provided that any notice,
request or demand to or upon the Administrative Agent or the Lenders shall not be effective until received. 

 38 
  

 Section 9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on
the part of the Administrative Agent or any Lender, any right, remedy, power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or
further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

  
 Section 9.4 Survival of Representations and Warranties.
All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and the making of the Loans and other
extensions of credit hereunder. 
  
 Section 9.5 Payment of
Expenses and Taxes. (a) Gannett agrees (i) to pay or reimburse the Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment,
supplement or modification to, this Agreement and any other documents prepared in connection herewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees and disbursements of
counsel to the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to Gannett prior to the Effective Date (in the case of amounts to be paid on the Effective Date) and from
time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (ii) to pay or reimburse each Lender and the Administrative Agent for all its reasonable costs and expenses incurred in
connection with the enforcement of any rights under this Agreement and any such other documents, including the reasonable fees and disbursements of counsel to each Lender and of counsel to the Administrative Agent, and (iii) to pay, indemnify, and
hold each Lender and the Administrative Agent and their respective officers, directors, employees, affiliates, agents and controlling persons (each, an “Indemnitee”) harmless from and against any and all other liabilities,
obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement, performance and administration of this Agreement and any such
other documents, including any of the foregoing relating to the use of proceeds of the Loans and the reasonable fees and expenses of legal counsel in connection with claims, actions or proceedings by any Indemnitee against Gannett under this
Agreement (all the foregoing in this clause (d), collectively, the “Indemnified Liabilities”), provided, that Gannett shall have no obligation hereunder to any Indemnitee with respect to Indemnified Liabilities to the extent
such Indemnified Liabilities have resulted from the gross negligence or willful misconduct of such Indemnitee. All amounts due under this Section 9.5(a) shall be payable not later than 10 days after written demand therefor. 
  
 (b) Notwithstanding anything to the contrary in Section 9.5(a), (i) Gannett
shall have no such obligation for costs and expenses if Gannett prevails or successfully defeats any enforcement or collection proceedings; and (ii) if, by final adjudication in any proceeding not involving Gannett’s bankruptcy, reorganization
or insolvency, the Lenders receive less relief than claimed, Gannett’s obligation for costs and expenses shall be limited proportionately to the relief granted to the Lenders. 

 39 
  

 (c) Gannett agrees to pay, indemnify, and hold each Lender and the Administrative Agent harmless from,
any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, that may be payable or determined to be payable in connection with the execution and
delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement and any such other documents. 
  
 (d) If Gannett is required to commence proceedings against any Lender to
enforce its Commitment, the Lender will pay Gannett’s reasonable costs and expenses (including attorneys’ fees) if Gannett succeeds, or a share of such reasonable costs and expenses proportionate to Gannett’s recovery if Gannett is
only partially successful. 
  
 (e) The agreements in this Section
9.5 shall survive repayment of the Loans and all other amounts payable hereunder. 
  
 Section 9.6 Successors and Assigns; Participations and Assignments. (a) This Agreement shall be binding upon and inure to the benefit of Gannett, the Lenders, the Administrative Agent, all future holders of the
Loans and their respective successors and assigns, except that Gannett may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender. 
  
 (b) Any Lender other than any Conduit Lender may, without the consent of
Gannett or the Administrative Agent, in accordance with applicable law, at any time sell to one or more banks, financial institutions or other entities (each, a “Participant”) participating interests in any Loan owing to such
Lender, any Commitment of such Lender or any other interest of such Lender hereunder. In the event of any such sale by a Lender of a participating interest to a Participant, such Lender’s obligations under this Agreement to the other parties to
this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Loan for all purposes under this Agreement, and Gannett and the Administrative Agent
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. In no event shall any Participant under any such participation have any right to approve any amendment or
waiver of any provision of this Agreement, or any consent to any departure by Gannett therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Loans or any fees payable hereunder, or
postpone the date of the final maturity of the Loans, in each case to the extent subject to such participation. Gannett agrees that if amounts outstanding under this Agreement and the Loans are due or unpaid, or shall have been declared or shall
have become due and payable upon the occurrence of an Event of Default, each Participant shall, to the maximum extent permitted by applicable law, be deemed to have the right of setoff in respect of its participating interest in amounts owing under
this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement, provided that, in purchasing such participating interest, such Participant shall be deemed to have
agreed to share with the Lenders the proceeds thereof as provided in Section 9.7(a) as fully as if it were a Lender hereunder. Gannett also agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15 and 2.16 with respect
to its participation in the Commitments and the Loans 

 40 
  

 outstanding from time to time as if it was a Lender; provided that, in the case of Section 2.15, such Participant
shall have complied with the requirements of said Section and provided, further, that no Participant shall be entitled to receive any greater amount pursuant to any such Section than the transferor Lender would have been entitled to
receive in respect of the amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred. 
  
 (c) Any Lender other than any Conduit Lender (an “Assignor”) may, in accordance with applicable law, at any time and from time to time
assign to any Lender or, with the consent of Gannett and the Administrative Agent (which, in each case, shall not be unreasonably withheld, delayed or conditioned; it being understood that (i) the Administrative Agent and each Lender effecting an
assignment to any Person other than a Lender should notify Gannett as promptly as possible of any request for assignment and Gannett, in turn, should promptly consider such request for assignment; and (ii) Gannett’s consent shall not be
considered to be unreasonably withheld, delayed or conditioned if Gannett withholds, delays or conditions its consent because, among other factors, it is concerned about a potential Assignee’s capital adequacy, liquidity or ability to perform
its obligations under this Agreement), to any Lender Affiliate, an additional bank, financial institution or other entity (an “Assignee”) all or any part of its rights and obligations under this Agreement pursuant to an Assignment
and Acceptance, executed by such Assignee, such Assignor and any other Person whose consent is required pursuant to this paragraph, and delivered to the Administrative Agent for its acceptance and recording in the Register; provided that,
unless otherwise agreed by Gannett and the Administrative Agent, no such assignment to an Assignee (other than any Lender or any Lender Affiliate) shall be in an aggregate principal amount of less than $10,000,000, in each case except in the case of
an assignment of all of a Lender’s interests under this Agreement. For purposes of the proviso contained in the preceding sentence, the amount described therein shall be aggregated in respect of each Lender and its Lender Affiliates, if any.
Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and Acceptance, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and
Acceptance, have the rights and obligations of a Lender hereunder with a Commitment and/or Loans as set forth therein, and (y) the Assignor thereunder shall, to the extent provided in such Assignment and Acceptance, be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering all of an Assignor’s rights and obligations under this Agreement, such Assignor shall cease to be a party hereto). Notwithstanding any provision of this Section
9.6, the consent of Gannett shall not be required for any assignment that occurs when an Event of Default shall have occurred and be continuing. Notwithstanding the foregoing, any Conduit Lender may assign at any time to its designating Lender
hereunder without the consent of Gannett or the Administrative Agent any or all of the Loans it may have funded hereunder and pursuant to its designation agreement and without regard to the limitations set forth in the first sentence of this Section
9.6(c). 
  
 (d) The Administrative Agent shall, on behalf of
Gannett, maintain at its address referred to in Section 9.2 a copy of each Assignment and Acceptance delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment
of, and the principal amount of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and Gannett, the Administrative Agent and the Lenders shall treat each Person whose
name is recorded in the 

 41 
  

 Register as the owner of the Loans and any promissory notes evidencing the Loans recorded therein for all purposes of
this Agreement. Any assignment of any Loan, whether or not evidenced by a promissory note, shall be effective only upon appropriate entries with respect thereto being made in the Register. Any assignment or transfer of all or part of a Loan
evidenced by a promissory note shall be registered on the Register only upon surrender for registration of assignment or transfer of the promissory note evidencing such Loan, accompanied by a duly executed Assignment and Acceptance, and thereupon
one or more new promissory notes shall be issued to the designated Assignee. 
  
 (e) Upon its receipt of an Assignment and Acceptance executed by an Assignor, an Assignee and any other Person whose consent is required by Section 9.6(c), together with payment to the Administrative Agent of a
registration and processing fee of $3,500 (except that no such registration and processing fee shall be payable in the case of an Assignee which is a Lender Affiliate of the relevant Assignor), the Administrative Agent shall (i) promptly accept such
Assignment and Acceptance and (ii) record the information contained therein in the Register on the effective date determined pursuant thereto. 
  
 (f) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section 9.6 concerning assignments relate only to
absolute assignments and that such provisions do not prohibit assignments creating security interests, including any pledge or assignment by a Lender to secure obligations to a Federal Reserve Bank in accordance with applicable law; provided
that no such pledge or assignment shall release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
  
 (g) Gannett, upon receipt of written notice from the relevant Lender, agrees to issue a promissory note to any Lender
requiring such a note to facilitate transactions of the type described in paragraph (f) above. 
  
 (h) Each of Gannett, each Lender and the Administrative Agent hereby confirms that it will not institute against a Conduit Lender or join any other Person in instituting against a Conduit Lender any bankruptcy,
reorganization, arrangement, insolvency or liquidation proceeding under any state bankruptcy or similar law, for one year and one day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender;
provided, however, that each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding
against such Conduit Lender. 
  
 Section 9.7 Adjustments;
Set-off. (a) Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender, if any Lender (a “Benefited Lender”) shall, at any time after the Loans and other amounts payable
hereunder shall immediately become due and payable pursuant to Section 7.2, receive any payment of all or part of the obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant
to events or proceedings of the nature referred to in Section 7.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the obligations owing to such other Lender, such
Benefited Lender shall purchase for cash from the other Lenders a participating interest in such portion of 

 42 
  

 the obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such
collateral, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or
benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 
  
 (b) In addition to any rights and remedies of the Lenders provided by law,
each Lender shall have the right, without prior notice to Gannett, any such notice being expressly waived by Gannett to the extent permitted by applicable law, upon any amount becoming due and payable by Gannett hereunder (whether at the stated
maturity, by acceleration or otherwise), to set off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any
currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of Gannett, as the case may be. Each Lender
agrees promptly to notify Gannett and the Administrative Agent after any such setoff and application made by such Lender, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

 
 Section 9.8 Counterparts. This Agreement may be executed by one or
more of the parties to this Agreement on any number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by
facsimile transmission shall be effective as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with Gannett and the Administrative Agent. 
  
 Section 9.9 Severability. Any provision of this Agreement that is
prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
  
 Section 9.10 Integration. This Agreement represents the entire agreement of Gannett, the Administrative Agent and the Lenders with respect to the
subject matter hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein. 
  
 Section 9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND
OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 43 
  

 Section 9.12 Submission To Jurisdiction; Waivers. Gannett hereby irrevocably and unconditionally:

  
 (a) submits for itself and its property in
any legal action or proceeding relating to this Agreement, or for recognition and enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for
the Southern District of New York, and appellate courts from any thereof; 
  
 (b) consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such
action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
  
 (c) agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified
mail (or any substantially similar form of mail), postage prepaid, to Gannett at its address set forth in Section 9.2 or at such other address of which the Administrative Agent shall have been notified pursuant thereto; and 
  
 (d) agrees that nothing herein shall affect the right to
effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
  
 Section 9.13 Acknowledgements. Gannett hereby acknowledges that: 
  
 (a) it has been advised by counsel in the negotiation, execution and delivery of this Agreement; 

 
 (b) neither the Administrative Agent nor any Lender has
any fiduciary relationship with or duty to Gannett arising out of or in connection with this Agreement, and the relationship between Administrative Agent and Lenders, on one hand, and Gannett, on the other hand, in connection herewith or therewith
is solely that of debtor and creditor; and 
  
 (c) no joint venture is created hereby or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among Gannett and the Lenders. 
  
 Section 9.14 Confidentiality. Each of the Administrative Agent and each Lender agrees to keep confidential all
non-public information provided to it by Gannett pursuant to this Agreement; provided that nothing herein shall prevent the Administrative Agent or any Lender from disclosing any such information (a) to the Administrative Agent, any other
Lender or any Lender Affiliate subject to this Section 9.14, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective Transferee or any direct or indirect counterparty to any Hedge Agreement (or any
professional advisor to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors or those of any of its affiliates, provided that such Persons to whom disclosure is made will be
informed of the confidential nature of such information and instructed to keep such information confidential, (d) upon the request or demand of any Governmental Authority or in response to any order of any court or other Governmental Authority, upon
prior written notice to Gannett to the extent reasonably practicable, (e) to the extent required by any Requirement of Law (other 

 44 
  

 than as provided in clause (d) above) or in connection with any litigation or similar proceeding, provided that
Gannett shall be promptly notified, to the extent reasonably practicable, prior to any such disclosure so that Gannett may contest such disclosure or seek confidential treatment thereof, (f) that has been publicly disclosed, (g) to any nationally
recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, or (h) in connection with the exercise of any remedy hereunder. 
  
 Section 9.15 USA PATRIOT Act. Each Lender hereby notifies Gannett that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies Gannett, which information includes
the name and address of Gannett and other information that will allow such Lender to identify Gannett in accordance with the Act. 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

			
	GANNETT CO., INC.
		
	 By:
	 	 /s/ Michael A. Hart

	 Name:
	 	 Michael A. Hart

	 Title:
	 	 Vice President & Treasurer

	
	BANK OF AMERICA, N.A., as Administrative Agent
		
	 By:
	 	 /s/ Thomas J. Kane

	 Name:
	 	 Thomas J. Kane

	 Title:
	 	 Senior Vice President

	
	JPMORGAN CHASE BANK, N.A., as Syndication Agent
		
	 By:
	 	 /s/ David M. Mallett

	 Name:
	 	 David M. Mallett

	 Title:
	 	 Vice President

	
	BARCLAYS BANK PLC, as Documentation Agent
		
	 By:
	 	 /s/ Jonathan Burn

	 Name:
	 	 Jonathan Burn

	 Title:
	 	 Director

  
 December 2004
Competitive Advance and Revolving Credit Agreement Signature Page 
  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 PNC BANK, National Association

		
	 By:
	 	 /s/ Denise D. Killen

	 Name:
	 	 Denise D. Killen

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 THE BANK OF NEW YORK

		
	 By:
	 	 /s/ Michael E. Masters

	 Name:
	 	Michael E. Masters
	 Title:
	 	 Vice President

  
 Dated as of December 10, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 BARCLAYS BANK PLC

		
	 By:
	 	 /s/ David Barton

	 Name:
	 	 David Barton

	 Title:
	 	Manager

  
 Dated as of December 10, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 JPMORGAN CHASE BANK, NA

		
	 By:
	 	 /s/ David M. Mallett

	 Name:
	 	 David M. Mallett

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 THE NORTHERN TRUST

		
	 By:
	 	 /s/ Forrest Vollrath

	 Name:
	 	 Forrest Vollrath

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 SUNTRUST BANK

		
	 By:
	 	 /s/ Thomas C. Palmer

	 Name:
	 	 Thomas C. Palmer

	 Title:
	 	 Managing Director

  
 Dated as of December 10, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	ASSOCIATED BANK, NATIONAL ASSOCIATION
		
	 By:
	 	 /s/ Thomas M. Toerpe

	 Name:
	 	 Thomas M. Toerpe

	 Title:
	 	 Vice President, Corporate Banking

  
 Dated as of December 10, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	BANK OF TOKYO-MITSUBISHI TRUST COMPANY
		
	 By:
	 	 /s/ Karen Ossolinski

	 Name:
	 	 Karen Ossolinski

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 UFJ BANK LIMITED

		
	 By:
	 	 /s/ John T. Feeney

	 Name:
	 	 John T. Feeney

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 STANDARD FEDERAL BANK, N.A.

		
	 By:
	 	 /s/ Jason W. Bierlein

	 Name:
	 	 Jason W. Bierlein

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 BANK OF HAWAII

		
	 By:
	 	 /s/ Luke Yeh

	 Name:
	 	 Luke Yeh

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 MELLON BANK, N.A.

		
	 By:
	 	 /s/ William M. Feathers

	 Name:
	 	 William M. Feathers

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 WACHOVIA BANK, N.A.

		
	 By:
	 	 /s/ John Brady

	 Name:
	 	 John Brady

	 Title:
	 	 Director

  
 Dated as of December 10, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	HIBERNIA NATIONAL BANK
		
	 By:
	 	 /s/ Rick Larsen

	 Name:
	 	 Rick Larsen

	 Title:
	 	 Vice President

  
 Dated as of December 10, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 FIFTH THIRD BANK

		
	 By:
	 	 /s/ David C. Melin

	 Name:
	 	 David C. Melin

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 HSBC BANK USA N.A.

		
	 By:
	 	 /s/ Darren Pinsker

	 Name:
	 	 Darren Pinsker

	 Title:
	 	 Senior Vice President

  
 Dated as of December 10, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 LLOYDS TSB BANK PLC

		
	 By:
	 	 /s/ Windsor R. Davies

	 Name:
	 	 Windsor R. Davies

	 Title:
	 	 Director, Corporate Banking, USA D061

		
	 By:
	 	 /s/ Deborah Carlson

	 Name:
	 	 Deborah Carlson

	 Title:
	 	 VP & Manager - Business

	 	 	 Development Corporate Banking C103

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 WELLS FARGO BANK, National Association

		
	 By:
	 	 /s/ Lori A. Ross

	 Name:
	 	 Lori A. Ross

	 Title:
	 	 Vice President

  
 Dated as of December 10, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	 CITIBANK N.A.

		
	 By:
	 	 /s/ Catalina Satz

	 Name:
	 	 Catalina Satz

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	SUMITOMO MITSUI BANKING CORPORATION
		
	 By:
	 	 /s/ Leo E. Pagarigan

	 Name:
	 	 Leo E. Pagarigan

	 Title:
	 	 Senior Vice President

  
 Dated as of December 10, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	KEYBANK NATIONAL ASSOCIATION
		
	 By:
	 	 /s/ Francis W. Lutz, Jr.

	 Name:
	 	 Francis W. Lutz, Jr.

	 Title:
	 	 Vice President

  
 Dated as of December 10, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	FIRST HAWAIIAN BANK
		
	 By:
	 	 /s/ Alan H. Arizumi

	 Name:
	 	 Alan H. Arizumi

	 Title:
	 	 Senior Vice President

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	BANK OF AMERICA, N.A.
		
	 By:
	 	 /s/ Thomas J. Kane

	 Name:
	 	 Thomas J. Kane

	 Title:
	 	 Senior Vice President

  
 Dated as of December 13, 2004

  
  

 COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i) agrees to all of the
provisions of the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms
defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such
amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	U.S. BANK NATIONAL ASSOCIATION
		
	 By:
	 	 /s/ John Franceschi

	 Name:
	 	 John Franceschi

	 Title:
	 	 Vice President

  
 Dated as of December 13, 2004

  
  

 SCHEDULE 1.1 to 
 CREDIT AGREEMENT 
  
 Commitments 
  

				
	 Lenders

	  	 Five-Year
 Commitment

	 Bank of America, N.A.
	  	$	80,000,000
	 JPMorgan Chase Bank, N.A.
	  	 	80,000,000
	 Barclays Bank PLC
	  	 	50,000,000
	 HSBC Bank USA N.A.
	  	 	12,500,000
	 Citibank N.A.
	  	 	35,000,000
	 Wachovia Bank, N.A.
	  	 	25,000,000
	 Lloyds TSB Bank, plc
	  	 	62,500,000
	 Wells Fargo Bank, National Association
	  	 	21,875,000
	 SunTrust Bank
	  	 	56,250,000
	 The Northern Trust
	  	 	12,500,000
	 Bank of Tokyo-Mitsubishi Trust Company
	  	 	25,000,000
	 Sumitomo Mitsui Banking Corporation
	  	 	50,000,000
	 UFJ Bank Limited
	  	 	25,000,000
	 U.S. Bank National Association
	  	 	15,625,000
	 Fifth Third Bank
	  	 	13,750,000
	 Bank of Hawaii
	  	 	6,250,000
	 First Hawaiian Bank
	  	 	15,000,000
	 KeyBank National Association
	  	 	25,000,000
	 PNC Bank, National Association
	  	 	25,000,000
	 The Bank of New York
	  	 	18,750,000
	 Mellon Bank, N.A.
	  	 	3,125,000
	 Associated Bank, National Association
	  	 	15,000,000
	 Hibernia National Bank
	  	 	10,000,000
	 Standard Federal Bank, N.A.
	  	 	8,750,000
	 	  	
	

	 Total
	  	$	691,875,000

  
  

 EXHIBIT A to the 
 CREDIT AGREEMENT 
 FORM OF ADDENDUM 
  
 The undersigned (i) agrees to all of the provisions of the Competitive Advance and Revolving Credit Agreement, dated as of
December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined),
among Gannett Co., Inc., the lenders parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a
party thereto, as a Lender, with a Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement.

  

			
	
 (NAME OF LENDER)

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 Dated as of December
    , 2004 
  
  

 EXHIBIT B to the 
 CREDIT AGREEMENT 
 FORM OF ASSIGNMENT AND ACCEPTANCE 
  
 Reference is made to the Competitive Advance and Revolving Credit Agreement,
dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless
otherwise defined), among Gannett Co., Inc., a Delaware corporation (“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America,
N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent. 
  
 The Assignor identified on Schedule l hereto (the “Assignor”) and the Assignee identified on Schedule l hereto (the
“Assignee”) agree as follows: 
  
 1. The
Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases and assumes from the Assignor without recourse to the Assignor, as of the Effective Date (as defined
below), the interest described in Schedule 1 hereto (the “Assigned Interest”) in and to the Assignor’s rights and obligations under the Credit Agreement with respect to those credit facilities contained in the Credit
Agreement as are 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. 
  
 2. The Assignor (a) makes no representation or
warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Credit Agreement or with respect to the execution, legality, validity, enforceability, genuineness, sufficiency or
value of the Credit Agreement or any other instrument or document furnished pursuant thereto, other than that the Assignor 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; and (b) makes no representation or warranty and assumes no responsibility with respect to the financial condition of Gannett, any of its Subsidiaries or any other obligor or the performance or observance by Gannett, any of
its Subsidiaries or any other obligor of any of their respective obligations under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto. 
  
 3. The Assignee (a) represents and warrants that it is legally authorized to enter into this Assignment and Acceptance; (b)
confirms that it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant thereto, and such other documents and information as it has deemed appropriate to make its own credit
analysis and decision to enter into this Assignment and Acceptance; (c) agrees that it will, independently and without reliance upon the Assignor, the Administrative Agent or any other 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 Credit Agreement 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 Credit Agreement 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 Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of
the Credit Agreement are required to be performed by it as a Lender. 
  
 4. The effective date of this Assignment and Acceptance shall be the Effective Date of Assignment described in Schedule 1 hereto (the “Effective Date”). Following the execution of this Assignment and
Acceptance, it will be delivered to the Administrative Agent and to Gannett for their 

 2 
  

 
consent (if such consent is required) and, if such consent is granted, for acceptance and recording by the Administrative Agent pursuant to the Credit
Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five Business Days after the date of such acceptance and recording by the Administrative Agent). IN THE
CASE OF ASSIGNMENTS TO AN ASSIGNEE OTHER THAN AN EXISTING LENDER, THE ASSIGNOR AND ASSIGNEE HEREBY ACKNOWLEDGE THAT THIS ASSIGNMENT SHALL NOT BE EFFECTIVE UNTIL CONSENT FOR SUCH ASSIGNMENT IS GRANTED BY GANNETT AND THIS ASSIGNMENT IS SIGNED BY EACH
OF GANNETT AND THE ADMINISTRATIVE AGENT; PROVIDED THAT THE CONSENT AND SIGNATURE OF GANNETT IS NOT REQUIRED IF AN EVENT OF DEFAULT SHALL HAVE OCCURRED AND BE CONTINUING. 
  
 5. Upon such consent, acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all
payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such amounts have accrued prior to or on or after the Effective Date. The Assignor and the Assignee shall make
all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between themselves. 
  
 6. From and after the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided
in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be
released from its obligations under the Credit Agreement. 
  
 7.
This Assignment and Acceptance shall be governed by and construed in accordance with the laws of the State of New York. 

 3 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be executed as of
the date first above written by their respective duly authorized officers on Schedule 1 hereto. 
  
  

 4 
  

 Schedule 1 
  

						
	 Facility Assigned

	  	Principal Amount
Assigned

	  	 Percentage Assigned of Facility
 (set forth, to at least 8 decimals,
as a percentage of the aggregate
Facility)

	 Five-Year Facility:
	  	$	 	  	%
	 Incremental Facility:
	  	 	 	  	 

  
 Effective Date of Assignment:
                 ,          
  

			
	 [Name of Assignor], as Assignor

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 
	
	 [Name of Assignee], as Assignee

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
 The undersigned hereby consent
to the within assignment: 
  

							
	 GANNETT CO., INC.
	  	 BANK OF AMERICA, N.A., as

	 	 	 	  	 Administrative Agent

				
	 By:
	 	  

	  	 By:
	 	  

	 Name:
	 	 	  	 Name:
	 	 
	 Title:
	 	 	  	 Title:
	 	 

 EXHIBIT C-1 to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPETITIVE BID REQUEST 
  
 Bank of America, N.A., as Administrative 

Agent for the Lenders referred to below 
 335 Madison Avenue 
 New York, NY 10017 
  
             ,      
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 The undersigned, Gannett Co., Inc. (“Gannett”), refers to the Competitive Advance and Revolving Credit Agreement, dated as of December
13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among
Gannett, the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays
Bank PLC, as Documentation Agent. Gannett hereby gives you notice pursuant to subsection 2.3(b) of the Credit Agreement that it requests a Competitive Loan under the Credit Agreement, and in that connection sets forth below the terms on which such
Competitive Loan is requested to be made: 
  

					
	(A)	  	Facility under which Competitive Borrowing is to be made	  	  
 ___________________________

			
	(B)	  	Borrowing Date	  	  
 ___________________________

			
	(C)	  	Principal Amount of Competitive Borrowing1	  	  
 ___________________________

			
	(D)	  	Interest rate basis2	  	  
 ___________________________

			
	(E)	  	Interest Period and the last day thereof3	  	  
 ___________________________

  

	1	Not less than $10,000,000 (and in integral multiples of $1,000,000 in excess thereof) or greater than the excess, if any, of the aggregate Five-Year Commitments or
Incremental Facility Commitments, as applicable, over the aggregate principal amount of all Five-Year Loans or Incremental Loans, as applicable, outstanding immediately prior to the making of such requested Competitive Borrowing.

	2	Eurodollar Competitive Loan or Fixed Rate Loan. 

	3	Which shall be subject to the definition of “Interest Period” and end on or before the Five-Year Termination Date or Incremental Facility Maturity Date, as
applicable. 

 2 
  

			
	Very truly yours,
	
	 GANNETT CO., INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

 EXHIBIT C-2 to the 
 CREDIT AGREEMENT 
  
 FORM OF
INVITATION FOR COMPETITIVE BIDS 
  
 [Name of Lender] 
 [Address] 
  
             ,      
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 Reference is made to the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc. (“Gannett”), the several banks and other financial institutions or entities from time to time
parties thereto, Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agents. Gannett made a Competitive Bid Request on
            ,     , pursuant to subsection 2.3(b) of the Credit Agreement, and in that connection you are invited to submit a Competitive Bid by
[Date]/[Time].4 Your Competitive Bid must comply with subsection 2.3(d) of the Credit Agreement and the terms set forth below on which the Competitive Bid Request was made: 
  

					
	(A)	  	Facility under which Competitive Borrowing is to be made	  	  
 ___________________________

	(B)	  	Borrowing Date	  	  
 ___________________________

	(C)	  	Principal Amount of Competitive Borrowing	  	  
 ___________________________

	(D)	  	Interest rate basis5	  	  
 ___________________________

	(E)	  	Interest Period and the last day thereof6	  	  
 ___________________________

  

			
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

	4	The Competitive Bid must be received by the Administrative Agent (i) in the case of Eurodollar Competitive Loans, not later than 9:30 A.M. (Dallas, TX time) three
Business Days prior to the proposed Borrowing Date, and (ii) in the case of Fixed Rate Loans, not later than 9:30 A.M. (Dallas, TX time) on the proposed Borrowing Date. 

	5	Eurodollar Competitive Loan or Fixed Rate Loan. 

	6	Which shall be subject to the definition of “Interest Period” and end on or before the Five-Year Termination Date or Incremental Facility Maturity Date, as
applicable. 

 EXHIBIT C-3 to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPETITIVE BID 
  
 Bank of America, N.A., as Administrative 
 Agent for the Lenders referred to below 
 335 Madison Avenue 
 New York, NY 10017 
  
             ,      
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 The undersigned, [Name of Lender], refers to the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc.
(“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agents. The undersigned hereby makes a Competitive Bid pursuant to subsection 2.3(d) of the Credit Agreement, in response to the Competitive Bid Request made by Gannett on
            ,     , and in that connection sets forth below the terms on which such Competitive Bid is made: 
  

					
	(A)	  	Facility under which Competitive Borrowing is to be made	  	  
 ___________________________

	(B)	  	Borrowing Date	  	  
 ___________________________

	(C)	  	Principal Amount1	  	  
 ___________________________

	(D)	  	Competitive Bid Rate2	  	  
 ___________________________

	(E)	  	Interest Period and the last day thereof	  	  
 ___________________________

	1	Not less than $5,000,000 or greater than the requested Competitive Borrowing and in integral multiples of $1,000,000 and may be subject to limitation as to the
maximum aggregate principal amount of Competitive Loans for which offers made by such quoting Lender may be accepted. Up to five separate offers may be included with respect to each Interest Period. 

	2	i.e., Eurodollar Rate + or - __%, in the case of Eurodollar Competitive Loans or __%, in the case of Fixed Rate Loans, in each case specified in
increments of 1/10,000th of 1%. 

 2 
  

 The undersigned hereby confirms that the above offer(s) are irrevocable and that it is prepared, subject
to the conditions set forth in the Credit Agreement, to extend credit to Gannett upon acceptance by Gannett of this bid in accordance with subsection 2.3(f) of the Credit Agreement. 
  

			
	 Very truly yours,

	
	 [NAME OF LENDER]

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
  

 EXHIBIT C-4 to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPETITIVE BID ACCEPT/REJECT LETTER 
  
             ,      
  
 Bank of America, N.A., as Administrative 
 Agent for the Lenders referred to
below 
 335 Madison Avenue 
 New York, NY 10017 
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 The undersigned, Gannett Co., Inc. (“Gannett”), refers to the Competitive Advance and Revolving Credit Agreement, dated as of December
13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among
Gannett, the several banks and other financial institutions or entities from time to time parties thereto, Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation
Agent. 
  
 In accordance with subsection 2.3(e) of the Credit
Agreement, we have received a summary of bids in connection with our Competitive Bid Request dated             ,      and in accordance with subsection
2.3(f) of the Credit Agreement, we hereby accept the following bids: 
  

							
	Principal Amount

	 	Fixed Rate/Margin

	 	Maturity Date

	 	Lender

	$	 	[%]/[+/-.__%]	 	 	 	 

  
 We hereby reject the following bids:

  

							
	Principal Amount

	 	Fixed Rate/Margin

	 	Maturity Date

	 	Lender

	$	 	[%]/[+/-.__%]	 	 	 	 

  
 The $
             should be deposited in Bank of America, N.A. account number [            ] on [date]. 

 2 
  

 Upon acceptance of any or all of the Loans offered by the Lenders in response to this request, Gannett
shall be deemed to have represented and warranted that the conditions to lending specified in Article IV of the Credit Agreement have been satisfied. 
  

			
	 Very truly yours,

	
	 GANNETT CO., INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
  

 EXHIBIT D-1 to the 
 CREDIT AGREEMENT 
  
 FORM OF
NEW LENDER SUPPLEMENT 
  
 SUPPLEMENT, dated
                    , to the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5,
2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation
(“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documentation Agent. 
  
 W I T N E S S E T H : 
  
 WHEREAS, the Credit Agreement
provides in Section 2.1(e) thereof that any bank, financial institution or other entity may become a party to the Credit Agreement in connection with any transaction described in Section 2.1(d) thereof with the consent of Gannett and the
Administrative Agent (which consent, in the case of the Administrative Agent, shall not be unreasonably withheld) by executing and delivering to Gannett and the Administrative Agent a supplement to the Credit Agreement in substantially the form of
this Supplement; and 
  
 WHEREAS, the undersigned now desires to
become a party to the Credit Agreement; 
  
 NOW, THEREFORE, the
undersigned hereby agrees as follows: 
  
 1. The
undersigned agrees to be bound by the provisions of the Credit Agreement, and agrees that it shall, on the date this Supplement is accepted by Gannett and the Administrative Agent, become a Lender for all purposes of the Credit Agreement to the same
extent as if originally a party thereto, with [Five-Year Commitments of $            ] [Incremental Facility Commitments of
$            ]. 
  
 2. The undersigned (a) represents and warrants that it is legally authorized to enter into this Supplement; (b) confirms that it has
received a copy of the Credit Agreement, together with copies of the financial statements referred to in Section 3.2 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter
into this Supplement; (c) agrees that it has made and will, independently and without reliance upon the Administrative Agent or any other 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 Credit Agreement or any 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 Credit Agreement or any 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 Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender
including, without limitation, if it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 2.15(d) of the Credit Agreement. 
  
 3. The undersigned’s address for notices for the purposes of the Credit Agreement is as follows:

  
 ___________________________ 
  
 ___________________________ 
  
 ___________________________ 

 2 
  

 IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed and delivered by a duly
authorized officer on the date first above written. 
  

			
	 [INSERT NAME OF LENDER]

		
	 By:
	 	  

	 Title:
	 	 

  
 Accepted this
     day of 
             ,     .

  

			
	 GANNETT CO., INC.

		
	 By
	 	  

	 Title:
	 	 

  
 Accepted this
     day of 
             ,     .

  

			
	 BANK OF AMERICA, N.A.,

	 as Administrative Agent

		
	 By
	 	  

	 Title:
	 	 

 EXHIBIT D-2 to the 
 CREDIT AGREEMENT 
  
 FORM OF
INCREMENTAL FACILITY ACTIVATION NOTICE 
  

	To:	BANK OF AMERICA, N.A., 

 as Administrative Agent under the
Credit Agreement referred to below 
  
 Reference is hereby made to
the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined
therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation (“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto
(the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent. 
  
 This notice is an Incremental Facility Activation Notice referred to in the Credit Agreement, and Gannett and each of the
Lenders party hereto hereby notify you that: 
  

	 	1.	Each Lender party hereto agrees to make or increase the amount of its [Five-Year Commitment] [Incremental Facility Commitment] as set forth opposite such Lender’s name below
under the caption “Incremental Facility Amount”. 

  

	 	2.	The Incremental Facility Closing Date is             . 

  

	 	[3.	The Incremental Facility Maturity Date is             .] 

  

					
	 	 	GANNETT CO., INC.
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
		
	Incremental Facility Amount	 	[NAME OF LENDER]
			
	$	 	 	 	 
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

  
 CONSENTED TO: 
  
 BANK OF AMERICA, N.A., 
 as Administrative Agent 
  

			
	 By
	 	  

	 Name:
	 	 
	 Title:
	 	 

  
  

 EXHIBIT E to the 
 CREDIT AGREEMENT 
  
 FORM
OF EXEMPTION CERTIFICATE 
  
 Reference is made to the Competitive
Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used
herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation (“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto, Bank of America,
N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent. [Name of Non-U.S. Person] (the “Lender”) is providing this certificate pursuant to subsection 2.15(d) of
the Credit Agreement. The Lender hereby represents and warrants that: 
  
 1. The Lender is the sole record and beneficial owner of the Loans in respect of which it is providing this certificate. 
  
 2. The Lender is not a “bank” for purposes of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the
“Code”). In this regard, the Lender represents and warrants that: 
  
 (a) the Lender is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and 
  
 (b) the Lender has not been treated as a bank for purposes of any tax, securities law or other filing or submission made to any governmental authority,
any application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements. 
  
 3. The Lender meets all of the requirements under Code Section 871(a) or 881(c) to be eligible for a complete exemption from withholding of taxes on
interest payments made to it under the Credit Agreement (i.e., Gannett will not be required to withhold any amounts under U.S. tax law with respect to such interest payments), including without limitation that it is not a 10-percent shareholder
(within the meaning of Section 871(h)(3)(B) of the Code) of Gannett and is not a controlled foreign corporation related to Gannett (within the meaning of Section 864(d)(4) of the Code). 
  
 4. The Lender shall promptly notify Gannett and the Administrative Agent if any of the representations and warranties made
herein are no longer true and correct. 
  
 IN WITNESS WHEREOF, the
undersigned has duly executed this certificate as of the      day of                     ,
        . 
  

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
  

 EXHIBIT F to the 
 CREDIT AGREEMENT 
  
 FORM
OF OPINION OF NIXON PEABODY LLP 
  
 [Letterhead of Nixon Peabody
LLP] 
  
                                        
                 [DATE] 
  
 To the Lenders parties to the Competitive Advance 
 and Revolving Credit Agreement dated as of 
 December 13, 2004 and effective as of January 5, 2005, 
 among Gannett Co.,
Inc., the Lenders parties thereto. 
 Bank of America, N.A., as Administrative Agent, 
 JPMorgan Chase Bank, N.A., as Syndication Agent, and 
 Barclays Bank PLC, as Documentation Agent 
  
 Ladies and Gentlemen: 
  
 We are counsel to Gannett Co., Inc., a Delaware corporation (“Gannett”), and as such we are familiar with
the Competitive Advance and Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005, among Gannett, the several lenders from time to time parties thereto (the “Lenders”), Bank of America, N.A.,
as Administrative Agent (the “Administrative Agent”), JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent (the “Credit Agreement”). Capitalized terms defined in the Credit
Agreement are used herein with the respective meanings assigned to such terms in the Credit Agreement. 
  
 In connection with this opinion, we have examined, among other documents, an executed copy of the Credit Agreement and Gannett’s Restated Certificate
of Incorporation, as amended, and By-laws, as amended. Subject to the assumptions and qualifications contained herein, we also have examined originals or copies, certified or otherwise identified to our satisfaction, of such other documents, and
made such investigations of law, as we have deemed necessary or appropriate as a basis for the opinions expressed below. We also have relied upon certificates and other documents from public officials. 
  
 In rendering the following opinions, we have assumed, without investigation,
the authenticity of any document or other instrument submitted to us as an original, the conformity to the originals of any document or other instrument submitted to us as a copy, the legal capacity of natural persons, and the genuineness of all
signatures on such originals or copies. 
  
 We express no opinion
herein as to (i) any provisions of the Credit Agreement which provide for indemnification, waiver or release to the extent such provisions may be limited or rendered, unenforceable, in whole or in part, by securities laws, criminal statutes or other
laws or the policies underlying such laws and by the effect of general rules of contract law that limit the enforceability of provisions releasing, exculpating or exempting a party from, or requiring indemnification for liability for action or
inaction, to the extent the action or inaction involves gross negligence, recklessness, willful misconduct or unlawful conduct, or (ii) the waiver of inconvenient forum or any claim that venue is improper or provisions relating to subject matter
jurisdiction of the courts set forth in the Credit Agreement. 

 2 
  

 The phrase “to our knowledge,” when used herein, means that our opinion is based solely on
matters within the actual knowledge of attorneys in the firm who have been involved in the preparation of this opinion and the Credit Agreement. 
  
 Members of our firm involved in the preparation of this opinion are licensed to practice law in the State of New York and we do not purport to be experts
on, or to express any opinion herein concerning, any law other than the laws of the State of New York, the General Corporation Law of the State of Delaware and the Federal law of the United States. 
  
 Based upon and subject to the foregoing and the other assumptions and
qualifications contained herein, we are of the opinion that: 
  
 1. Gannett is a corporation duly organized, validly existing and in good standing under the laws of Delaware and is duly qualified to do business as a foreign corporation, and Gannett is in good standing in all states in which it owns
substantial properties or in which it conducts substantial business or in which qualification is necessary in order that the business or financial condition of Gannett and its Subsidiaries, taken as a whole, be not Materially adversely affected.

  
 2. To our knowledge, there are no actions, suits or
proceedings pending or threatened against or affecting Gannett or any of its Subsidiaries in or before any court or foreign or domestic government instrumentality, and neither Gannett nor any of its Subsidiaries is in default in respect of any order
of any such court or governmental instrumentality which, in any such case, in the opinion of Gannett, are Material. 
  
 3. Neither the execution and delivery of the Credit Agreement, the consummation of the transactions therein contemplated nor compliance with the terms and
provisions thereof will conflict with or result in breach of any of the provisions of the Restated Certificate of Incorporation, as amended, or the By-Laws, as amended, of Gannett or, to our knowledge and based on reasonable inquiries made of
corporate officers, of any law or of any regulation or order of any court or governmental instrumentality or any material agreement or instrument by which Gannett is bound or constitute a default thereunder or result in the creation or imposition of
any lien, charge or encumbrance of any nature whatsoever not permitted under Section 6.1 of the Credit Agreement upon any of the property of Gannett. 
  
 4. The execution and delivery of the Credit Agreement and the making of all Borrowings contemplated or permitted by the provisions thereof have been duly
authorized by all necessary corporate action on the part of Gannett; and the Credit Agreement has been duly and validly executed and delivered by Gannett. The Credit Agreement constitutes a valid and legally binding agreement of Gannett enforceable
in accordance with its terms and the Borrowings, when duly made, will constitute valid and legally binding obligations of Gannett enforceable in accordance with the terms thereof and of the Credit Agreement, except as limited by applicable
bankruptcy, insolvency, moratorium, reorganization or other laws, judicial decisions or principles of equity relating to or affecting the enforcement of creditors’ rights or contractual obligations generally. 
  
 In rendering the foregoing opinions, we have relied upon the certificates of
officers of Gannett as to factual matters, including (i) the nature and location of the property of Gannett, (ii) the agreements and instruments to which Gannett and/or its Subsidiaries is a party which are material, and (iii) the existence of
Material pending or threatened actions, suits or proceedings or orders of any court or governmental instrumentality and other information from such officers. We have not independently investigated or verified the information represented in such
certificates provided to us and do not opine as to the accuracy thereof. 
  
 Very truly yours, 

 EXHIBIT G to the 
 CREDIT AGREEMENT 
  
 FORM
OF COMPLIANCE CERTIFICATE 
  

			
	[Use for quarterly report]	  	The undersigned, an officer of Gannett Co., Inc. (“Gannett”), has executed this Certificate on behalf of Gannett pursuant to Section 5.1(a) of the Competitive Advance and
Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (the “Agreement”), among Gannett, the several banks and other financial institutions or entities from time to time parties thereto, Bank
of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agents. The undersigned has reviewed Gannett’s activities during the preceding fiscal quarter, which has
consisted solely of a review of the unaudited consolidated financial statements of Gannett for said fiscal quarter.
		
	[Use for annual report]	  	The undersigned, an officer of Gannett Co., Inc. (“Gannett”) has executed this Certificate on behalf of Gannett pursuant to Section 5.1(b) of the Competitive Advance and
Revolving Credit Agreement, dated as of December 13, 2004 and effective as of January 5, 2005 (the “Agreement”), among Gannett, the several banks and other financial institutions or entities from time to time parties thereto, Bank
of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agents. The undersigned has reviewed the activities of Gannett and its Subsidiaries during the preceding fiscal year,
which has consisted solely of a review of the audited consolidated financial statements of Gannett for said fiscal year.
		
	 [Use for quarterly and
 annual report]
	  	At              the Total Shareholders’ Equity is
            .

  
 The undersigned hereby
CERTIFIES THAT, based upon the review described above and a review of the Agreement, nothing came to the undersigned’s attention which caused the undersigned to believe that (i) Gannett has not fulfilled all of its obligations under the
Agreement or (ii) there has occurred an Event of Default as defined in said Agreement, or any condition, event or act, which with notice or lapse of time or both, would constitute an Event of Default, which has not been cured pursuant to the
provisions of the Agreement. 
  

			
	 GANNETT CO., INC.

		
	 By:
	 	  

	 Name:
	 	 
	 Title:EXHIBIT 10.17

 Exhibit 10.17 
  

  
 AMENDED AND RESTATED COMPETITIVE ADVANCE AND 
 REVOLVING CREDIT AGREEMENT 
  
 among 
  
 GANNETT CO., INC., 
  
 The Several Lenders 
 from Time to Time Parties
Hereto, 
  
 BANK OF AMERICA, N.A., 
 as Administrative Agent, 
  
 JPMORGAN CHASE BANK, N.A., 
 as Syndication
Agent, 
  
 and 
  
 BARCLAYS BANK PLC, 
 as Documentation Agent 
  
 Dated as of March 11, 2002 and effective as of March 18, 2002, 
 as amended and restated as of December 13,
2004 
 and effective as of January 5, 2004 
  

  
 BANC OF AMERICA SECURITIES
LLC 
 and 
 J.P. MORGAN SECURITIES
INC., 
 as Joint Lead Arrangers and Joint Bookrunners 

 TABLE OF CONTENTS 
  

							
	 	 	 	 	 	  	Page

	ARTICLE I Definitions	  	1
				
	 	 	Section 1.1	 	Defined Terms	  	1
	 	 	Section 1.2	 	Other Definitional Provisions.	  	12
		
	ARTICLE II Amount and Terms of the Facilities	  	12
				
	 	 	Section 2.1	 	Revolving Credit Commitments	  	12
	 	 	Section 2.2	 	Procedure for Revolving Credit Borrowing	  	13
	 	 	Section 2.3	 	Competitive Borrowings	  	14
	 	 	Section 2.4	 	Termination or Reduction of Commitments	  	16
	 	 	Section 2.5	 	Optional Prepayments	  	17
	 	 	Section 2.6	 	Conversion and Continuation Options	  	17
	 	 	Section 2.7	 	Minimum Amounts of Eurodollar Borrowings	  	18
	 	 	Section 2.8	 	Repayment of Loans; Evidence of Debt	  	18
	 	 	Section 2.9	 	Interest Rates and Payment Dates	  	18
	 	 	Section 2.10	 	Fees	  	19
	 	 	Section 2.11	 	Computation of Interest and Fees	  	20
	 	 	Section 2.12	 	Inability to Determine Interest Rate	  	20
	 	 	Section 2.13	 	Pro Rata Treatment and Payments	  	20
	 	 	Section 2.14	 	Requirements of Law	  	22
	 	 	Section 2.15	 	Taxes	  	23
	 	 	Section 2.16	 	Indemnity	  	24
	 	 	Section 2.17	 	Change of Lending Office	  	25
	 	 	Section 2.18	 	Replacement of Lenders	  	25
		
	ARTICLE III Representations and Warranties	  	26
				
	 	 	Section 3.1	 	Organization; Powers	  	26
	 	 	Section 3.2	 	Financial Condition; No Material Adverse Effect	  	26
	 	 	Section 3.3	 	Properties	  	26
	 	 	Section 3.4	 	Litigation	  	27
	 	 	Section 3.5	 	No Conflicts	  	27
	 	 	Section 3.6	 	Taxes	  	27
	 	 	Section 3.7	 	Authorization; Enforceability	  	27
	 	 	Section 3.8	 	Environmental Matters	  	27
	 	 	Section 3.9	 	No Change	  	27
	 	 	Section 3.10	 	Federal Regulations	  	28
	 	 	Section 3.11	 	No Default	  	28
	 	 	Section 3.12	 	Investment Company Act; Federal Regulations	  	28

  

 ii 

							
		
	ARTICLE IV Conditions	  	28
		
	ARTICLE V Affirmative Covenants.	  	29
				
	 	 	Section 5.1	 	Financial Statements and Other Information	  	29
	 	 	Section 5.2	 	Payment of Obligations	  	30
	 	 	Section 5.3	 	Books and Records; Inspection Rights	  	30
	 	 	Section 5.4	 	Notices of Material Events	  	30
	 	 	Section 5.5	 	Existence; Conduct of Business	  	30
	 	 	Section 5.6	 	Maintenance of Properties; Insurance	  	30
	 	 	Section 5.7	 	Compliance with Laws	  	30
	 	 	Section 5.8	 	Debt Ratings	  	31
		
	ARTICLE VI Negative Covenants	  	31
				
	 	 	Section 6.1	 	Liens	  	31
	 	 	Section 6.2	 	Fundamental Changes	  	32
	 	 	Section 6.3	 	Shareholders’ Equity	  	32
		
	ARTICLE VII Events of Default	  	32
				
	 	 	Section 7.1	 	Events of Default	  	32
	 	 	Section 7.2	 	Remedies	  	33
		
	ARTICLE VIII The Administrative Agent	  	34
				
	 	 	Section 8.1	 	Appointment	  	34
	 	 	Section 8.2	 	Delegation of Duties	  	34
	 	 	Section 8.3	 	Exculpatory Provisions	  	34
	 	 	Section 8.4	 	Reliance by Administrative Agent	  	34
	 	 	Section 8.5	 	Notice of Default	  	35
	 	 	Section 8.6	 	Non - Reliance on Administrative Agent and Other Lenders	  	35
	 	 	Section 8.7	 	Indemnification	  	36
	 	 	Section 8.8	 	Agent in Its Individual Capacity	  	36
	 	 	Section 8.9	 	Successor Administrative Agent	  	36
	 	 	Section 8.10	 	Syndication Agent and Documentation Agent	  	37
		
	ARTICLE IX Miscellaneous	  	37
				
	 	 	Section 9.1	 	Amendments and Waivers	  	37
	 	 	Section 9.2	 	Notices	  	38
	 	 	Section 9.3	 	No Waiver; Cumulative Remedies	  	38
	 	 	Section 9.4	 	Survival of Representations and Warranties	  	39
	 	 	Section 9.5	 	Payment of Expenses and Taxes	  	39
	 	 	Section 9.6	 	Successors and Assigns; Participations and Assignments	  	40
	 	 	Section 9.7	 	Adjustments; Set - off	  	42
	 	 	Section 9.8	 	Counterparts	  	43
	 	 	Section 9.9	 	Severability	  	43

  

 iii 

							
	 	 	Section 9.10	 	Integration	  	43
	 	 	Section 9.11	 	GOVERNING LAW	  	43
	 	 	Section 9.12	 	Submission To Jurisdiction; Waivers	  	43
	 	 	Section 9.13	 	Acknowledgements	  	44
	 	 	Section 9.14	 	Confidentiality	  	44
	 	 	Section 9.15	 	USA PATRIOT Act	  	45
	 	 	Section 9.16	 	No Novation, etc	  	45

  
  

 iv 

			
	SCHEDULES
		
	1.1	  	Commitments
	
	EXHIBITS
		
	A	  	    Form of Addendum
	B	  	    Form of Assignment and Acceptance
	C-1	  	    Form of Competitive Bid Request
	C-2	  	    Form of Invitation for Competitive Bids
	C-3	  	    Form of Competitive Bid
	C-4	  	    Form of Competitive Bid Accept/Reject Letter
	D-1	  	    Form of New Lender Supplement
	D-2	  	    Form of Incremental Facility Activation Notice
	E	  	    Form of Exemption Certificate
	F	  	    Form of Opinion of Nixon Peabody LLP
	G	  	    Form of Compliance Certificate

  

 v 

 AMENDED AND RESTATED COMPETITIVE ADVANCE AND REVOLVING CREDIT AGREEMENT, dated as of March 11, 2002 and
effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005, among GANNETT CO., INC., a Delaware corporation (“Gannett”), the several banks and other financial institutions
from time to time parties to this Agreement (the “Lenders”), BANK OF AMERICA, N.A., as administrative agent for the Lenders hereunder (in such capacity, the “Administrative Agent”), JPMORGAN CHASE BANK, N.A., as
syndication agent (the “Syndication Agent”), and BARCLAYS BANK PLC, as documentation agent (the “Documentation Agent”). 
  
 W I T N E S S E T H : 
  
 WHEREAS, Gannett entered into the Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002 (the
“Existing Credit Agreement”), among Gannett, the several banks and other financial institutions or entities party thereto and the agents named therein; 
  
 WHEREAS, the parties hereto have agreed to amend and restate the Existing Credit Agreement as provided in this Agreement,
which Agreement shall become effective upon the satisfaction of the conditions precedent set forth in Article IV hereof; and 
  
 WHEREAS, it is the intent of the parties hereto that this Agreement not constitute a novation of the obligations and liabilities existing under the
Existing Credit Agreement or evidence repayment of any of such obligations and liabilities and that this Agreement amend and restate in its entirety the Existing Credit Agreement and re-evidence the obligations of Gannett outstanding thereunder;

  
 NOW, THEREFORE, in consideration of the above premises, the
parties hereto hereby agree that on the Restatement Effective Date (as defined below), the Existing Credit Agreement shall be amended and restated in its entirety as follows: 
  
 ARTICLE I 
  
 Definitions 
  
 Section 1.1 Defined Terms. The following words and terms shall have the following meanings in this Agreement: 
  
 “ABR”: for any day, a rate per annum (rounded upwards, if
necessary, to the next 1/16 of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal Funds Effective Rate in effect on such day plus  1/2 of 1%. If for any reason the Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the
Federal Funds Effective Rate for any reason, the ABR shall be determined without regard to clause (b) of the first sentence of this definition until the circumstances giving rise to such inability no longer exist. Any change in the ABR due to a
change in the Prime Rate or the Federal Funds Effective Rate shall be effective as of the opening of business on the effective day of such change in the Prime Rate or the Federal Funds Effective Rate, respectively. 

 2 
  

 “ABR Loans”: Loans the rate of interest applicable to which is based upon the ABR.

  
 “Addendum”: an instrument, substantially in
the form of Exhibit A, by which a Lender becomes a party to this Agreement as of the Restatement Effective Date. 
  
 “Aggregate Commitment Percentage”: as to any Lender at any time, the percentage which such Lender’s Commitment then constitutes of
the aggregate Commitments (or, at any time after the Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender’s Loans then outstanding constitutes of the aggregate principal amount of the
Loans then outstanding). 
  
 “Agreement”: this
Amended and Restated Competitive Advance and Revolving Credit Agreement, as amended, supplemented or otherwise modified from time to time. 
  
 “Applicable Margin”: the appropriate rate per annum set forth in the table below opposite the applicable Facility: 
  

			
	 Credit Status

	 	 Five-Year Facility

	 Credit Status 1
	 	18.00 Basis Points
	 Credit Status 2
	 	17.00 Basis Points
	 Credit Status 3
	 	21.00 Basis Points
	 Credit Status 4
	 	37.50 Basis Points
	 Credit Status 5
	 	45.00 Basis Points
	 Credit Status 6
	 	50.00 Basis Points

 3 
  

 “Assignee”: as defined in Section 9.6(c). 
  
 “Assignment and Acceptance”: an Assignment and Acceptance,
substantially in the form of Exhibit B. 
  
 “Basis
Point”: 1/100th of one percent. 
  
 “Board”: the Board of Governors of the Federal Reserve System, or any successor thereto. 
  
 “Borrowing”: a group of Loans of a single Type made by the Lenders (or, in the case of a Competitive Borrowing, by the Lender or Lenders
whose Competitive Bids have been accepted pursuant to Section 2.3) on a single date and as to which a single Interest Period is in effect. 
  
 “Borrowing Date”: any Business Day specified by Gannett as a date on which Gannett requests the relevant Lenders to make Loans hereunder.

  
 “Business Day”: each Monday, Tuesday,
Wednesday, Thursday and Friday which is not a legal holiday for banks in Dallas, Texas or the State of New York; provided, that with respect to notices and determinations in connection with, and payments of principal and interest on,
Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in the interbank eurodollar market. 
  
 “Code”: the Internal Revenue Code of 1986, as amended from time to time. 
  
 “Commitment”: as to any Lender, the sum of its Five-Year Commitment and commitment under the Incremental
Facility, if any. 
  
 “Commitment Utilization
Percentage”: on any day, the percentage equivalent of a fraction (a) the numerator of which is the sum of the aggregate outstanding principal amount of all Loans and (b) the denominator of which is the Total Commitment (or, on any day after
termination of the Commitments under a Facility with outstanding Loans, the Total Commitment in effect immediately preceding such termination). 
  
 “Competitive Bid”: an offer by a Lender to make a Competitive Loan pursuant to Section 2.3. 

 4 
  

 “Competitive Bid Accept/Reject Letter”: a notification made by Gannett pursuant to
Section 2.3(f) in the form of Exhibit C-4. 
  
 “Competitive Bid Rate”: as to any Competitive Bid made by a Lender pursuant to Section 2.3, (i) in the case of a Eurodollar Competitive Loan, the Eurodollar Rate plus (or minus) the Margin, and (ii) in the case of a Fixed
Rate Loan, the fixed rate of interest offered by the Lender making such Competitive Bid. 
  
 “Competitive Bid Request”: a request made pursuant to Section 2.3(b) in the form of Exhibit C-1. 
  
 “Competitive Borrowing”: a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose
Competitive Bids for such Borrowing have been accepted by Gannett under the bidding procedure described in Section 2.3. 
  
 “Competitive Loan”: a Loan (which shall be a Eurodollar Competitive Loan or a Fixed Rate Loan) made by a Lender pursuant to the bidding
procedure described in Section 2.3. 
  
 “Conduit
Lender”: any special purpose corporation organized and administered by any Lender for the purpose of making Loans hereunder otherwise required to be made by such Lender and designated by such Lender in a written instrument, subject to the
consent of the Administrative Agent and Gannett; provided, that the designation by any Lender of a Conduit Lender shall not relieve the designating Lender of any of its obligations to fund a Loan under this Agreement if, for any reason, its
Conduit Lender fails to fund any such Loan, and the designating Lender (and not the Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this Agreement with respect to its
Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled to receive any greater amount pursuant to Section 2.14, 2.15, 2.16 or 9.5 than the designating Lender would have been entitled to receive in respect of
the extensions of credit made by such Conduit Lender or (b) be deemed to have any Commitment hereunder. 
  
 “Contractual Obligation”: as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other
undertaking to which such Person is a party or by which it or any of its property is bound. 
  
 “Credit Status”: any of Credit Status 1, Credit Status 2, Credit Status 3, Credit Status 4, Credit Status 5 or Credit Status 6. In determining whether Credit Status 1, Credit Status 2, Credit Status
3, Credit Status 4, Credit Status 5 or Credit Status 6 shall apply in any circumstance, if the applicable ratings by S&P and Moody’s differ, the higher of the two ratings will be determinative, unless the applicable ratings by S&P and
Moody’s are more than one level apart, in which case the Credit Status one level below the higher rating will be determinative. In the event that Gannett’s senior unsecured long-term debt is rated by only one of S&P and Moody’s,
then that single rating shall be determinative. 
  
 “Credit Status 1” shall exist upon the occurrence of the higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least A+ or a rating by Moody’s of Gannett’s senior unsecured
long-term debt of at least A1. 

 5 
  

 “Credit Status 2” shall exist upon the occurrence of the higher of a rating by S&P
of Gannett’s senior unsecured long-term debt of at least A but lower than A+ or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A2 but lower than A1. 
  
 “Credit Status 3” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least A- but lower than A or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least A3 but lower than A2. 
  
 “Credit Status 4” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least BBB+ but lower than A- or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least Baa1 but lower than A3. 
  
 “Credit Status 5” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of at least BBB but lower than BBB+ or a rating by Moody’s of Gannett’s senior unsecured long-term debt of at least Baa2 but lower than Baa1. 
  
 “Credit Status 6” shall exist upon the occurrence of the
higher of a rating by S&P of Gannett’s senior unsecured long-term debt of lower than BBB or a rating by Moody’s of Gannett’s senior unsecured long-term debt of lower than Baa2. 
  
 “Default”: any of the events specified in Section 7.1,
whether or not any requirement for the giving of notice, the lapse of time, or both, or any other condition, has been satisfied. 
  
 “Dollars” and “$”: dollars in lawful currency of the United States of America. 
  
 “Environmental Laws”: any and all federal, state, local and
foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions relating to the environment or to emissions, discharges or releases
of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise
relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes or the
clean-up or other remediation thereof. 
  
 “Eurocurrency
Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the maximum rates (expressed as a decimal fraction) of reserve requirements in effect on such day (including, without limitation,
basic, supplemental, marginal and emergency reserves under any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto) dealing with reserve requirements prescribed for eurocurrency funding (currently
referred to as “Eurocurrency liabilities” in Regulation D of the Board) maintained by a member bank of such System. 
  
 “Eurodollar Base Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the rate per annum
determined on the basis of the rate for deposits in Dollars for a period equal to such Interest Period commencing on the first day of such Interest Period as published by Reuters as the British Bankers Association LIBOR Rate (“BBA

 6 
  

 
LIBOR”) as of 11:00 A.M., London time, two Business Days prior to the beginning of such Interest Period. In the event that BBA LIBOR as published
by Reuters is unavailable, the “Eurodollar Base Rate” shall be determined by reference to such other comparable publicly available service for displaying eurodollar rates as may be selected by the Administrative Agent or, in the
absence of such availability, by reference to the rate at which the Administrative Agent is offered Dollar deposits at or about 11:00 A.M., Dallas, Texas time, two Business Days prior to the beginning of such Interest Period in the interbank
eurodollar market where its eurodollar and foreign currency and exchange operations are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein. 
  
 “Eurodollar Borrowing”: a Borrowing comprised of Eurodollar
Loans. 
  
 “Eurodollar Competitive Loan”: any
Competitive Loan bearing interest at a rate determined by reference to the Eurodollar Rate. 
  
 “Eurodollar Loan”: any Eurodollar Competitive Loan or Eurodollar Revolving Credit Loan. 
  
 “Eurodollar Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum determined for
such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%): 
  

	
	 Eurodollar Base Rate

	 1.00 - Eurocurrency Reserve Requirements

  
 “Eurodollar
Revolving Credit Loan”: any Five-Year Loan bearing interest at a rate determined by reference to the Eurodollar Rate. 
  
 “Event of Default”: any of the Events of Default specified in Section 7.1 of this Agreement. 
  
 “Excess Utilization Day”: each day on which the Commitment
Utilization Percentage exceeds 50%. 
  
 “Existing Credit
Agreement”: as defined in the recitals hereto. 
  
 “Facility”: each of the Five-Year Facility and the Incremental Facility. 
  
 “Federal Funds Effective Rate”: for any day, the weighted average of the rates on overnight federal funds transactions with members of
the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the
quotations for such day of such rates on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it. 
  
 “Five-Year Available Commitment”: as to any Five-Year Lender at any time, the excess, if any, of such
Five-Year Lender’s Five-Year Commitment over such Five-Year Lender’s Five-Year Loans. 

 7 
  

 “Five-Year Commitment”: as to any Lender, the obligation of such Lender, if any, to make
Five-Year Loans in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Five-Year Commitment” opposite such Lender’s name on Schedule 1.1 or in the Assignment and Acceptance or New Lender
Supplement pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. 
  
 “Five-Year Commitment Percentage”: as to any Five-Year Lender at any time, the percentage which such Five-Year Lender’s Five-Year
Commitment then constitutes of the aggregate Five-Year Commitments (or, at any time after the Five-Year Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Five-Year Lender’s Five-Year Loans
then outstanding constitutes of the aggregate principal amount of the Five-Year Loans then outstanding). 
  
 “Five-Year Commitment Period”: the period from and including the Restatement Effective Date to the Five-Year Termination Date.

  
 “Five-Year Competitive Loans”: Competitive
Loans made under the Five-Year Facility. 
  
 “Five-Year
Facility”: the Five-Year Commitments and the Loans made thereunder. 
  
 “Five-Year Lender”: each Lender that has a Five-Year Commitment or that holds Five-Year Loans. 
  
 “Five-Year Loans”: as defined in Section 2.1(b). 
  

“Five-Year Termination Date”: January 5, 2010. 
  
 “Fixed Rate Borrowing”: a Borrowing comprised of Fixed Rate Loans. 
  
 “Fixed Rate Loan”: any Competitive Loan bearing interest at
a fixed percentage rate per annum specified by the Lender making such Loan in its Competitive Bid. 
  
 “GAAP”: generally accepted accounting principles in the United States as in effect from time to time and consistent with those used in
the preparation of the most recent audited financial statements referred to in Section 3.2. In the event that any “Accounting Change” (as defined below) shall occur and such change results in a material change in the method of calculation
of financial covenants, standards or terms in this Agreement, then Gannett and the Administrative Agent agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Changes with the
desired result that the criteria for evaluating Gannett’s financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and
delivered by Gannett, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting
Changes” refers to changes in accounting principles required by the promulgation 

 8 
  

 
of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or,
if applicable, the Securities and Exchange Commission. 
  
 “Governmental Authority”: any nation or government, any state or other political subdivision thereof and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government. 
  
 “Incremental Facility Activation Notice”: a notice substantially in the form of Exhibit D-2. 
  
 “Incremental Facility”: as defined in Section 2.1(d).

  
 “Incremental Facility Closing Date”: any
Business Day designated as such in an Incremental Facility Activation Notice. 
  
 “Incremental Facility Commitment”: as to any Lender, the obligation of such Lender, if any, to make Incremental Loans in an aggregate principal amount not to exceed the amount set forth in the
applicable Incremental Facility Activation Notice or in the Assignment and Acceptance or New Lender Supplement pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof.

  
 “Incremental Facility Lenders”: (a) on any
Incremental Facility Closing Date relating to Incremental Loans, the Lenders signatory to the relevant Incremental Facility Activation Notice and (b) thereafter, each Lender that is a holder of an Incremental Loan. 
  
 “Incremental Facility Maturity Date”: with respect to the
Incremental Loans, the maturity date specified in such Incremental Facility Activation Notice, which date shall be a date at least six months after the final maturity of the Five-Year Loans. 
  
 “Incremental Loans”: as defined in Section 2.1(d).

  
 “Interest Payment Date”: (a) as to any ABR
Loan, the last day of each March, June, September and December to occur while such Loan is outstanding and on the date such Loan is paid in full, (b) as to any Eurodollar Loan or Fixed Rate Loan, the last day of the Interest Period applicable
thereto and (c) as to any Eurodollar Loan or Fixed Rate Loan having an Interest Period longer than three months or 90 days, as the case may be, each day which is three months or 90 days, respectively, after the first day of the Interest Period
applicable thereto; provided that, in addition to the foregoing, each of (x) the date upon which both the Commitments have been terminated and the Loans have been paid in full and (y) the Five-Year Termination Date shall be deemed to be an
“Interest Payment Date” with respect to any interest which is then accrued hereunder. 
  
 “Interest Period”: (a) with respect to any Eurodollar Loan: 
  

	 	(i)	 initially, the period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending one, 

 9 
  

	 	 
two, three or six (or if available to all the Lenders (or, in the case of Eurodollar Competitive Loans, the Lender making such Loans) nine) months
thereafter, as selected by Gannett in its notice of borrowing or notice of conversion, as the case may be, given with respect thereto; and 

  

	 	(ii)	thereafter, each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six (or if available to all
the Lenders (or, in the case of Eurodollar Competitive Loans, the Lender making such Loans) nine) months thereafter, as selected by Gannett by irrevocable notice to the Administrative Agent not less than three Business Days prior to the last day of
the then current Interest Period with respect thereto; and 

  

	 	(b)	with respect to any Fixed Rate Loan, the period commencing on the Borrowing Date with respect to such Fixed Rate Loan and ending such number of days thereafter (which shall be not
less than seven days or more than 360 days after the date of such borrowing) as selected by Gannett in its Competitive Bid Request given with respect thereto. 

  
 provided that all of the foregoing provisions relating to Interest Periods are subject to the following: 
  

	 	(A)	if any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of an
Interest Period pertaining to a Eurodollar Loan, the result of such extension would be to carry such Interest Period into another calendar month in which event such Interest Period shall end on the immediately preceding Business Day; and

  

	 	(B)	any Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of
such Interest Period) shall end on the last Business Day of a calendar month. 

  
 “Invitation for Competitive Bids”: an invitation made by Gannett pursuant to Section 2.3(c) in the form of Exhibit C-2. 
  
 “Lender Affiliate”: (a) any affiliate of any Lender, (b) any Person that is administered or managed by any
Lender and that is engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business and (c) with respect to any Lender which is a fund that invests in
commercial loans and similar extensions of credit, any other fund that invests in commercial loans and similar extensions of credit and is managed or advised by the same investment advisor as such Lender or by an affiliate of such Lender or
investment advisor. 
  
 “Lenders”: as defined in
the preamble hereto; provided, that unless the context otherwise requires, each reference herein to the Lenders shall be deemed to include any Conduit Lender. 

 10 
  

 “Lien”: any mortgage, pledge, hypothecation, assignment, deposit arrangement,
encumbrance, lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including any conditional sale or other title retention
agreement and any capital lease having substantially the same economic effect as any of the foregoing). 
  
 “Loan”: any loan made by any Lender pursuant to this Agreement. 
  
 “Margin”: as to any Eurodollar Competitive Loan, the margin to be added to or subtracted from the
Eurodollar Rate in order to determine the interest rate applicable to such Loan, as specified in the Competitive Bid relating to such Loan. 
  
 “Material”: when used to describe an adverse effect or an event on Gannett or its Subsidiaries, shall mean a condition, event or act
which, with the giving of notice or lapse of time or both, will constitute a Default or an Event of Default. 
  
 “Material Adverse Effect”: a Material adverse effect on (a) the business, assets, operations or condition, financial or otherwise, of
Gannett and its Subsidiaries taken as a whole or (b) the validity or enforceability of this Agreement or the material rights or remedies of the Administrative Agent and the Lenders hereunder. 
  
 “Moody’s”: Moody’s Investors Service, Inc. and its
successors; provided, however, that if Moody’s ceases rating securities similar to the senior unsecured long-term debt of Gannett and its ratings and business with respect to such securities shall not have been transferred to any
successor, then “Moody’s” shall mean any other nationally recognized rating agency (other than S&P) selected by Gannett and approved by the Administrative Agent (not to be unreasonably withheld or delayed) that rates any senior
unsecured long-term debt of Gannett. 
  
 “Net Property,
Plant and Equipment”: the amount under that heading on the consolidated balance sheet of Gannett and its Subsidiaries prepared in accordance with GAAP. 
  

“Non-Excluded Taxes”: as defined in Section 2.15(a). 
  
 “Non-U.S. Lender”: as defined in Section 2.15(d). 
  
 “Other Taxes”: any and all present or future stamp or
documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement. 
  
 “Participant”: as defined in Section 9.6(b). 
  
 “Person”: an individual, partnership, corporation, business
trust, joint stock company, trust, unincorporated association, joint venture, Governmental Authority or other entity of whatever nature. 
  
 “Prime Rate”: the rate of interest per annum publicly announced from time to time by Bank of America, N.A. as its prime rate in effect at
its principal office in Dallas, Texas (the Prime Rate not being intended to be the lowest rate of interest charged by Bank of America, N.A. in connection with extensions of credit to debtors). 

 11 
  

 “Register”: as defined in Section 9.6(d). 
  
 “Required Lenders”: at any time, the holders of more than
50% of the Total Commitments then in effect or, if the Commitments have been terminated, the Total Extensions of Credit then outstanding. 
  
 “Requirement of Law”: as to any Person, any law, treaty, rule or regulation or determination of an arbitrator or a court or other
Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 
  

“Restatement Effective Date”: the date identified by Gannett in a written notice to the Administrative Agent, which date shall be at
least one Business Day after receipt by the Administrative Agent of such notice and shall, in any case, occur no later than January 5, 2004. 
  
 “S&P”: Standard & Poor’s Corporation and its successors; provided, however, that if S&P ceases rating
securities similar to the senior unsecured long-term debt of Gannett and its ratings and business with respect to such securities shall not have been transferred to any successor, then “S&P” shall mean any other nationally recognized
rating agency (other than Moody’s) selected by Gannett and approved by the Administrative Agent (not to be unreasonably withheld or delayed) that rates any senior unsecured long-term debt of Gannett. 
  
 “Subsidiary”: any corporation the majority of the shares of
voting stock of which at any time outstanding is owned directly or indirectly by Gannett or by one or more of its other subsidiaries or by Gannett in conjunction with one or more of its other subsidiaries. 
  
 “Total Commitments”: at any time, the aggregate amount of
the Commitments then in effect. 
  
 “Total Extensions of
Credit”: at any time, the aggregate amount of all Loans of the Lenders outstanding at such time. 
  
 “Total Shareholders’ Equity”: the amount appearing under that heading on the consolidated balance sheet of Gannett and its
Subsidiaries, prepared in accordance with GAAP. 
  
 “Transferee”: any Assignee or Participant. 
  
 “Type”: as to any Five-Year Loan, its nature as an ABR Loan or a Eurodollar Loan, and as to any Competitive Loan, its nature as a Eurodollar Competitive Loan or a Fixed Rate Loan. 

 12 
  

 Section 1.2 Other Definitional Provisions. 
  
 (a) Unless otherwise specified therein, all terms defined in this Agreement
shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto. 
  
 (b) As used herein, and any certificate or other document made or delivered pursuant hereto, accounting terms relating to Gannett and its Subsidiaries not
defined in Section 1.1 and accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them under GAAP. 
  
 (c) The words “hereof”, “herein” and “hereunder” and words of similar import when used in this
Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, subsection, Schedule and Exhibit references are to this Agreement unless otherwise specified. 
  
 (d) The meanings given to terms defined herein shall be equally applicable to
both the singular and plural forms of such terms. 
  
 ARTICLE II

  
 Amount and Terms of the Facilities 
  
 Section 2.1 Revolving Credit Commitments. (a) [reserved] 

 
 (b) Subject to the terms and conditions hereof, each Five-Year Lender
severally agrees to make revolving credit loans (“Five-Year Loans”) to Gannett from time to time during the Five-Year Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the amount of
such Lender’s Five-Year Commitment. During the Five-Year Commitment Period, Gannett may use the Five-Year Commitments by borrowing, prepaying the Five-Year Loans in whole or in part, and reborrowing, all in accordance with the terms and
conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event (after giving effect to the use of proceeds of any Borrowing) shall (i) the amount of any Lender’s Five-Year Commitment Percentage multiplied
by the amount of a Borrowing of Five-Year Loans exceed such Lender’s Five-Year Available Commitment at the time of such Borrowing or (ii) the aggregate amount of Five-Year Loans and Five-Year Competitive Loans at any one time outstanding exceed
the aggregate Five-Year Commitments then in effect of all Lenders. 
  
 (c) The Five-Year Loans may from time to time be (i) Eurodollar Loans, (ii) ABR Loans or (iii) a combination thereof, as determined by Gannett and notified to the Administrative Agent in accordance with Sections 2.2 and 2.6; provided
that no Five-Year Loan shall be made as a Eurodollar Loan after the day that is one month prior to the Five-Year Termination Date. 
  
 (d) Gannett (upon receipt of requisite authorization from its Board of Directors) and any one or more Lenders (including New Lenders) may from time to
time agree that such Lenders shall (x) make available to Gannett an additional credit facility (the “Incremental Facility” and any loans thereunder, the “Incremental Loans”), which credit facility shall take the

 13 
  

 
form of a revolving credit facility which matures at least six months after the Five-Year Termination Date and/or (y) increase the amount of their Five-Year
Commitment, or (in the case of a New Lender) make available a Five-Year Commitment, in any such case by executing and delivering to the Administrative Agent an Incremental Facility Activation Notice specifying (i) the aggregate principal amount of
such increase and the Facility or Facilities involved, (ii) the applicable Incremental Facility Closing Date and (iii) in the case of the Incremental Facility, the Incremental Facility Maturity Date. Notwithstanding the foregoing, (i) the sum of
aggregate principal amount of the Incremental Facility Commitments and any increase in the Five-Year Commitments shall not exceed $1,000,000,000, (ii) no increase pursuant to this paragraph may be obtained after the occurrence and during the
continuation of a Default or Event of Default and (iii) any increase effected pursuant to this paragraph shall be in a minimum amount of at least $10,000,000. Any Incremental Facility shall be governed by this Agreement. No Lender shall have any
obligation to participate in any increase described in this paragraph unless it agrees to do so in its sole discretion. 
  
 (e) Any additional bank, financial institution or other entity which, with the consent of Gannett and the Administrative Agent (which consent shall not be
unreasonably withheld), elects to become a “Lender” under this Agreement in connection with any transaction described in Section 2.1(d) shall execute a New Lender Supplement (each, a “New Lender Supplement”), substantially
in the form of Exhibit D-1, whereupon such bank, financial institution or other entity (a “New Lender”) shall become a Lender for all purposes and to the same extent as if originally a party hereto and shall be bound by and entitled
to the benefits of this Agreement. 
  
 Section 2.2 Procedure
for Revolving Credit Borrowing. Gannett may borrow Five-Year Loans under the Commitments on any Business Day; provided that Gannett shall give the Administrative Agent irrevocable notice (which notice must be received by the Administrative Agent
prior to 11:00 A.M., Dallas, Texas time, (a) three Business Days prior to the requested Borrowing Date, if all or any part of the requested Five-Year Loans are to be Eurodollar Loans, or (b) on the requested Borrowing Date, otherwise), specifying
(i) the Facility under which the Borrowing is to be made, (ii) the amount to be borrowed, (iii) the requested Borrowing Date, (iv) whether the Borrowing is to be of Eurodollar Loans, ABR Loans or a combination thereof and (v) if the Borrowing is to
be entirely or partly of Eurodollar Loans, the respective amounts of each such Type of Loan and the respective lengths of the initial Interest Periods therefor. Any Loans made on the Restatement Effective Date shall be ABR Loans. Each Borrowing
under the Commitments shall be in an amount equal to $10,000,000 or a multiple of $1,000,000 in excess thereof. Upon receipt of any such notice from Gannett, the Administrative Agent shall promptly notify each relevant Lender thereof. Each relevant
Lender will make the amount of its pro rata share of each Borrowing available to the Administrative Agent for the account of Gannett at the office of the Administrative Agent specified in Section 9.2 prior to 1:00 P.M., Dallas, Texas time, on the
Borrowing Date requested by Gannett in funds immediately available to the Administrative Agent. Such Borrowing will then immediately be made available to Gannett by the Administrative Agent crediting the account of Gannett on the books of such
office with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in like funds as received by the Administrative Agent. 

 14 
  

 Section 2.3 Competitive Borrowings. 
  
 (a) The Competitive Bid Option. In addition to the Five-Year Loans that may be made available pursuant to Section
2.1, Gannett may, as set forth in this Section 2.3, request the Lenders to make offers to make Competitive Loans to Gannett. The Lenders may, but shall have no obligation to, make such offers, and Gannett may, but shall have no obligation to, accept
any such offers in the manner set forth in this Section 2.3. 
  
 (b) Competitive Bid Request. When Gannett wishes to request offers to make Competitive Loans under this Section 2.3, it shall transmit to the Administrative Agent a Competitive Bid Request to be received no later than 12:00 Noon
(Dallas, Texas time) on (x) the fourth Business Day prior to the Borrowing Date proposed therein, in the case of a Borrowing of Eurodollar Competitive Loans or (y) the Business Day immediately preceding the Borrowing Date proposed therein, in the
case of a Fixed Rate Borrowing, specifying: 
  
 (i) the Facility under which the Borrowing is to be made, 
  
 (ii) the proposed Borrowing Date, 
  
 (iii) the aggregate principal amount of such Borrowing, which shall be $10,000,000 or a multiple of $1,000,000 in excess thereof, 
  
 (iv) the duration of the Interest Period applicable thereto, subject to the provisions of the definition of
Interest Period contained in Section 1.1, and 
  
 (v) whether the Borrowing then being requested is to be of Eurodollar Competitive Loans or Fixed Rate Loans. 
  
 A Competitive Bid Request that does not conform substantially to the format of Exhibit C-1 may be rejected by the Administrative Agent in its sole discretion, and the
Administrative Agent shall promptly notify Gannett of such rejection. Gannett may request offers to make Competitive Loans for more than one Interest Period in a single Competitive Bid Request. No Competitive Bid Request shall be given within three
Business Days of any other Competitive Bid Request pursuant to which Gannett has made a Competitive Borrowing. 
  
 (c) Invitation for Competitive Bids. Promptly after its receipt of a Competitive Bid Request (but, in any event, no later than 3:00 P.M., Dallas,
Texas time, on the date of such receipt) conforming to the requirements of paragraph (b) above, the Administrative Agent shall send to each of the relevant Lenders an Invitation for Competitive Bids which shall constitute an invitation by Gannett to
each such Lender to bid, on the terms and conditions of this Agreement, to make Competitive Loans pursuant to the Competitive Bid Request. 
  
 (d) Submission and Contents of Competitive Bids. (i) Each Lender to which an Invitation for Competitive Bids is sent may submit a Competitive Bid
containing an offer or offers to make Competitive Loans in response to such Invitation for Competitive Bids. Each Competitive Bid must comply with the requirements of this paragraph (d) and must be submitted to the Administrative Agent at its
offices specified in Section 9.2 not later than (x) 9:30 A.M. (Dallas, Texas time) on the third Business Day prior to the proposed Borrowing Date, in the case of a Borrowing of Eurodollar Competitive Loans or (y) 9:30 A.M. (Dallas, Texas time) on
the date of the proposed Borrowing, in the case of a Fixed Rate Borrowing; provided that any 

 15 
  

 
Competitive Bids submitted by the Administrative Agent in the capacity of a Lender may only be submitted if the Administrative Agent notifies Gannett of the
terms of the offer or offers contained therein not later than fifteen minutes prior to the deadline for the other Lenders. A Competitive Bid submitted by a Lender pursuant to this paragraph (d) shall be irrevocable. 
  
 (ii) Each Competitive Bid shall be in substantially the form of Exhibit C-3
and shall specify: 
  
 (A) the date of the
proposed Borrowing and the Facility under which it is to be made, 
  
 (B) the principal amount of the Competitive Loan for which each such offer is being made, which principal amount (w) may be greater than, equal to or less than the Commitment of the quoting Lender, (x) must be in a
minimum principal amount of $5,000,000 or a multiple of $1,000,000 in excess thereof, (y) may not exceed the principal amount of Competitive Loans for which offers were requested and (z) may be subject to a limitation as to the maximum aggregate
principal amount of Competitive Loans for which offers being made by such quoting Lender may be accepted, 
  
 (C) in the case of a Borrowing of Eurodollar Competitive Loans, the Margin offered for each such Competitive Loan, expressed as a
percentage (specified in increments of 1/10,000th of 1%) to be added to or subtracted from such base rate, 
  
 (D) in the case of a Fixed Rate Borrowing, the rate of interest per annum (specified in increments of 1/10,000th of 1%) offered for each
such Competitive Loan, and 
  
 (E) the identity
of the quoting Lender. 
  
 A Competitive Bid may set forth up to five separate
offers by the quoting Lender with respect to each Interest Period specified in the related Invitation for Competitive Bids. Any Competitive Bid shall be disregarded by the Administrative Agent if the Administrative Agent determines that it: (A) is
not substantially in the form of Exhibit C-3 or does not specify all of the information required by Section 2.3(d)(ii); (B) contains qualifying, conditional or similar language (except for a limitation on the maximum principal amount which may be
accepted); (C) proposes terms other than or in addition to those set forth in the applicable Invitation for Competitive Bids or (D) arrives after the time set forth in Section 2.3(d)(i). 
  
 (e) Notice to Gannett. The Administrative Agent shall promptly (and, in any event, by 10:00 A.M., Dallas, Texas time)
notify Gannett, by telecopy, of all the Competitive Bids made (including all disregarded bids), the Competitive Bid Rate and the principal amount of each Competitive Loan in respect of which a Competitive Bid was made and the identity of the Lender
that made each bid. The Administrative Agent shall send a copy of all Competitive Bids (including all disregarded bids) to Gannett for its records as soon as practicable after completion of the bidding process set forth in this Section 2.3.

  
 (f) Acceptance and Notice by Gannett. Gannett may in
its sole discretion, subject only to the provisions of this paragraph (f), accept or reject any Competitive Bid (other than any 

 16 
  

 
disregarded bid) referred to in paragraph (e) above. Gannett shall notify the Administrative Agent by telephone, confirmed immediately thereafter by telecopy
in the form of a Competitive Bid Accept/Reject Letter, whether and to what extent it wishes to accept any or all of the bids referred to in paragraph (e) above not later than (x) 11:00 A.M. (Dallas, Texas time) on the third Business Day prior to the
proposed Borrowing Date, in the case of a Competitive Eurodollar Borrowing or (y) 11:00 A.M. (Dallas, Texas time) on the proposed Borrowing Date, in the case of a Fixed Rate Borrowing; provided that: 
  
 (i) the failure by Gannett to give such notice shall be
deemed to be a rejection of all the bids referred to in paragraph (e) above, 
  
 (ii) the aggregate principal amount of the Competitive Bids accepted by Gannett may not exceed the lesser of (A) the principal amount set forth in the related Competitive Bid Request and (B) the excess, if any, of the
aggregate Five-Year Commitments of all Five-Year Lenders or the aggregate Incremental Facility Commitments of all Incremental Facility Lenders, as applicable, then in effect over the aggregate principal amount of all Five-Year Loans or Incremental
Loans, as applicable, outstanding immediately prior to the making of such Competitive Loans, 
  
 (iii) the principal amount of each Competitive Borrowing must be $5,000,000 or a multiple of $1,000,000 in excess thereof, and 

 
 (iv) Gannett may not accept any Competitive Bid that is
disregarded by the Administrative Agent pursuant to Section 2.3(d)(ii) or that otherwise fails to comply with the requirements of this Agreement. 
  
 A notice given by Gannett pursuant to this paragraph (f) shall be irrevocable. 
  
 (g) Allocation by Administrative Agent. If offers are made by two or more Lenders with the same Competitive Bid Rates for a greater aggregate
principal amount than the amount in respect of which such offers are accepted for the related Interest Period, the principal amount of Competitive Loans in respect of which such offers are accepted shall be allocated by the Administrative Agent
among such Lenders as nearly as possible (in integral multiples of $1,000,000, as the Administrative Agent may deem appropriate) in proportion to the aggregate principal amounts of such offers. 
  
 (h) Notification of Acceptance. The Administrative Agent shall
promptly (and, in any event, by 11:30 A.M., Dallas, Texas time) notify each bidding Lender whether or not its Competitive Bid has been accepted (and if so, in what amount and at what Competitive Bid Rate), and each successful bidder will thereupon
become bound, subject to the other applicable conditions hereof, to make the Competitive Loan in respect of which its bid has been accepted. 
  
 Section 2.4 Termination or Reduction of Commitments. Gannett shall have the right, upon not less than two Business Days’ notice to the
Administrative Agent, to terminate the Five-Year Commitments when no Five-Year Loans are then outstanding or, from time to time, to reduce the unutilized portion of the Five-Year Commitments. Any such reduction pursuant to this Section 2.4 shall be
in an amount equal to $10,000,000 or a multiple of 

 17 
  

 
$1,000,000 in excess thereof and shall reduce permanently the Five-Year Commitments then in effect, and the fees payable pursuant to Section 2.10 shall then
reflect the reduced Five-Year Commitments. 
  
 Section 2.5
Optional Prepayments. Gannett may at any time and from time to time prepay the Loans, in whole or in part, without premium or penalty, upon irrevocable notice delivered to the Administrative Agent at least three Business Days prior thereto in
the case of Eurodollar Loans and at least one Business Day prior thereto in the case of ABR Loans, which notice shall specify the date and amount of prepayment and whether the prepayment is of Eurodollar Loans or ABR Loans; provided, that if a
Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, Gannett shall also pay any amounts owing pursuant to Section 2.16. Upon receipt of any such notice the Administrative Agent shall promptly
notify each relevant Lender thereof. If any such notice is given, the amount specified in such notice shall be due and payable on the date specified therein, together with accrued interest and fees to such date on the amount prepaid. Partial
prepayments shall be in an aggregate principal amount of $10,000,000 or a multiple of $1,000,000 in excess thereof. Notwithstanding anything to the contrary contained herein, Gannett shall not prepay the Competitive Loans except pursuant to Article
7, with the consent of the Lender which has made such Competitive Loan or as provided in the related Competitive Bid Request. 
  
 Section 2.6 Conversion and Continuation Options. (a) Gannett may elect from time to time to convert Eurodollar Revolving Credit Loans to ABR Loans
by giving the Administrative Agent at least one Business Day’s prior irrevocable notice of such election; provided that any such conversion of Eurodollar Revolving Credit Loans may only be made on the last day of an Interest Period with respect
thereto. Gannett may elect from time to time to convert ABR Loans to Eurodollar Revolving Credit Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election. Any such notice of conversion to
Eurodollar Revolving Credit Loans shall specify the length of the initial Interest Period or Interest Periods therefor. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. All or any part of
outstanding Eurodollar Revolving Credit Loans and ABR Loans may be converted as provided herein; provided that (i) no Loan may be converted into a Eurodollar Revolving Credit Loan when any Event of Default has occurred and is continuing and (ii) no
Five-Year Loan may be converted into a Eurodollar Revolving Credit Loan after the date that is one month prior to the Five-Year Termination Date. 
  
 (b) Any Eurodollar Revolving Credit Loans may be continued as such upon the expiration of the then current Interest Period with respect thereto by Gannett
giving notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loans; provided that
no Eurodollar Revolving Credit Loan may be continued as such (i) when any Event of Default has occurred and is continuing or (ii) after the date that is one month prior to the Five-Year Termination Date; and provided, further, that if
Gannett shall fail to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso such Eurodollar Revolving Credit Loans shall be automatically converted to ABR Loans on
the last day of such then expiring Interest Period. 

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 Section 2.7 Minimum Amounts of Eurodollar Borrowings. All borrowings, conversions and
continuations of Five-Year Loans hereunder and all selections of Interest Periods hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal amount of the Five-Year Loans
comprising each Eurodollar Borrowing shall be equal to $10,000,000 or a multiple of $1,000,000 in excess thereof and so that there shall not be more than 20 Eurodollar Borrowings outstanding at any one time. 
  
 Section 2.8 Repayment of Loans; Evidence of Debt. (a) Gannett hereby
unconditionally promises to pay (i) to each Five-Year Lender on the Five-Year Termination Date (or such earlier date as the Five-Year Loans become due and payable pursuant to Article 7 or Section 2.5), the unpaid principal amount of each Five-Year
Loan made by such Five-Year Lender and (ii) to each applicable Lender on the last day of the applicable Interest Period, the unpaid principal amount of each Competitive Loan made by any such Lender. Gannett hereby further agrees to pay interest in
immediately available funds at the office of the Administrative Agent on the unpaid principal amount of the Loans from time to time from the date hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Section
2.9. 
  
 (b) Each Lender shall maintain in accordance with its
usual practice an account or accounts evidencing the indebtedness of Gannett to the appropriate lending office of such Lender resulting from each Loan made by such lending office of such Lender from time to time, including the amounts of principal
and interest payable and paid to such lending office of such Lender from time to time under this Agreement. 
  
 (c) The Administrative Agent shall maintain the Register pursuant to Section 9.6(d), and a subaccount for each Lender, in which Register and subaccounts
(taken together) shall be recorded (i) the amount of each Loan made hereunder, the Type of each Loan made and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from
Gannett to each Lender hereunder and (iii) the amount of any sum received by the Administrative Agent hereunder from Gannett and each Lender’s share thereof. 
  
 (d) The entries made in the Register and accounts maintained pursuant to paragraphs (b) and (c) of this Section 2.8 shall,
to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of Gannett therein recorded; provided, however, that the failure of any Lender or the Administrative Agent to maintain
such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of Gannett to repay (with applicable interest) the Loans made to Gannett by such Lender in accordance with the terms
of this Agreement. 
  
 Section 2.9 Interest Rates and Payment
Dates. (a) Each ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin. 
  
 (b) The Loans comprising each Eurodollar Borrowing shall bear interest at a rate per annum equal to (i) in the case of each Eurodollar Revolving Credit
Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus the Applicable Margin and (ii) in the case of each Eurodollar Competitive Loan, the Eurodollar Rate for the Interest Period in effect for such Borrowing plus (or
minus, as the case may be) the Margin offered by the Lender making such Loan and accepted by Gannett pursuant to Section 2.3. 

 19 
  

 (c) Each Fixed Rate Loan shall bear interest at a rate per annum equal to the fixed rate of interest
offered by the Lender making such Loan and accepted by Gannett pursuant to Section 2.3. 
  
 (d) Interest shall be payable in arrears on each Interest Payment Date; provided that interest accruing pursuant to paragraph (e) of this Section 2.9 shall be payable from time to time on demand. 
  
 (e) (i) If all or a portion of the principal amount of any Loan shall not be
paid when due (whether at the stated maturity, by acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing provisions of this
Section 2.9 plus 1% and (ii) to the extent permitted under applicable law, if all or a portion of any interest payable on any Loan or any fee or other amount payable hereunder shall not be paid when due (whether at the stated maturity, by
acceleration or otherwise), such overdue amount shall bear interest at a rate per annum equal to the rate then applicable to ABR Loans plus 1%, in each case, with respect to clauses (i) and (ii) above, from the date of such non-payment until
such amount is paid in full (as well after as before judgment). 
  
 Section 2.10 Fees. (a) [reserved] 
  
 (b) Gannett
shall pay to the Administrative Agent, for the ratable account of the Five-Year Lenders, a facility fee (the “Five-Year Facility Fee”) at the rate per annum equal to (i) for each day that Gannett has Credit Status 1, .0700% of the
aggregate Five-Year Commitments on such day, (ii) for each day that Gannett has Credit Status 2, .0800% of the aggregate Five-Year Commitments on such day, (iii) for each day that Gannett has Credit Status 3, .1000% of the aggregate Five-Year
Commitments on such day, (iv) for each day that Gannett has Credit Status 4, .12500% of the aggregate Five-Year Commitments on such day, (v) for each day that Gannett has Credit Status 5, .1750% of the aggregate Five-Year Commitments on such day and
(vi) for each day that Gannett has Credit Status 6, .2500% of the aggregate Five-Year Commitments on such day. On the first Business Day following the last day of each fiscal quarter of Gannett and on the Five-Year Termination Date (or, if earlier,
on the date upon which both the Five-Year Commitments are terminated and the Five-Year Loans are paid in full), Gannett shall pay to the Administrative Agent, for the ratable benefit of the Lenders, the portion of the Five-Year Facility Fee which
accrued during the fiscal quarter most recently ended (or, in the case of the payment due on the Five-Year Termination Date, the portion thereof ending on such date). Such facility fee shall be based upon the aggregate Five-Year Commitments of the
Five-Year Lenders from time to time, regardless of the utilization by Gannett from time to time thereunder. 
  
 (c) Gannett shall pay to the Administrative Agent, for the ratable account of the Lenders, a utilization fee (the “Utilization Fee”) at a
rate per annum equal to 0.0750% for each day on which the Commitment Utilization Percentage exceeds 50%, which Utilization Fee shall accrue on the average daily amount of the Total Extensions of Credit for each Excess Utilization Day during the term
of this Agreement. All Utilization Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days and shall be payable quarterly in arrears. 

 20 
  

 Section 2.11 Computation of Interest and Fees. (a) Interest payable pursuant hereto shall be
calculated on the basis of a 360-day year for the actual days elapsed, except that, with respect to ABR Loans and Competitive Loans the rate of interest on which is calculated on the basis of the Prime Rate, the interest thereon shall be calculated
on the basis of a 365- (or 366-, as the case may be) day year for the actual days elapsed. Fees (other than the Utilization Fees, which shall be calculated as provided in Section 2.10(c)) payable pursuant hereto shall be calculated on the basis of a
365- (or 366-, as the case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify Gannett and the relevant Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a
Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The Administrative Agent shall as soon as practicable notify
Gannett and the relevant Lenders of the effective date and the amount of each such change in interest rate. 
  
 (b) Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on
Gannett and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of Gannett, deliver to Gannett a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to
Section 2.11(a). 
  
 Section 2.12 Inability to Determine
Interest Rate. If prior to the first day of any Interest Period the Administrative Agent shall have determined (which determination shall be conclusive and binding upon Gannett) that, by reason of circumstances affecting the relevant market,
adequate and reasonable means do not exist for ascertaining the Eurodollar Rate for such Interest Period, the Administrative Agent shall give telecopy or telephonic notice thereof to Gannett and the relevant Lenders as soon as practicable
thereafter. If such notice is given (x) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR Loans, (y) any Loans under the relevant Facility that were to have been
converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the then-current Interest Period, to
ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall Gannett have the right to convert Loans under the relevant Facility to
Eurodollar Loans. 
  
 Section 2.13 Pro Rata Treatment and
Payments. (a) Each borrowing of Five-Year Loans from the Lenders hereunder, each payment by Gannett on account of any fee hereunder and, subject to the last sentence of Section 2.4, any reduction of the Commitments of the Lenders shall be made
pro rata according to the Five-Year Commitments of the Lenders. Subject to the last sentence of Section 2.4, each payment (including each prepayment) by Gannett on account of principal of and interest on the Five-Year Loans shall be made pro rata
according to the respective outstanding principal amounts of the Five-Year Loans then held by the Lenders. Each payment by Gannett on account of principal of and interest on any Borrowing of Competitive Loans shall be made pro rata among the Lenders
participating in such Borrowing according to the respective principal amounts of their outstanding Competitive Loans comprising such Borrowing. 

 21 
  

 (b) All payments (including prepayments) to be made by Gannett hereunder, whether on account of
principal, interest, fees or otherwise, shall be made without set-off or counterclaim and shall be made prior to 12:00 Noon, Dallas, Texas time, on the due date thereof to the Administrative Agent, for the account of the relevant Lenders, at the
Agent’s office specified in Section 9.2, in Dollars and in immediately available funds. Notwithstanding the foregoing, the failure by Gannett to make a payment (or prepayment) prior to 12:00 Noon on the due date thereof shall not constitute a
Default or Event of Default if such payment is made on such due date; provided, however, that any payment (or prepayment) made after such time on such due date shall be deemed made on the next Business Day for the purposes of interest
and reimbursement calculations. The Administrative Agent shall distribute such payments to the relevant Lenders promptly upon receipt in like funds as received. If any payment hereunder (other than payments on the Eurodollar Loans) becomes due and
payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to
the next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the case of any extension of
any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. 
  
 (c) Unless the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount that
would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon
such assumption, make available to Gannett a corresponding amount. If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand,
such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate for the period until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent
submitted to any Lender with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender
within three Business Days of such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR Loans under the relevant Facility, on demand, from Gannett.
Nothing herein shall be deemed to limit the rights of Gannett against any Lender who fails to make its share of such borrowing available. 
  
 (d) Unless the Administrative Agent shall have been notified in writing by Gannett prior to the date of any payment being made hereunder that Gannett will
not make such payment to the Administrative Agent, the Administrative Agent may assume that Gannett is making such payment, and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the
Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by Gannett 

 22 
  

 
within three Business Days of such required date, the Administrative Agent shall be entitled to recover, on demand, from each Lender to which any amount
which was made available pursuant to the preceding sentence, such amount with interest thereon at the rate per annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative
Agent or any Lender against Gannett. 
  
 Section 2.14
Requirements of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof or compliance by any Lender with any request or directive (whether or not having the force of law) from any
central bank or other Governmental Authority made subsequent to the date hereof: 
  
 (i) shall subject any Lender to any tax of any kind whatsoever with respect to this Agreement or any Eurodollar Loan made by it, or change the basis of taxation of payments to such Lender in respect thereof (except
for Non-Excluded Taxes covered by Section 2.15 and changes in the rate of tax on the overall net income of such Lender); 
  
 (ii) shall impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or
other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by, any office of such Lender that is not otherwise included in the determination of the Eurodollar Rate hereunder; or

  
 (iii) shall impose on such Lender any other condition
affecting Eurodollar Loans; 
  
 and the result of any of the foregoing is to
increase the cost to such Lender, by an amount that such Lender deems to be material, of making, converting into, continuing or maintaining Eurodollar Loans, or to reduce any amount receivable hereunder in respect thereof, then, in any such case,
Gannett shall promptly pay such Lender, upon its demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this
paragraph, it shall promptly notify Gannett (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled. Gannett shall not be liable in respect of any such increased costs to, or reduced amount of any sum
received or receivable by, any Lender pursuant to this Section 2.14(a) with respect to any interest, fees or other amounts accrued by such Lender more than 15 days prior to the date notice thereof is given to Gannett pursuant to this Section
2.14(a). 
  
 (b) If any Lender shall have determined that the
adoption of or any change in any Requirement of Law regarding capital adequacy or in the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request or directive regarding capital
adequacy (whether or not having the force of law) from any Governmental Authority made subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or such corporation’s capital as a consequence of
its obligations hereunder to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance (taking into consideration such Lender’s or such corporation’s policies with respect to
capital adequacy) by an amount deemed by such Lender to 

 23 
  

 
be material, then from time to time, within 15 days after submission by such Lender to Gannett (with a copy to the Administrative Agent) of a written request
therefor, Gannett shall pay to such Lender such additional amount or amounts as will compensate such Lender for such reduction; provided that Gannett shall not be required to compensate a Lender pursuant to this paragraph for any amounts
incurred more than 30 days prior to the date that such Lender notifies Gannett of such Lender’s intention to claim compensation therefor; and provided further that, if the circumstances giving rise to such claim have a retroactive
effect, then such 30 day period shall be extended to include the period of such retroactive effect. 
  
 (c) A certificate, setting forth a reasonably detailed explanation as to the reason for any additional amounts payable pursuant to this Section 2.14,
submitted by any Lender to Gannett (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The obligations of Gannett pursuant to this Section shall survive the termination of this Agreement and the payment of
the Loans and all other amounts payable hereunder. 
  
 Section
2.15 Taxes. (a) All payments made by Gannett under this Agreement shall be made free and clear of, and without deduction or withholding for or on account of, any present or future income, stamp or other taxes, levies, imposts, duties,
charges, fees, deductions or withholdings, now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority, excluding net income taxes and franchise taxes (imposed in lieu of net income taxes) imposed on the
Administrative Agent or any Lender as a result of a present or former connection between the Administrative Agent or such Lender and the jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority
thereof or therein (other than any such connection arising solely from the Administrative Agent or such Lender having executed, delivered or performed its obligations or received a payment under, or enforced, this Agreement). If any such
non-excluded taxes, levies, imposts, duties, charges, fees, deductions or withholdings (“Non-Excluded Taxes”) or Other Taxes are required to be withheld from any amounts payable to the Administrative Agent or any Lender hereunder,
the amounts so payable to the Administrative Agent or such Lender shall be increased to the extent necessary to yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes and Other Taxes) interest or any such other
amounts payable hereunder at the rates or in the amounts specified in this Agreement, provided, however, that Gannett shall not be required to increase any such amounts payable to any Lender with respect to any Non-Excluded Taxes (i)
that are attributable to such Lender’s failure to comply with the requirements of paragraph (d) or (e) of this Section or (ii) that are United States withholding taxes imposed on amounts payable to such Lender at the time the Lender becomes a
party to this Agreement (or designates a new lending office), except to the extent that such Lender’s assignor (if any) was entitled, at the time of assignment, to receive additional amounts from Gannett with respect to such Non-Excluded Taxes
pursuant to this paragraph. 
  
 (b) In addition, Gannett shall pay
any Other Taxes to the relevant Governmental Authority in accordance with applicable law. 
  
 (c) Whenever any Non-Excluded Taxes or Other Taxes are payable by Gannett, as promptly as possible thereafter Gannett shall send to the Administrative Agent for its own account or for the account of the relevant
Lender, as the case may be, a certified copy of an original official receipt received by Gannett showing payment thereof. If Gannett fails to pay 

 24 
  

 
any Non-Excluded Taxes or Other Taxes when due to the appropriate taxing authority or fails to remit to the Administrative Agent the required receipts or
other required documentary evidence, Gannett shall indemnify the Administrative Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any such failure.

  
 (d) Each Lender (or Transferee) that is not a “U.S.
Person” as defined in Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall deliver to Gannett and the Administrative Agent (or, in the case of a Participant, to the Lender from which the related participation shall have
been purchased) two copies of either U.S. Internal Revenue Service Form W-8BEN or Form W-8ECI, or, in the case of a Non-U.S. Lender claiming exemption from U.S. federal withholding tax under Section 871(h) or 881(c) of the Code with respect to
payments of “portfolio interest”, a statement substantially in the form of Exhibit E and a Form W-8BEN, or any subsequent versions thereof or successors thereto, properly completed and duly executed by such Non-U.S. Lender claiming
complete exemption from, or a reduced rate of, U.S. federal withholding tax on all payments by Gannett under this Agreement. Such forms shall be delivered by each Non-U.S. Lender on or before the date it becomes a party to this Agreement or
designates a new lending office (or, in the case of any Participant, on or before the date such Participant purchases the related participation). In addition, each Non-U.S. Lender shall deliver such forms promptly upon the obsolescence or invalidity
of any form previously delivered by such Non-U.S. Lender. Each Non-U.S. Lender shall promptly notify Gannett at any time it determines that it is no longer in a position to provide any previously delivered certificate to Gannett (or any other form
of certification adopted by the U.S. taxing authorities for such purpose). Notwithstanding any other provision of this paragraph, a Non-U.S. Lender shall not be required to deliver any form pursuant to this paragraph that such Non-U.S. Lender is not
legally able to deliver. 
  
 (e) If the Administrative Agent or
any Lender receives a refund in respect of any amounts paid by Gannett pursuant to this Section 2.15, which refund in the reasonable judgment of such Administrative Agent or such Lender is allocable to such payment, it shall pay the amount of such
refund to Gannett, net of all reasonable out-of-pocket expenses of the Administrative Agent or such Lender, provided however, that Gannett, upon the request of such Lender or the Administrative Agent, agrees to repay the amount paid over to Gannett
to the Administrative Agent or such Lender in the event such Administrative Agent or the Lender is required to repay such refund. Nothing contained herein shall interfere with the right of the Administrative Agent or any Lender to arrange its tax
affairs in whatever manner it deems fit nor oblige the Administrative Agent or any Lender to apply for any refund or to disclose any information relating to its affairs or any computations in respect thereof. 
  
 (f) The agreements in this Section 2.15 shall survive the termination of this
Agreement and the payment of the Loans and all other amounts payable hereunder. 
  
 Section 2.16 Indemnity. Gannett agrees to indemnify each Lender and to hold each Lender harmless from any loss or expense that such Lender sustains or incurs as a consequence of (a) default by Gannett in making
a borrowing of, conversion into or continuation of Eurodollar Loans after Gannett has given a notice requesting the same in accordance with the provisions of this Agreement, (b) default by Gannett in making any prepayment of or conversion 

 25 
  

 
from Eurodollar Loans after Gannett has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a prepayment of
Eurodollar Loans on a day that is not the last day of an Interest Period with respect thereto. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or
not so borrowed, converted or continued, for the period from the date of such prepayment or of such failure to borrow, convert or continue to the last day of such Interest Period (or, in the case of a failure to borrow, convert or continue, the
Interest Period that would have commenced on the date of such failure) in each case at the applicable rate of interest for such Loans provided for herein (excluding, however, the Applicable Margin included therein, if any) over (ii) the
amount of interest (as reasonably determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurodollar market. A certificate as to
any amounts payable pursuant to this Section submitted to Gannett by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the termination of this Agreement and the payment of the Loans and all other amounts
payable hereunder. 
  
 Section 2.17 Change of Lending
Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.14 or 2.15(a) with respect to such Lender, it will, if requested by Gannett, use reasonable efforts (subject to overall policy
considerations of such Lender) to designate another lending office for any Loans affected by such event with the object of avoiding the consequences of such event; provided, that such designation is made on terms that, in the sole judgment of such
Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations of Gannett or the rights of any Lender
pursuant to Section 2.14 or 2.15(a). 
  
 Section 2.18
Replacement of Lenders. Gannett shall be permitted to replace any Lender that (a) requests reimbursement for amounts owing pursuant to Section 2.14 or 2.15(a) or (b) defaults in its obligation to make Loans hereunder, with a replacement
financial institution; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) prior to any such replacement, such Lender shall have taken no action under Section 2.17 so as to eliminate the continued need for payment
of amounts owing pursuant to Section 2.14 or 2.15(a), (iii) the replacement financial institution shall purchase, at par, all Loans and other amounts owing to such replaced Lender on or prior to the date of replacement, (iv) Gannett shall be liable
to such replaced Lender under Section 2.16 if any Eurodollar Loan owing to such replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (v) the replacement financial institution, if not already a
Lender, shall be reasonably satisfactory to the Administrative Agent, (vi) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of Section 9.6 (provided that Gannett shall be obligated to pay the
registration and processing fee referred to therein), (vii) until such time as such replacement shall be consummated, Gannett shall pay all additional amounts (if any) required pursuant to Section 2.14 or 2.15(a), as the case may be, and (viii) any
such replacement shall not be deemed to be a waiver of any rights that Gannett, the Administrative Agent or any other Lender shall have against the replaced Lender. 

 26 
  

 ARTICLE III 
  
 Representations and Warranties 
  
 To induce the Administrative Agent and the Lenders to enter into this Agreement and to make the Loans, Gannett hereby represents and warrants to the
Administrative Agent and each Lender that: 
  
 Section 3.1
Organization; Powers. Gannett and each of its Subsidiaries is a corporation duly organized, validly existing and in good standing under the laws of its jurisdiction of incorporation. Except where the failure to do so, individually or in the
aggregate, would result in a Material Adverse Effect, Gannett and each of its Subsidiaries is duly qualified to do business as a foreign corporation and is in good standing in all states in which it owns substantial properties or in which it
conducts a substantial business and its activities make such qualifications necessary. 
  
 Section 3.2 Financial Condition; No Material Adverse Effect. On or as of the Restatement Effective Date, Gannett has furnished to each of the Lenders copies of either its Annual Report for 2003 or a report on
Form 8-K, containing in either case, copies of its consolidated balance sheet as of December 28, 2003 and the related statements of consolidated income and changes in shareholders’ equity and cash flows for 2003, all reported on by
PricewaterhouseCoopers LLP, independent public accountants. The financial statements contained in such Annual Report or report on Form 8-K (including the related notes) fairly present Gannett’s consolidated financial condition as of their
respective dates and the consolidated results of the operations of Gannett and its Subsidiaries for the periods then ended, and have been prepared in accordance with GAAP. Gannett and its Subsidiaries have no Material liabilities as of December 28,
2003 not reflected in the consolidated balance sheet as of December 28, 2003 or the related notes as of said date, and from that date to the Restatement Effective Date there has been no Material change in the business or financial condition of
Gannett and its Subsidiaries taken as a whole which has not been publicly disclosed. 
  
 Section 3.3 Properties. As of the Restatement Effective Date, Gannett and its Subsidiaries owned absolutely, free and clear of all Liens, all of the real or personal property reflected in the consolidated
balance sheet dated as of December 28, 2003 referred to in Section 3.2 and all other property acquired by them, respectively after December 28, 2003 except such property as has been disposed of in the ordinary course of business, and except for (i)
easements, restrictions, exceptions, reservations or defects which, in the aggregate, do not materially interfere with the continued use of such property or materially affect the value thereof to Gannett or its Subsidiaries, (ii) Liens, if any, for
current taxes not delinquent, and (iii) Liens reflected on such consolidated balance sheet or not otherwise prohibited by Section 6.1. As of the Restatement Effective Date, Gannett and its Subsidiaries enjoy peaceful and undisturbed possession of
their properties which are held under lease and all such leases are in good standing and valid and binding obligations of the lessors in full force and effect, except for exceptions, reservations or defects which in the aggregate do not materially
interfere with the continued use of such property or materially affect the value thereof to Gannett or its Subsidiaries. 

 27 
  

 Section 3.4 Litigation. There are no actions, suits, or proceedings pending or, to Gannett’s
knowledge, threatened against or affecting it or any Subsidiary in or before any court or foreign or domestic governmental instrumentality, and neither Gannett nor any Subsidiary is in default in respect of any order of any such court or
instrumentality which, in Gannett’s opinion, are Material. 
  
 Section 3.5 No Conflicts. Neither the execution and delivery of this Agreement, the consummation of the transactions herein contemplated, nor compliance with the terms and provisions hereof will conflict with or result in a breach of
any of the provisions of Gannett’s restated certificate of incorporation, as amended, or by-laws, as amended, or any law or regulation, or any order of any court or governmental instrumentality, or any agreement or instrument by which Gannett
is bound, or constitute a default thereunder, or result in the imposition of any Lien not permitted under this Agreement upon any of Gannett’s property. 
  
 Section 3.6 Taxes. To the best of Gannett’s knowledge, Gannett and its Subsidiaries have filed all tax returns which are required to be filed
by any jurisdiction, and have paid all taxes which have become due pursuant to said returns or pursuant to any assessments against it or its Subsidiaries, except to the extent only that such taxes are not material or are being contested in good
faith by appropriate proceedings. 
  
 Section 3.7
Authorization; Enforceability. The execution and delivery of this Agreement and the making of all Borrowings permitted by the provisions hereof have been duly authorized by all necessary corporate action on the part of Gannett; this Agreement
has been duly and validly executed and delivered by Gannett and constitutes Gannett’s valid and legally binding agreement enforceable in accordance with its terms; and the Borrowings when made, will constitute valid and binding obligations of
Gannett enforceable in accordance with the terms of this Agreement, except as limited by applicable bankruptcy, insolvency, moratorium, reorganization or other laws, judicial decisions or principles of equity relating to or affecting the enforcement
of creditors rights or contractual obligations generally. 
  
 Section 3.8 Environmental Matters. In the ordinary course of its business, Gannett becomes aware from time to time of the effect of Environmental Laws on its business, operations and properties and the business, operations and
properties of its Subsidiaries, and it identifies and evaluates associated liabilities and costs (including, without limitation, any capital or operating expenditures required for clean-up or closure of properties then owned or operated by Gannett
or its Subsidiaries, any capital or operating expenditures required to achieve or maintain compliance with environmental protection standards imposed by law or as a condition of any license, permit or contract, any related constraints on operating
activities, including any periodic or permanent shutdown of any facility or reduction in the level of or change in the nature of operations conducted at such properties, and any actual or potential liabilities to third parties, including employees,
and any related costs and expenses). On the basis of these evaluations, Gannett has reasonably concluded that Environmental Laws are unlikely to have a Material Adverse Effect. 
  
 Section 3.9 No Change. Since December 28, 2003, there has been no development or event that has had or would have a
Material Adverse Effect. 

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 Section 3.10 Federal Regulations. No part of the proceeds of any Loans, and no other extensions of
credit hereunder, will be used for “buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to time hereafter in effect or for any
purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative Agent, Gannett will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U. 
  
 Section 3.11 No Default. Neither Gannett nor any of its Subsidiaries is in default under or with respect to any of its Contractual Obligations in any respect that would have a Material Adverse Effect.

  
 Section 3.12 Investment Company Act; Federal
Regulations. Gannet is not an “investment company”, or a company “controlled” by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. 
  
 ARTICLE IV 
  
 Conditions 
  
 The obligation of each Lender to make a Loan hereunder is subject to the
accuracy, as of the date hereof, of the representations and warranties herein contained and to the satisfaction of the following further conditions: 
  
 (a) The Administrative Agent shall have received (i) this Agreement, executed and delivered by the Agents and Gannett and (ii) an Addendum, executed and
delivered by each Lender listed on Schedule 1.1. 
  
 (b) On the
date of each Borrowing (i) no Default or Event of Default shall have occurred and be continuing and (ii) the representations and warranties contained in Sections 3.1, 3.5 and 3.7 shall be true and correct in all material respects on and as of such
date as if made on and as of such date. 
  
 (c) On or prior to the
date of the first Borrowing hereunder, there shall have been delivered to each Lender an opinion from Nixon Peabody LLP, counsel to Gannett, in substantially the form of Exhibit F hereto. In rendering the foregoing opinion, such counsel may rely
upon certificates of officers of Gannett and its Subsidiaries as to factual matters, including (i) the nature and location of the property of Gannett and of its Subsidiaries, (ii) agreements and instruments to which Gannett and/or its Subsidiaries
are a party, and (iii) the conduct of the business of Gannett and its Subsidiaries. 
  
 (d) On or prior to the date of the first Borrowing hereunder, there shall have been delivered to each Lender a certificate of the Secretary of Gannett certifying, as of the date of the Agreement, to resolutions duly
adopted by the Board of Directors of Gannett or a duly authorized committee thereof authorizing Gannett’s execution and delivery of this Agreement and the making of the Borrowings. 

 29 
  

 ARTICLE V 
  
 Affirmative Covenants. 
  
 Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid
in full, Gannett covenants and agrees with the Lenders that it shall and shall cause each of its Subsidiaries to: 
  
 Section 5.1 Financial Statements and Other Information. Furnish to the Administrative Agent and the Lenders: 
  
 (a) within 60 days after the end of each of the first three
quarterly periods in each fiscal year, its consolidated statements of income for such quarterly period and for the period from the beginning of the fiscal year to the end of such quarterly period and its consolidated balance sheet at the end of that
period, all in reasonable detail, subject, however, to year-end audit adjustments, together with a certificate of compliance and no default in substantially the form of Exhibit G hereto certified by an appropriate financial officer of Gannett;

  
 (b) within 120 days after and as of the close
of each fiscal year, Gannett’s Annual Report to shareholders for such fiscal year, containing copies of its consolidated income statement, consolidated balance sheet and changes in shareholders’ equity and cash flows for such fiscal year
accompanied by a report by PricewaterhouseCoopers LLP or some other accounting firm of national reputation selected by Gannett, based on their examination of such financial statements, which examination shall have been conducted in accordance with
generally accepted auditing standards and which report shall indicate that the financial statements have been prepared in accordance with GAAP, together with a certificate of compliance and no default in substantially the form of Exhibit G hereto,
certified by an appropriate financial officer of Gannett; 
  
 (c) promptly upon their becoming available, copies of all regular and periodic financial reports, if any, which Gannett or any of its Subsidiaries shall file with the Securities and Exchange Commission or with any
securities exchange; 
  
 (d) promptly upon their
becoming available, copies of all prospectuses of Gannett and all reports, proxy statements and financial statements mailed by Gannett to its shareholders generally; and 
  
 (e) such other information respecting the financial condition and affairs of Gannett and its subsidiaries as
any of the Lenders may from time to time reasonably request. 
  
 The financial statements of Gannett and its Subsidiaries hereafter delivered to the Lenders pursuant to this Section 5.1 will fairly set forth the financial condition of Gannett and its Subsidiaries as of the dates thereof, and the results
of Gannett’s and its Subsidiaries’ operations for the respective periods stated therein, all in accordance with GAAP. 

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 Section 5.2 Payment of Obligations. Duly pay and discharge all (i) material obligations when due
and (ii) taxes, assessments and governmental charges of which Gannett has knowledge assessed against it or against its properties prior to the date on which penalties are attached thereto, unless and only to the extent that such obligations, taxes,
assessments or charters are not material or shall be contested in good faith by appropriate proceedings initiated by Gannett. 
  
 Section 5.3 Books and Records; Inspection Rights. (a) Keep proper books of records and account in which true and correct entries, in all material
respects, are made of all dealings in relation to its business and activities and (b) permit any Lender, upon reasonable request, to inspect at all reasonable times its properties, operations and books of account. 
  
 Section 5.4 Notices of Material Events. Promptly give notice to the
Administrative Agent and each Lender of: 
  
 (a)
the occurrence of any Default or Event of Default; 
  
 (b) any (i) default or event of default under any Contractual Obligation of Gannett or any of its Subsidiaries or (ii) litigation, investigation or proceeding that may exist at any time between Gannett or any of its Subsidiaries and any
Governmental Authority, that in either case, if not cured or if adversely determined, as the case may be, would have a material adverse effect on (A) the business, assets, operations or condition, financial or otherwise, of Gannett and its
Subsidiaries taken as a whole or (B) the validity or enforceability of this Agreement or the material rights or remedies of the Administrative Agent and the Lenders hereunder; and 
  
 (c) any other development or event that has had or would have a Material Adverse Effect. 
  
 Each notice pursuant to this Section 5.4 shall be accompanied by a statement of an
appropriate officer of Gannett setting forth details of the occurrence referred to therein and stating what action it proposes to take with respect thereto. 
  
 Section 5.5 Existence; Conduct of Business. Do or cause to be done all things necessary to preserve, renew and keep in full force and effect its
legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation or other transaction permitted under Section 6.2.

  
 Section 5.6 Maintenance of Properties; Insurance. (a)
Keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted, and (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and
against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. 
  
 Section 5.7 Compliance with Laws. Comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its
property, except where the failure to do so, individually or in the aggregate, would not have a material adverse effect on (a) 

 31 
  

 
the business, assets, operations or condition, financial or otherwise, of Gannett and its Subsidiaries taken as a whole or (b) the validity or enforceability
of this Agreement or the material rights or remedies of the Administrative Agent and the Lenders hereunder. 
  
 Section 5.8 Debt Ratings. With respect to Gannett, use its reasonable best efforts to maintain at all times a senior unsecured long-term debt
rating from either S&P or Moody’s. 
  
 ARTICLE VI

  
 Negative Covenants 
  
 Until the Commitments have expired or been terminated and the principal of
and interest on each Loan and all fees payable hereunder have been paid in full, Gannett covenants and agrees with the Lenders that, it shall not, and shall not permit any of its Subsidiaries to, directly or indirectly: 
  
 Section 6.1 Liens. Create, incur, assume or permit to exist any Lien
on any of its properties or assets now owned or hereafter acquired by it, without making provision satisfactory to the Lenders whereby the Lenders obtain an equal and ratable or prior Lien as security for the payment of the Borrowings; or transfer
any of its assets for the purpose of subjecting them to the payment of obligations prior in payment to any of its general creditors; or allow any liability of, or claims, or demands against it, or any of its Subsidiaries, to exist for more than 30
days if the liability, claim or demand might by law be given any priority over those of its general creditors; provided, however, that none of the above shall prohibit Gannett or any Subsidiary from creating or allowing any of the
following to exist: 
  
 (a) Liens incurred after
the date hereof covering any of Gannett’s or its Subsidiaries’ properties or assets; provided that the total principal amount of indebtedness of Gannett and its Subsidiaries (on a consolidated basis) secured by all such Liens
permitted under this Section 6.1(a) at any time outstanding shall not exceed 50% of Net Property, Plant and Equipment; 
  
 (b) leases of all types, whether or not such leases constitute leasebacks of property sold or transferred by Gannett or any Subsidiary;

  
 (c) pledges and deposits securing the payment
of workmen’s compensation or insurance premiums, good-faith deposits in connection with tenders, contracts (other than contracts for the payment of borrowed money) or leases, deposits to secure surety or appeal bonds, liens, pledges or deposits
in connection with contracts made with or at the request of the United States Government or any agency thereof, or pledges or deposits for similar purposes made in the ordinary course of business; 
  
 (d) liens securing taxes, assessments or governmental or
other charges or claims for labor, materials or supplies which are not delinquent or which are being contested in good faith by appropriate proceedings and liens, restrictions, easements, licenses on the use of property or minor irregularities in
the title thereof, which do not, in Gannett’s opinion, in the aggregate materially impair their use in Gannett’s and its Subsidiaries’ business; and 

 32 
  

 (e) Liens on the assets of any Person which becomes a Subsidiary of Gannett after the
date of this Agreement to the extent that such liens existed prior to the date of acquisition of such corporation by Gannett; provided that such Liens existed at the time such Person became a Subsidiary of Gannett and were not created in
anticipation thereof. 
  
 Section 6.2 Fundamental Changes.
Merge, consolidate, sell, lease, transfer or otherwise dispose of all or substantially all of its assets, unless immediately after giving effect to such transaction, it shall be in compliance with Sections 6.1 and 6.3 hereof and, in the case of a
merger or consolidation by Gannett, Gannett shall be the survivor corporation. 
  
 Section 6.3 Shareholders’ Equity. Permit Gannett’s Total Shareholders’ Equity at any time to be less than $3,500,000,000. 
  
 ARTICLE VII 
  
 Events of Default 
  
 Section 7.1 Events of Default. The following are Events of Default: 
  
 (a) Gannett shall fail to pay when due in accordance with the terms hereof (i) any principal on any Loan and
such failure shall have continued for a period of three Business Days or (ii) any interest on any Loan, or any other amount payable hereunder, and such failure shall have continued for a period of five Business Days. 
  
 (b) Gannett shall (A) default in any payment of principal or
of interest on any other obligation for borrowed money in excess of $50,000,000 beyond any grace period provided with respect thereto, or (B) default in the performance of any other agreement, term or condition contained in any agreement under which
any such obligation is created, if the effect of such default is to cause such obligation to be accelerated or become due prior to its stated maturity. 
  
 (c) Any representation or warranty herein made by Gannett, or any certificate or financial statement furnished by Gannett pursuant to the
provisions hereof, shall prove to have been false or misleading in any material respect as of the time made or furnished and Gannett shall fail to take corrective measures satisfactory to the Required Lenders within 30 days after notice thereof to
Gannett from any Lender or the Administrative Agent or by Gannett to the Administrative Agent. 
  
 (d) Gannett shall default in the performance of any other covenant, condition or provision hereof and such default shall not be remedied
to the satisfaction of the Required Lenders within a period of 30 days after notice thereof to Gannett from any Lender or the Administrative Agent or by Gannett to the Administrative Agent. 
  
 (e) Gannett or any Subsidiary with more than $100,000,000 in
revenue in the preceding fiscal year (other than Gannett Satellite Information Network, Inc.) shall (A) 

 33 
  

 
apply for or consent to the appointment of a receiver, trustee, or liquidator of Gannett, (B) make a general assignment for the benefit of creditors, or (C)
file a voluntary petition in bankruptcy or a petition or an answer seeking reorganization or an arrangement with creditors or take advantage of any insolvency law or an answer admitting the material allegations of a petition filed against Gannett in
any bankruptcy, reorganization or insolvency proceeding, or corporate action shall be taken by Gannett for the purpose of affecting any of the foregoing. 
  
 (f) An order, judgment or decree shall be entered, without the application, approval or consent of Gannett, by any court of competent
jurisdiction, approving a petition seeking reorganization of Gannett or appointing a receiver, trustee or liquidator of Gannett or of all or a substantial part of the assets of Gannett, and such order, judgment or decree shall continue unstayed and
in effect for any period of ninety (90) consecutive days. 
  
 (g) One or more final, non-appealable judgments for the payment of money in an aggregate amount in excess of $100,000,000 shall be rendered against Gannett, any Subsidiary or any combination thereof, and the same
shall remain undischarged for a period of 30 consecutive days during which execution shall not be effectively stayed or bonded. 
  
 Section 7.2 Remedies. If an Event of Default shall occur and be continuing: 
  
 (a) If an Event of Default specified in Section 7.1(e) or (f) shall occur and be continuing, automatically
the Commitments shall immediately terminate and the Loans (with accrued interest thereon) and all other amounts owing under this Agreement shall immediately become due and payable. 
  
 (b) If an Event of Default other than those specified in Section 7.1(e) or (f) shall occur and be
continuing, either or both of the following actions may be taken: (i) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to Gannett, declare
Commitments to be terminated forthwith, whereupon the Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent
shall, by notice to Gannett, declare the Loans (with accrued interest thereon) and all other amounts owing under this Agreement to be due and payable forthwith, whereupon the same shall immediately become due and payable. 
  
 (c) Except as expressly provided above in this Article,
presentment, demand, protest and all other notices of any kind are hereby expressly waived by Gannett. 
  
 (d) Any Lender giving any notice to Gannett under this Article 7 shall simultaneously give like notice to the Administrative Agent.

 34 
  

 ARTICLE VIII 
  
 The Administrative Agent 
  
 Section 8.1 Appointment. Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this
Agreement, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and to exercise such powers and perform such duties as are expressly
delegated to the Administrative Agent by the terms of this Agreement, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not
have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement
or otherwise exist against the Administrative Agent. 
  
 Section
8.2 Delegation of Duties. The Administrative Agent may execute any of its duties under this Agreement by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The
Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys in-fact selected by it with reasonable care. 
  
 Section 8.3 Exculpatory Provisions. Neither the Administrative Agent nor any of its respective officers, directors, employees, agents,
attorneys-in-fact or affiliates shall be (i) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement (except to the extent that any of the foregoing are found by a final and
nonappealable decision of a court of competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (ii) responsible in any manner to any of the Lenders for any recitals, statements,
representations or warranties made by Gannett or any officer thereof contained in this Agreement or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in
connection with, this Agreement or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or for any failure of Gannett to perform its obligations hereunder or thereunder. The Administrative Agent shall
not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement, or to inspect the properties, books or records of Gannett. 

 
 Section 8.4 Reliance by Administrative Agent. The Administrative
Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order or other document or
conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including counsel to Gannett), independent accountants and other experts
selected by the Administrative Agent. The Administrative Agent may deem and treat the payee of any promissory note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed
with the Administrative Agent. 

 35 
  

 
The Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement unless it shall first receive such advice or
concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it
by reason of taking or continuing to take any such action. The Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement in accordance with a request of the Required Lenders (or, if so
specified by this Agreement, all Lenders), and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans. 
  
 Section 8.5 Notice of Default. The Administrative Agent shall not be
deemed to have knowledge or notice of the occurrence of any Default or Event of Default unless the Administrative Agent has received notice from a Lender or Gannett referring to this Agreement, describing such Default or Event of Default and stating
that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action with respect
to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received such directions, the
Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders. 
  
 Section 8.6 Non-Reliance on Administrative Agent and Other Lenders.
Each Lender expressly acknowledges that neither the Administrative Agent nor any of its respective officers, directors, employees, agents, attorneys-in-fact or affiliates have made any representations or warranties to it and that no act by the
Administrative Agent hereafter taken, including any review of the affairs of a Gannett or any affiliate of Gannett, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the
Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the
business, operations, property, financial and other condition and creditworthiness of Gannett and its affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender also represents that it will,
independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking
or not taking action under this Agreement, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of Gannett and its affiliates. Except for
notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other
information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of Gannett or any affiliate of Gannett that may come into the possession of the Administrative Agent or any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates. 

 36 
  

 Section 8.7 Indemnification. The Lenders agree to indemnify the Administrative Agent in its
capacity as such (to the extent not reimbursed by Gannett and without limiting the obligation of Gannett to do so), ratably according to their respective Aggregate Commitment Percentages in effect on the date on which indemnification is sought under
this Section (or, if indemnification is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Aggregate Commitment Percentages immediately prior to such
date), from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be
imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of, the Commitments, this Agreement or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby
or thereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the Administrative Agent’s gross negligence or willful
misconduct. The agreements in this Section shall survive the payment of the Loans and all other amounts payable hereunder. 
  
 Section 8.8 Agent in Its Individual Capacity. The Administrative Agent and its affiliates may make loans to, accept deposits from and generally
engage in any kind of business with Gannett as though the Administrative Agent were not the Administrative Agent. With respect to its Loans made or renewed by it, the Administrative Agent shall have the same rights and powers under this Agreement as
any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity. 
  
 Section 8.9 Successor Administrative Agent. The Administrative Agent
may resign as Administrative Agent upon 15 Business Days’ notice to the Lenders and Gannett. If the Administrative Agent shall resign as Administrative Agent under this Agreement, then (a) so long as an Event of Default under Section 7.1(a),
7.1(e) or 7.1(f) with respect to Gannett shall not have occurred and be continuing, Gannett shall appoint from among the Lenders a successor agent for the Lenders, which successor agent shall be subject to approval by the Required Lenders (which
approval shall not be unreasonably withheld, conditioned or delayed) and (b) if an Event of Default under Section 7.1(a), 7.1(e) or 7.1(f) with respect to Gannett shall have occurred and be continuing, the Required Lenders shall appoint from among
the Lenders a successor agent for the Lenders, whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon
such appointment and approval, and the former Administrative Agent’s rights, powers and duties as Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the
parties to this Agreement or any holders of the Loans. If no successor agent has accepted appointment as Administrative Agent by the date that is 15 Business Days following a retiring Administrative Agent’s notice of resignation, the retiring
Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of the Administrative Agent hereunder until such time, if any, as the Required Lenders 

 37 
  

 
appoint a successor agent as provided for above. After any retiring Administrative Agent’s resignation as Administrative Agent, the provisions of this
Article 8 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement. 
  
 Section 8.10 Syndication Agent and Documentation Agent. Notwithstanding any provision to the contrary elsewhere in this Agreement, neither the
Syndication Agent nor the Documentation Agent shall have any duties or responsibilities hereunder, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or otherwise exist against either the Syndication Agent or the Documentation Agent. 
  
 ARTICLE IX 
  
 Miscellaneous 
  
 Section 9.1 Amendments and
Waivers. Neither this Agreement nor any terms hereof may be amended, supplemented or modified except in accordance with the provisions of this Section 9.1. The Required Lenders and Gannett may, or, with the written consent of the Required
Lenders, the Administrative Agent and Gannett may, from time to time, (a) enter into written amendments, supplements or modifications hereto for the purpose of adding any provisions to this Agreement or changing in any manner the rights of the
Lenders or of Gannett hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of this Agreement or any
Default or Event of Default and its consequences; provided, however, that no such waiver and no such amendment, supplement or modification shall (i) forgive the principal amount or extend the final scheduled date of maturity of any
Loan, extend the scheduled date of any amortization payment in respect of any Loan, reduce the stated rate of any interest or fee payable hereunder (except (x) in connection with the waiver of applicability of any post-default increase in interest
rates, which waiver shall be effective with the consent of the Required Lenders and (y) that any amendment or modification of defined terms used in the financial covenants in this Agreement shall not constitute a reduction in the rate of interest or
fees for purposes of this clause (i)) or extend the scheduled date of any payment thereof, in each case without the written consent of each Lender directly affected thereby; (ii) eliminate or reduce the voting rights of any Lender under this Section
9.1 or extend or increase the Commitment of any Lender, in each case without the written consent of such Lender; (iii) reduce any percentage specified in the definition of Required Lenders, consent to the assignment or transfer by Gannett of any of
its rights and obligations under this Agreement, in each case without the written consent of all Lenders; (iv) amend, modify or waive any provision of Article 8 without the written consent of the Administrative Agent and any other Agent affected
thereby; or (v) amend, modify or waive any provision of Section 2.13(a) or (b) without the written consent of each Lender directly affected thereby. Any such waiver and any such amendment, supplement or modification shall apply equally to each of
the Lenders and shall be binding on Gannett, the Lenders, the Administrative Agent and all future holders of the Loans. In the case of any waiver, Gannett, the Lenders and the Administrative Agent shall be restored to their former position and
rights hereunder, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon. 

 38 
  

 For the avoidance of doubt, this Agreement may be amended (or amended and restated) with the written
consent of the Required Lenders, the Administrative Agent and Gannett (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to time outstanding thereunder and the accrued interest and
fees in respect thereof (collectively, the “Additional Extensions of Credit”) to share ratably in the benefits of this Agreement with the Loans and the accrued interest and fees in respect thereof and (b) to include appropriately
the Lenders holding such credit facilities in any determination of the Required Lenders. 
  
 Section 9.2 Notices. All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by telecopy), and, unless otherwise expressly provided herein,
shall be deemed to have been duly given or made when delivered, or three Business Days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received, addressed as follows in the case of Gannett and the
Administrative Agent, and as set forth in an administrative questionnaire delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective parties hereto: 
  

			
	Gannett:	  	7950 Jones Branch Drive
	 	  	McLean, VA 22107
	 	  	Attention: Vice President & Treasurer
	 	  	Telecopy: 703-854-2047
	 	  	Telephone: 703-854-6248
		
	The Administrative Agent:	  	Bank of America, N.A.
	 	  	335 Madison Avenue
	 	  	New York, NY 10017
	 	  	Attention: Steven R. Gazzillo
	 	  	Telecopy: 704-409-0912
	 	  	Telephone: 212-503-8328
		
	 	  	With a copy to:
		
	 	  	Bank of America, N.A.
	 	  	335 Madison Avenue, 5th Floor
	 	  	New York, NY 10017
	 	  	Attention: Thomas Kane
	 	  	Telecopy: 212-503-7173
	 	  	Telephone: 212-503-7980

  
 provided that any notice,
request or demand to or upon the Administrative Agent or the Lenders shall not be effective until received. 
  
 Section 9.3 No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent or any
Lender, any right, remedy, 

 39 
  

 
power or privilege hereunder shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder
preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and
privileges provided by law. 
  
 Section 9.4 Survival of
Representations and Warranties. All representations and warranties made hereunder and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery of this Agreement and
the making of the Loans and other extensions of credit hereunder. 
  
 Section 9.5 Payment of Expenses and Taxes. (a) Gannett agrees (i) to pay or reimburse the Administrative Agent for all its reasonable out-of-pocket costs and expenses incurred in connection with the development, preparation and
execution of, and any amendment, supplement or modification to, this Agreement and any other documents prepared in connection herewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the
reasonable fees and disbursements of counsel to the Administrative Agent and filing and recording fees and expenses, with statements with respect to the foregoing to be submitted to Gannett prior to the Restatement Effective Date (in the case of
amounts to be paid on the Restatement Effective Date) and from time to time thereafter on a quarterly basis or such other periodic basis as the Administrative Agent shall deem appropriate, (ii) to pay or reimburse each Lender and the Administrative
Agent for all its reasonable costs and expenses incurred in connection with the enforcement of any rights under this Agreement and any such other documents, including the reasonable fees and disbursements of counsel to each Lender and of counsel to
the Administrative Agent, and (iii) to pay, indemnify, and hold each Lender and the Administrative Agent and their respective officers, directors, employees, affiliates, agents and controlling persons (each, an “Indemnitee”)
harmless from and against any and all other liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever with respect to the execution, delivery, enforcement,
performance and administration of this Agreement and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans and the reasonable fees and expenses of legal counsel in connection with claims, actions or
proceedings by any Indemnitee against Gannett under this Agreement (all the foregoing in this clause (d), collectively, the “Indemnified Liabilities”), provided, that Gannett shall have no obligation hereunder to any
Indemnitee with respect to Indemnified Liabilities to the extent such Indemnified Liabilities have resulted from the gross negligence or willful misconduct of such Indemnitee. All amounts due under this Section 9.5(a) shall be payable not later than
10 days after written demand therefor. 
  
 (b) Notwithstanding
anything to the contrary in Section 9.5(a), (i) Gannett shall have no such obligation for costs and expenses if Gannett prevails or successfully defeats any enforcement or collection proceedings; and (ii) if, by final adjudication in any proceeding
not involving Gannett’s bankruptcy, reorganization or insolvency, the Lenders receive less relief than claimed, Gannett’s obligation for costs and expenses shall be limited proportionately to the relief granted to the Lenders. 

 40 
  

 (c) Gannett agrees to pay, indemnify, and hold each Lender and the Administrative Agent harmless from,
any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise and other taxes, if any, that may be payable or determined to be payable in connection with the execution and
delivery of, or consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement and any such other documents. 
  
 (d) If Gannett is required to commence proceedings against any Lender to
enforce its Commitment, the Lender will pay Gannett’s reasonable costs and expenses (including attorneys’ fees) if Gannett succeeds, or a share of such reasonable costs and expenses proportionate to Gannett’s recovery if Gannett is
only partially successful. 
  
 (e) The agreements in this Section
9.5 shall survive repayment of the Loans and all other amounts payable hereunder. 
  
 Section 9.6 Successors and Assigns; Participations and Assignments. (a) This Agreement shall be binding upon and inure to the benefit of Gannett, the Lenders, the Administrative Agent, all future holders of the
Loans and their respective successors and assigns, except that Gannett may not assign or transfer any of its rights or obligations under this Agreement without the prior written consent of each Lender. 
  
 (b) Any Lender other than any Conduit Lender may, without the consent of
Gannett or the Administrative Agent, in accordance with applicable law, at any time sell to one or more banks, financial institutions or other entities (each, a “Participant”) participating interests in any Loan owing to such
Lender, any Commitment of such Lender or any other interest of such Lender hereunder. In the event of any such sale by a Lender of a participating interest to a Participant, such Lender’s obligations under this Agreement to the other parties to
this Agreement shall remain unchanged, such Lender shall remain solely responsible for the performance thereof, such Lender shall remain the holder of any such Loan for all purposes under this Agreement, and Gannett and the Administrative Agent
shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. In no event shall any Participant under any such participation have any right to approve any amendment or
waiver of any provision of this Agreement, or any consent to any departure by Gannett therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Loans or any fees payable hereunder, or
postpone the date of the final maturity of the Loans, in each case to the extent subject to such participation. Gannett agrees that if amounts outstanding under this Agreement and the Loans are due or unpaid, or shall have been declared or shall
have become due and payable upon the occurrence of an Event of Default, each Participant shall, to the maximum extent permitted by applicable law, be deemed to have the right of setoff in respect of its participating interest in amounts owing under
this Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement, provided that, in purchasing such participating interest, such Participant shall be deemed to have
agreed to share with the Lenders the proceeds thereof as provided in Section 9.7(a) as fully as if it were a Lender hereunder. Gannett also agrees that each Participant shall be entitled to the benefits of Sections 2.14, 2.15 and 2.16 with respect
to its participation in the Commitments and the Loans 

 41 
  

 
outstanding from time to time as if it was a Lender; provided that, in the case of Section 2.15, such Participant shall have complied with the
requirements of said Section and provided, further, that no Participant shall be entitled to receive any greater amount pursuant to any such Section than the transferor Lender would have been entitled to receive in respect of the
amount of the participation transferred by such transferor Lender to such Participant had no such transfer occurred. 
  
 (c) Any Lender other than any Conduit Lender (an “Assignor”) may, in accordance with applicable law, at any time and from time to time
assign to any Lender or, with the consent of Gannett and the Administrative Agent (which, in each case, shall not be unreasonably withheld, delayed or conditioned; it being understood that (i) the Administrative Agent and each Lender effecting an
assignment to any Person other than a Lender should notify Gannett as promptly as possible of any request for assignment and Gannett, in turn, should promptly consider such request for assignment; and (ii) Gannett’s consent shall not be
considered to be unreasonably withheld, delayed or conditioned if Gannett withholds, delays or conditions its consent because, among other factors, it is concerned about a potential Assignee’s capital adequacy, liquidity or ability to perform
its obligations under this Agreement), to any Lender Affiliate, an additional bank, financial institution or other entity (an “Assignee”) all or any part of its rights and obligations under this Agreement pursuant to an Assignment
and Acceptance, executed by such Assignee, such Assignor and any other Person whose consent is required pursuant to this paragraph, and delivered to the Administrative Agent for its acceptance and recording in the Register; provided that,
unless otherwise agreed by Gannett and the Administrative Agent, no such assignment to an Assignee (other than any Lender or any Lender Affiliate) shall be in an aggregate principal amount of less than $10,000,000, in each case except in the case of
an assignment of all of a Lender’s interests under this Agreement. For purposes of the proviso contained in the preceding sentence, the amount described therein shall be aggregated in respect of each Lender and its Lender Affiliates, if any.
Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such Assignment and Acceptance, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment and
Acceptance, have the rights and obligations of a Lender hereunder with a Commitment and/or Loans as set forth therein, and (y) the Assignor thereunder shall, to the extent provided in such Assignment and Acceptance, be released from its obligations
under this Agreement (and, in the case of an Assignment and Acceptance covering all of an Assignor’s rights and obligations under this Agreement, such Assignor shall cease to be a party hereto). Notwithstanding any provision of this Section
9.6, the consent of Gannett shall not be required for any assignment that occurs when an Event of Default shall have occurred and be continuing. Notwithstanding the foregoing, any Conduit Lender may assign at any time to its designating Lender
hereunder without the consent of Gannett or the Administrative Agent any or all of the Loans it may have funded hereunder and pursuant to its designation agreement and without regard to the limitations set forth in the first sentence of this Section
9.6(c). 
  
 (d) The Administrative Agent shall, on behalf of
Gannett, maintain at its address referred to in Section 9.2 a copy of each Assignment and Acceptance delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders and the Commitment
of, and the principal amount of the Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the absence of manifest error, and Gannett, the Administrative Agent and the Lenders shall treat each Person whose
name is recorded in the 

 42 
  

 
Register as the owner of the Loans and any promissory notes evidencing the Loans recorded therein for all purposes of this Agreement. Any assignment of any
Loan, whether or not evidenced by a promissory note, shall be effective only upon appropriate entries with respect thereto being made in the Register. Any assignment or transfer of all or part of a Loan evidenced by a promissory note shall be
registered on the Register only upon surrender for registration of assignment or transfer of the promissory note evidencing such Loan, accompanied by a duly executed Assignment and Acceptance, and thereupon one or more new promissory notes shall be
issued to the designated Assignee. 
  
 (e) Upon its receipt of an
Assignment and Acceptance executed by an Assignor, an Assignee and any other Person whose consent is required by Section 9.6(c), together with payment to the Administrative Agent of a registration and processing fee of $3,500 (except that no such
registration and processing fee shall be payable in the case of an Assignee which is a Lender Affiliate of the relevant Assignor), the Administrative Agent shall (i) promptly accept such Assignment and Acceptance and (ii) record the information
contained therein in the Register on the effective date determined pursuant thereto. 
  
 (f) For avoidance of doubt, the parties to this Agreement acknowledge that the provisions of this Section 9.6 concerning assignments relate only to absolute assignments and that such provisions do not prohibit
assignments creating security interests, including any pledge or assignment by a Lender to secure obligations to a Federal Reserve Bank in accordance with applicable law; provided that no such pledge or assignment shall release a Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 
  
 (g) Gannett, upon receipt of written notice from the relevant Lender, agrees to issue a promissory note to any Lender requiring such a note to facilitate
transactions of the type described in paragraph (f) above. 
  
 (h)
Each of Gannett, each Lender and the Administrative Agent hereby confirms that it will not institute against a Conduit Lender or join any other Person in instituting against a Conduit Lender any bankruptcy, reorganization, arrangement, insolvency or
liquidation proceeding under any state bankruptcy or similar law, for one year and one day after the payment in full of the latest maturing commercial paper note issued by such Conduit Lender; provided, however, that each Lender designating
any Conduit Lender hereby agrees to indemnify, save and hold harmless each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such Conduit Lender. 
  
 Section 9.7 Adjustments; Set-off. (a) Except to the extent that this
Agreement expressly provides for payments to be allocated to a particular Lender, if any Lender (a “Benefited Lender”) shall, at any time after the Loans and other amounts payable hereunder shall immediately become due and payable
pursuant to Section 7.2, receive any payment of all or part of the obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to
in Section 7.1(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if any, in respect of the obligations owing to such other Lender, such Benefited Lender shall purchase for cash from the
other Lenders a participating interest in such portion of 

 43 
  

 
the obligations owing to each such other Lender, or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause
such Benefited Lender to share the excess payment or benefits of such collateral ratably with each of the Lenders; provided, however, that if all or any portion of such excess payment or benefits is thereafter recovered from such
Benefited Lender, such purchase shall be rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest. 
  
 (b) In addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to Gannett, any such
notice being expressly waived by Gannett to the extent permitted by applicable law, upon any amount becoming due and payable by Gannett hereunder (whether at the stated maturity, by acceleration or otherwise), to set off and appropriate and apply
against such amount any and all deposits (general or special, time or demand, provisional or final), in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent,
matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the account of Gannett, as the case may be. Each Lender agrees promptly to notify Gannett and the Administrative Agent after any
such setoff and application made by such Lender, provided that the failure to give such notice shall not affect the validity of such setoff and application. 
  
 Section 9.8 Counterparts. This Agreement may be executed by one or more of the parties to this Agreement on any
number of separate counterparts, and all of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of this Agreement by facsimile transmission shall be effective as delivery
of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with Gannett and the Administrative Agent. 
  
 Section 9.9 Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or
render unenforceable such provision in any other jurisdiction. 
  
 Section 9.10 Integration. This Agreement represents the entire agreement of Gannett, the Administrative Agent and the Lenders with respect to the subject matter hereof and thereof, and there are no promises, undertakings,
representations or warranties by the Administrative Agent or any Lender relative to the subject matter hereof not expressly set forth or referred to herein. 
  
 Section 9.11 GOVERNING LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND
CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
  
 Section 9.12 Submission To Jurisdiction; Waivers. Gannett hereby irrevocably and unconditionally: 
  
 (a) submits for itself and its property in any legal action or proceeding relating to this Agreement, or for recognition and enforcement
of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States for the Southern District of New York, and appellate courts from any thereof; 

 44 
  

 (b) consents that any such action or proceeding may be brought in such courts and waives
any objection that it may now or hereafter have to the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same; 
  
 (c) agrees that service of process in any such action or
proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail), postage prepaid, to Gannett at its address set forth in Section 9.2 or at such other address of which the
Administrative Agent shall have been notified pursuant thereto; and 
  
 (d) agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction. 
  
 Section 9.13 Acknowledgements. Gannett hereby acknowledges that:

  
 (a) it has been advised by counsel in the
negotiation, execution and delivery of this Agreement; 
  
 (b) neither the Administrative Agent nor any Lender has any fiduciary relationship with or duty to Gannett arising out of or in connection with this Agreement, and the relationship between Administrative Agent and Lenders, on one hand, and
Gannett, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and 
  
 (c) no joint venture is created hereby or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among
Gannett and the Lenders. 
  
 Section 9.14 Confidentiality.
Each of the Administrative Agent and each Lender agrees to keep confidential all non-public information provided to it by Gannett pursuant to this Agreement; provided that nothing herein shall prevent the Administrative Agent or any Lender
from disclosing any such information (a) to the Administrative Agent, any other Lender or any Lender Affiliate subject to this Section 9.14, (b) subject to an agreement to comply with the provisions of this Section, to any actual or prospective
Transferee or any direct or indirect counterparty to any Hedge Agreement (or any professional advisor to such counterparty), (c) to its employees, directors, agents, attorneys, accountants and other professional advisors or those of any of its
affiliates, provided that such Persons to whom disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential, (d) upon the request or demand of any Governmental
Authority or in response to any order of any court or other Governmental Authority, upon prior written notice to Gannett to the extent reasonably practicable, (e) to the extent required by any Requirement of Law (other than as provided in clause (d)
above) or in connection with any litigation or similar proceeding, 

 45 
  

 
provided that Gannett shall be promptly notified, to the extent reasonably practicable, prior to any such disclosure so that Gannett may contest such
disclosure or seek confidential treatment thereof, (f) that has been publicly disclosed, (g) to any nationally recognized rating agency that requires access to information about a Lender’s investment portfolio in connection with ratings issued
with respect to such Lender, or (h) in connection with the exercise of any remedy hereunder. 
  
 Section 9.15 USA PATRIOT Act. Each Lender hereby notifies Gannett that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”),
it is required to obtain, verify and record information that identifies Gannett, which information includes the name and address of Gannett and other information that will allow such Lender to identify Gannett in accordance with the Act. 

 
 Section 9.16 No Novation, etc. The terms and conditions of the
Existing Credit Agreement are amended as set forth in, and restated in their entirety and superseded by, this Agreement. Nothing in this Agreement shall be deemed to be a novation of any of the obligations under the Existing Credit Agreement.
Notwithstanding any provision of this Agreement or any other instrument executed in connection herewith, the execution and delivery of this Agreement and the incurrence of obligations hereunder shall be in substitution for, but not in payment of,
the obligations owed by Gannett under the Existing Credit Agreement. 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

  

			
	GANNETT CO., INC.
		
	By:	 	 /s/ Michael A. Hart

	Name:	 	Michael A. Hart
	Title:	 	Vice President & Treasurer
	
	BANK OF AMERICA, N.A., as Administrative Agent
		
	By:	 	 /s/ Thomas J. Kane

	Name:	 	Thomas J. Kane
	Title:	 	Senior Vice President
	
	JPMORGAN CHASE BANK, N.A., as Syndication Agent
		
	By:	 	 /s/ David M. Mallett

	Name:	 	David M. Mallett
	Title:	 	Vice President
	
	BARCLAYS BANK PLC, as Documentation Agent
		
	By:	 	 /s/ David Barton

	Name:	 	David Barton
	Title:	 	Manager

  
 December 2004
Amended and Restated Competitive Advance 
 and Revolving Credit Agreement Signature Page 

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	BARCLAYS BANK PLC
		
	By:	 	 /s/ David Barton

	Name:	 	David Barton
	Title:	 	Manager

  
 Dated as of December 10, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	JPMORGAN CHASE BANK, NA
		
	By:	 	 /s/ David M. Mallett

	Name:	 	David M. Mallett
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	THE NORTHERN TRUST
		
	By:	 	 /s/ Forrest Vollrath

	Name:	 	Forrest Vollrath
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	SUNTRUST BANK
		
	By:	 	 /s/ Thomas C. Palmer

	Name:	 	Thomas C. Palmer
	Title:	 	Managing Director

  
 Dated as of December 10, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	BANK OF TOKYO-MITSUBISHI TRUST COMPANY
		
	By:	 	 /s/ Karen Ossolinski

	Name:	 	Karen Ossolinski
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	UFJ BANK LIMITED
		
	By:	 	 /s/ John T. Feeney

	Name:	 	John T. Feeney
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	BANK OF HAWAII
		
	By:	 	 /s/ Luke Yeh

	Name:	 	Luke Yeh
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	MELLON BANK, N.A.
		
	By:	 	 /s/ William M. Feathers

	Name:	 	William M. Feathers
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	WACHOVIA BANK, N.A.
		
	By:	 	 /s/ John Brady

	Name:	 	John Brady
	Title:	 	Director

  
 Dated as of December 10, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	FIFTH THIRD BANK
		
	By:	 	 /s/ David C. Melm

	Name:	 	David C. Melm
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	HSBC BANK USA N.A.
		
	By:	 	 /s/ Darren Pinsker

	Name:	 	Darren Pinsker
	Title:	 	Senior Vice President

  
 Dated as of December 10, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	LLOYDS TSB BANK PLC
		
	By:	 	 /s/ Windsor R. Davies

	Name:	 	Windsor R. Davies
	Title:	 	Director, Corporate Banking, USA
	 	 	D061
		
	By:	 	 /s/ Deborah Carlson

	Name:	 	Deborah Carlson
	Title:	 	VP & Manager - Business Development Corporate Banking
	 	 	 C103

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	WELLS FARGO BANK, National Association
		
	By:	 	 /s/ Lori A. Ross

	Name:	 	Lori A. Ross
	Title:	 	Vice President

  
 Dated as of December 10, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	CITIBANK, N.A.
		
	By:	 	 /s/ Catalina Satz

	Name:	 	Catalina Satz
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	FIRST HAWAIIAN BANK
		
	By:	 	 /s/ Alan H. Arizumi

	Name:	 	Alan H. Arizumi
	Title:	 	Senior Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Thomas J. Kane

	Name:	 	Thomas J. Kane
	Title:	 	Senior Vice President

  
 Dated as of December 13, 2004

 AMENDED AND RESTATED COMPETITIVE ADVANCE 
 AND REVOLVING CREDIT AGREEMENT 
  
 ADDENDUM 
  
 The undersigned (i)
agrees to all of the provisions of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of
January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders
parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent, and (ii) becomes a party thereto, as a Lender, with a
Five-Year Commitment as set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ John Franceschi

	Name:	 	John Franceschi
	Title:	 	Vice President

  
 Dated as of December 13, 2004

 SCHEDULE 1.1 to 
 CREDIT AGREEMENT 
  
 Commitments 
  

				
	 Lenders

	  	Five-Year
Commitment

	 Bank of America, N.A.
	  	$	270,000,000
	 JPMorgan Chase Bank, N.A.
	  	 	270,000,000
	 Barclays Bank PLC
	  	 	150,000,000
	 HSBC Bank USA N.A.
	  	 	112,500,000
	 Citibank N.A.
	  	 	90,000,000
	 Wachovia Bank, N.A.
	  	 	100,000,000
	 Lloyds TSB Bank, plc
	  	 	50,000,000
	 Wells Fargo Bank, National Association
	  	 	87,500,000
	 SunTrust Bank, National Association
	  	 	50,000,000
	 The Northern Trust
	  	 	40,000,000
	 Bank of Tokyo-Mitsubishi Trust Company
	  	 	25,000,000
	 UFJ Bank Limited
	  	 	22,500,000
	 U.S. Bank National Association
	  	 	25,000,000
	 Fifth Third Bank
	  	 	25,000,000
	 Bank of Hawaii
	  	 	25,000,000
	 First Hawaiian Bank
	  	 	10,000,000
	 Mellon Bank, N.A.
	  	 	12,500,000
	 	  	
	

	 Total
	  	$	1,365,000,000

 EXHIBIT A to the  
 CREDIT AGREEMENT 
  
 FORM OF
ADDENDUM 
  
 The undersigned (i) agrees to all of the provisions
of the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein as therein defined unless otherwise defined), among Gannett Co., Inc., the lenders parties thereto (the
“Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent, and (ii) becomes a party thereto, as a Lender, with a Five-Year Commitment as
set forth opposite the undersigned Lender’s name on Schedule 1.1 to the Credit Agreement, as such amount may be changed from time to time as provided in the Credit Agreement. 
  

			
	  

	(NAME OF LENDER)
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
 Dated as of December
    , 2004 

 EXHIBIT B to the  
 CREDIT AGREEMENT 
  
 FORM OF
ASSIGNMENT AND ACCEPTANCE 
  
 Reference is made to the Amended and
Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation (“Gannett”), the several
banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as
Documentation Agent. 
  
 The Assignor identified on Schedule
l hereto (the “Assignor”) and the Assignee identified on Schedule l hereto (the “Assignee”) agree as follows: 
  
 1. The Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably purchases and
assumes from the Assignor without recourse to the Assignor, as of the Effective Date (as defined below), the interest described in Schedule 1 hereto (the “Assigned Interest”) in and to the Assignor’s rights and
obligations under the Credit Agreement with respect to those credit facilities contained in the Credit Agreement as are 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. 
  
 2. The Assignor (a) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made
in or in connection with the Credit Agreement or with respect to the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument or document furnished pursuant thereto, other than
that the Assignor 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; and (b) makes no representation or warranty and assumes no responsibility with
respect to the financial condition of Gannett, any of its Subsidiaries or any other obligor or the performance or observance by Gannett, any of its Subsidiaries or any other obligor of any of their respective obligations under the Credit Agreement
or any other instrument or document furnished pursuant hereto or thereto. 
  
 3. The Assignee (a) represents and warrants that it is legally authorized to enter into this Assignment and Acceptance; (b) confirms that it has received a copy of the Credit Agreement, together with copies of the
most recent financial statements delivered pursuant thereto, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Acceptance; (c) agrees that it will,
independently and without reliance upon the Assignor, the Administrative Agent or any other 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 Credit Agreement 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 Credit Agreement 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 Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender. 
  
 4. The effective date of this Assignment and Acceptance shall be the
Effective Date of Assignment described in Schedule 1 hereto (the “Effective Date”). Following the execution of this 

 2 
  

 
Assignment and Acceptance, it will be delivered to the Administrative Agent and to Gannett for their consent (if such consent is required) and, if such
consent is granted, for acceptance and recording by the Administrative Agent pursuant to the Credit Agreement, effective as of the Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five Business
Days after the date of such acceptance and recording by the Administrative Agent). IN THE CASE OF ASSIGNMENTS TO AN ASSIGNEE OTHER THAN AN EXISTING LENDER, THE ASSIGNOR AND ASSIGNEE HEREBY ACKNOWLEDGE THAT THIS ASSIGNMENT SHALL NOT BE
EFFECTIVE UNTIL CONSENT FOR SUCH ASSIGNMENT IS GRANTED BY GANNETT AND THIS ASSIGNMENT IS SIGNED BY EACH OF GANNETT AND THE ADMINISTRATIVE AGENT; PROVIDED THAT THE CONSENT AND SIGNATURE OF GANNETT IS NOT REQUIRED IF AN EVENT OF DEFAULT SHALL HAVE
OCCURRED AND BE CONTINUING. 
  
 5. Upon such consent,
acceptance and recording, from and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignee whether such
amounts have accrued prior to or on or after the Effective Date. The Assignor and the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Effective Date or with respect to the making of
this assignment directly between themselves. 
  
 6. From and after
the Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and shall be bound by the provisions thereof and (b)
the Assignor shall, to the extent provided in this Assignment and Acceptance, relinquish its rights and be released from its obligations under the Credit Agreement. 
  
 7. This Assignment and Acceptance shall be governed by and construed in accordance with the laws of the State of New York.

 3 
  

 IN WITNESS WHEREOF, the parties hereto have caused this Assignment and Acceptance to be executed as of
the date first above written by their respective duly authorized officers on Schedule 1 hereto. 

 4 
  

 Schedule 1 
  

							
	 Facility Assigned

	  	Principal Amount
Assigned

	  	Percentage Assigned of Facility
(set forth, to at least 8 decimals,
as a percentage of the aggregate
Facility)

	 
	 Five-Year Facility:
	  	$	            	  	            	%
	 Incremental Facility:
	  	 	 	  	 	 

  
 Effective Date of Assignment:
                         ,             

  

			
	[Name of Assignor], as Assignor
		
	By:	 	  

	Name:	 	 
	Title:	 	 
	
	[Name of Assignee], as Assignee
		
	By:	 	  

	Name:	 	 
	Title:	 	 

  
 The undersigned hereby consent
to the within assignment: 
  

							
	GANNETT CO., INC.	  	 BANK OF AMERICA, N.A., as
 Administrative
Agent

				
	By:	 	  

	  	By:	 	  

	Name:	 	 	  	Name:	 	 
	Title:	 	 	  	Title:	 	 

 EXHIBIT C-1 to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPETITIVE BID REQUEST 
  
 Bank of America, N.A., as Administrative 

Agent for the Lenders referred to below 
 335 Madison Avenue 
 New York, NY 10017 
  
                     ,      
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 The undersigned, Gannett Co., Inc. (“Gannett”), refers to the Amended and Restated Competitive Advance and Revolving Credit Agreement,
dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit
Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett, the several banks and other financial institutions or entities from time to time parties thereto (the
“Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent. Gannett hereby gives you notice pursuant to subsection 2.3(b) of the Credit
Agreement that it requests a Competitive Loan under the Credit Agreement, and in that connection sets forth below the terms on which such Competitive Loan is requested to be made: 
  

					
	(A)	  	Facility under which Competitive Borrowing is to be made	  	_______________________________________
			
	(B)	  	Borrowing Date	  	_______________________________________
			
	(C)	  	Principal Amount of Competitive Borrowing1	  	_______________________________________
			
	(D)	  	Interest rate basis2	  	_______________________________________
			
	(E)	  	Interest Period and the last day thereof3	  	_______________________________________

	1	Not less than $10,000,000 (and in integral multiples of $1,000,000 in excess thereof) or greater than the excess, if any, of the aggregate Five-Year Commitments or
Incremental Facility Commitments, as applicable, over the aggregate principal amount of all Five-Year Loans or Incremental Loans, as applicable, outstanding immediately prior to the making of such requested Competitive Borrowing.

	2	Eurodollar Competitive Loan or Fixed Rate Loan. 

	3	Which shall be subject to the definition of “Interest Period” and end on or before the Five-Year Termination Date or Incremental Facility Maturity Date, as
applicable. 

 2 
  

			
	Very truly yours,
	
	GANNETT CO., INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 

 EXHIBIT C-2 to the 
 CREDIT AGREEMENT 
  
 FORM OF
INVITATION FOR COMPETITIVE BIDS 
  
 [Name of Lender] 
 [Address] 
  
                     ,      
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 Reference is made to the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18,
2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein
defined unless otherwise defined), among Gannett Co., Inc. (“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto, Bank of America, N.A., as Administrative Agent, JPMorgan Chase
Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent. Gannett made a Competitive Bid Request on                     ,
    , pursuant to subsection 2.3(b) of the Credit Agreement, and in that connection you are invited to submit a Competitive Bid by [Date]/[Time].4 Your Competitive Bid must comply with subsection 2.3(d) of the Credit Agreement and the terms set forth below on which the Competitive Bid Request was made:

  

					
	(A)	  	Facility under which Competitive Borrowing is to be made	  	_______________________________________
			
	(B)	  	Borrowing Date	  	_______________________________________
			
	(C)	  	Principal Amount of Competitive Borrowing	  	_______________________________________
			
	(D)	  	Interest rate basis5	  	_______________________________________
			
	(E)	  	Interest Period and the last day thereof6	  	_______________________________________

  

			
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By:	 	  

	Name:	 	 
	Title:	 	 

	4	The Competitive Bid must be received by the Administrative Agent (i) in the case of Eurodollar Competitive Loans, not later than 9:30 A.M. (Dallas, TX time) three
Business Days prior to the proposed Borrowing Date, and (ii) in the case of Fixed Rate Loans, not later than 9:30 A.M. (Dallas, TX time) on the proposed Borrowing Date. 

	5	Eurodollar Competitive Loan or Fixed Rate Loan. 

	6	Which shall be subject to the definition of “Interest Period” and end on or before the Five-Year Termination Date or Incremental Facility Maturity Date, as
applicable. 

 EXHIBIT C-3 to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPETITIVE BID 
  
 Bank of America, N.A., as Administrative 
 Agent for the Lenders referred to below 
 335 Madison Avenue 
 New York, NY 10017 
  
                     ,      
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 The undersigned, [Name of Lender], refers to the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and
effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein
being used herein are therein defined unless otherwise defined), among Gannett Co., Inc. (“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”),
Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent. The undersigned hereby makes a Competitive Bid pursuant to subsection 2.3(d) of the Credit Agreement, in
response to the Competitive Bid Request made by Gannett on                     ,     , and in that connection sets
forth below the terms on which such Competitive Bid is made: 
  

					
	(A)	  	Facility under which Competitive Borrowing is to be made	  	_______________________________________
			
	(B)	  	Borrowing Date	  	_______________________________________
			
	(C)	  	Principal Amount1	  	_______________________________________
			
	(D)	  	Competitive Bid Rate2	  	_______________________________________
			
	(E)	  	Interest Period and the last day thereof	  	_______________________________________

  

	1	Not less than $5,000,000 or greater than the requested Competitive Borrowing and in integral multiples of $1,000,000 and may be subject to limitation as to the
maximum aggregate principal amount of Competitive Loans for which offers made by such quoting Lender may be accepted. Up to five separate offers may be included with respect to each Interest Period. 

	2	i.e., Eurodollar Rate + or -     %, in the case of Eurodollar Competitive Loans or     %, in the
case of Fixed Rate Loans, in each case specified in increments of 1/10,000th of 1%. 

 2 
  

 The undersigned hereby confirms that the above offer(s) are irrevocable and that it is prepared, subject
to the conditions set forth in the Credit Agreement, to extend credit to Gannett upon acceptance by Gannett of this bid in accordance with subsection 2.3(f) of the Credit Agreement. 
  

			
	Very truly yours,
	
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	 
	Title:	 	 

 EXHIBIT C-4 to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPETITIVE BID ACCEPT/REJECT LETTER 
  
                     ,      
  
 Bank of America, N.A., as Administrative 
 Agent
for the Lenders referred to below 
 335 Madison Avenue 
 New
York, NY 10017 
  
 Attention: 
  
 Dear Ladies and Gentlemen: 
  
 The undersigned, Gannett Co., Inc. (“Gannett”), refers to the Amended and Restated Competitive Advance and
Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the
“Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett, the several banks and other financial institutions or entities from time to time parties thereto, Bank of
America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent. 
  
 In accordance with subsection 2.3(e) of the Credit Agreement, we have received a summary of bids in connection with our Competitive Bid Request dated
                    ,      and in accordance with subsection 2.3(f) of the Credit Agreement, we hereby accept the
following bids: 
  

							
	 Principal Amount

	  	 Fixed Rate/Margin

	  	Maturity Date

	  	Lender

	 $
	  	[%]/[+/-.    %]	  	 	  	 
	
	We hereby reject the following bids:
				
	 Principal Amount

	  	 Fixed Rate/Margin

	  	Maturity Date

	  	Lender

	 $
	  	[%]/[+/-.    %]	  	 	  	 

  
 The
$             should be deposited in Bank of America, N.A. account number [        ] on [date]. 

 2 
  

 Upon acceptance of any or all of the Loans offered by the Lenders in response to this request, Gannett
shall be deemed to have represented and warranted that the conditions to lending specified in Article IV of the Credit Agreement have been satisfied. 
  

			
	Very truly yours,
	
	GANNETT CO., INC.
		
	By:	 	  

	Name:	 	 
	Title:	 	 

 EXHIBIT D-1 to the 
 CREDIT AGREEMENT 
  
 FORM OF
NEW LENDER SUPPLEMENT 
  
 SUPPLEMENT, dated
                    , to the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective
as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used
herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation (“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto (the
“Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent. 
  
 W I T N E S S E T H : 
  
 WHEREAS, the Credit Agreement provides in Section 2.1(e) thereof that any bank, financial institution or other entity may become a party to the Credit
Agreement in connection with any transaction described in Section 2.1(d) thereof with the consent of Gannett and the Administrative Agent (which consent, in the case of the Administrative Agent, shall not be unreasonably withheld) by executing and
delivering to Gannett and the Administrative Agent a supplement to the Credit Agreement in substantially the form of this Supplement; and 
  
 WHEREAS, the undersigned now desires to become a party to the Credit Agreement; 
  
 NOW, THEREFORE, the undersigned hereby agrees as follows:

  
 1. The undersigned agrees to be bound by the
provisions of the Credit Agreement, and agrees that it shall, on the date this Supplement is accepted by Gannett and the Administrative Agent, become a Lender for all purposes of the Credit Agreement to the same extent as if originally a party
thereto, with [Five-Year Commitments of $                    ] [Incremental Facility Commitments of
$                    ]. 
  
 2. The undersigned (a) represents and warrants that it is legally authorized to enter into this Supplement; (b) confirms that it has
received a copy of the Credit Agreement, together with copies of the financial statements referred to in Section 3.2 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter
into this Supplement; (c) agrees that it has made and will, independently and without reliance upon the Administrative Agent or any other 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 Credit Agreement or any 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 Credit Agreement or any 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 Credit Agreement and will perform in accordance with its terms all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender
including, without limitation, if it is organized under the laws of a jurisdiction outside the United States, its obligation pursuant to Section 2.15(d) of the Credit Agreement. 

 2 
  

 3. The undersigned’s address for notices for the purposes of the Credit Agreement is
as follows: 
  
 ___________________________________ 
  
 ___________________________________ 
  
 ___________________________________ 
  
 IN WITNESS WHEREOF, the undersigned has caused this Supplement to be executed
and delivered by a duly authorized officer on the date first above written. 
  

			
	[INSERT NAME OF LENDER]
		
	By:	 	  

	Title:	 	 

  

			
	Accepted this              day of
	                    ,     .
	
	GANNETT CO., INC.
		
	By	 	  

	Title:	 	 
	
	Accepted this      day of
	                    ,     .
	
	 BANK OF AMERICA, N.A.,
 as Administrative
Agent

		
	By	 	  

	Title:	 	 

 EXHIBIT D-2 to the 
 CREDIT AGREEMENT 
  
 FORM OF
INCREMENTAL FACILITY ACTIVATION NOTICE 
  

			
	To:	  	 BANK OF AMERICA, N.A.,
 as Administrative Agent under the
Credit Agreement referred to below

  
 Reference is hereby
made to the Amended and Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended,
supplemented or otherwise modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation
(“Gannett”), the several banks and other financial institutions or entities from time to time parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as
Syndication Agent, and Barclays Bank PLC, as Documents Agent. 
  
 This notice is an Incremental Facility Activation Notice referred to in the Credit Agreement, and Gannett and each of the Lenders party hereto hereby notify you that: 
  

	 	1.	Each Lender party hereto agrees to make or increase the amount of its [Five-Year Commitment] [Incremental Facility Commitment] as set forth opposite such Lender’s name below
under the caption “Incremental Facility Amount”. 

  

	 	2.	The Incremental Facility Closing Date is                     .

  

	 	[3.	The Incremental Facility Maturity Date is                     .]

  

					
	 	 	GANNETT CO., INC.
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 
		
	Incremental Facility Amount	 	[NAME OF LENDER]
			
	$	 	 	 	 
			
	 	 	By:	 	  

	 	 	Name:	 	 
	 	 	Title:	 	 

  

			
	CONSENTED TO:
	
	BANK OF AMERICA, N.A.,
	as Administrative Agent
		
	By	 	  

	Name:	 	 
	Title:	 	 

 EXHIBIT E to the 
 CREDIT AGREEMENT 
  
 FORM OF
EXEMPTION CERTIFICATE 
  
 Reference is made to the Amended and
Restated Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (as amended, supplemented or otherwise
modified from time to time, the “Credit Agreement”; terms defined therein being used herein are therein defined unless otherwise defined), among Gannett Co., Inc., a Delaware corporation (“Gannett”), the several
banks and other financial institutions or entities from time to time parties thereto, Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documentation Agent. [Name of Non-U.S.
Person] (the “Lender”) is providing this certificate pursuant to subsection 2.15(d) of the Credit Agreement. The Lender hereby represents and warrants that: 
  
 1. The Lender is the sole record and beneficial owner of the Loans in respect of which it is providing this certificate.

  
 2. The Lender is not a “bank” for purposes of
Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”). In this regard, the Lender represents and warrants that: 
  

(a) the Lender is not subject to regulatory or other legal requirements as a bank in any jurisdiction; and 
  
 (b) the Lender has not been treated as a bank for purposes of any tax,
securities law or other filing or submission made to any governmental authority, any application made to a rating agency or qualification for any exemption from tax, securities law or other legal requirements. 
  
 3. The Lender meets all of the requirements under Code Section 871(a) or
881(c) to be eligible for a complete exemption from withholding of taxes on interest payments made to it under the Credit Agreement (i.e., Gannett will not be required to withhold any amounts under U.S. tax law with respect to such interest
payments), including without limitation that it is not a 10-percent shareholder (within the meaning of Section 871(h)(3)(B) of the Code) of Gannett and is not a controlled foreign corporation related to Gannett (within the meaning of Section
864(d)(4) of the Code). 
  
 4. The Lender shall promptly notify
Gannett and the Administrative Agent if any of the representations and warranties made herein are no longer true and correct. 
  
 IN WITNESS WHEREOF, the undersigned has duly executed this certificate as of the      day of
                    ,     . 
  

			
	[NAME OF LENDER]
		
	By:	 	  

	Name:	 	 
	Title:	 	 

 EXHIBIT F to the 
 CREDIT AGREEMENT 
  
 FORM OF
OPINION OF NIXON PEABODY LLP 
  
 [Letterhead of Nixon Peabody LLP]

  
 [DATE] 
  
 To the Lenders parties to the Amended and Restated Competitive 
 Advance and Revolving Credit Agreement dated as of 
 March 11, 2002 and
effective as of March 18, 2002, 
 as amended and restated as of December 13, 2004 
 and effective as of January 5, 2005, 
 among Gannett Co., Inc., the Lenders parties thereto, 
 Bank of America, N.A., as Administrative Agent, 
 JPMorgan Chase Bank, N.A.,
as Syndication Agent, and 
 Barclays Bank PLC, as Documents Agent 
  
 Ladies and Gentlemen: 
  
 We are counsel to Gannett Co., Inc., a Delaware corporation (“Gannett”), and as such we are familiar with the Amended and Restated
Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005, among Gannett, the several lenders from time to
time parties thereto (the “Lenders”), Bank of America, N.A., as Administrative Agent (the “Administrative Agent”), JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent (the
“Credit Agreement”). Capitalized terms defined in the Credit Agreement are used herein with the respective meanings assigned to such terms in the Credit Agreement. 
  
 In connection with this opinion, we have examined, among other documents, an executed copy of the Credit Agreement and
Gannett’s Restated Certificate of Incorporation, as amended, and By-laws, as amended. Subject to the assumptions and qualifications contained herein, we also have examined originals or copies, certified or otherwise identified to our
satisfaction, of such other documents, and made such investigations of law, as we have deemed necessary or appropriate as a basis for the opinions expressed below. We also have relied upon certificates and other documents from public officials.

  
 In rendering the following opinions, we have assumed, without
investigation, the authenticity of any document or other instrument submitted to us as an original, the conformity to the originals of any document or other instrument submitted to us as a copy, the legal capacity of natural persons, and the
genuineness of all signatures on such originals or copies. 
  
 We
express no opinion herein as to (i) any provisions of the Credit Agreement which provide for indemnification, waiver or release to the extent such provisions may be limited or rendered, unenforceable, in whole or in part, by securities laws,
criminal statutes or other laws or the policies underlying such laws and by the effect of general rules of contract law that limit the enforceability of provisions releasing, exculpating or exempting a party from, or requiring indemnification for
liability for action or inaction, to the extent the action or inaction involves gross negligence, recklessness, willful misconduct or unlawful conduct, or (ii) the waiver of inconvenient forum or any claim that venue is improper or provisions
relating to subject matter jurisdiction of the courts set forth in the Credit Agreement. 

 2 
  

 The phrase “to our knowledge,” when used herein, means that our opinion is based solely on
matters within the actual knowledge of attorneys in the firm who have been involved in the preparation of this opinion and the Credit Agreement. 
  
 Members of our firm involved in the preparation of this opinion are licensed to practice law in the State of New York and we do not purport to be experts
on, or to express any opinion herein concerning, any law other than the laws of the State of New York, the General Corporation Law of the State of Delaware and the Federal law of the United States. 
  
 Based upon and subject to the foregoing and the other assumptions and
qualifications contained herein, we are of the opinion that: 
  
 1. Gannett is a corporation duly organized, validly existing and in good standing under the laws of Delaware and is duly qualified to do business as a foreign corporation, and Gannett is in good standing in all states in which it owns
substantial properties or in which it conducts substantial business or in which qualification is necessary in order that the business or financial condition of Gannett and its Subsidiaries, taken as a whole, be not Materially adversely affected.

  
 2. To our knowledge, there are no actions, suits or
proceedings pending or threatened against or affecting Gannett or any of its Subsidiaries in or before any court or foreign or domestic government instrumentality, and neither Gannett nor any of its Subsidiaries is in default in respect of any order
of any such court or governmental instrumentality which, in any such case, in the opinion of Gannett, are Material. 
  
 3. Neither the execution and delivery of the Credit Agreement, the consummation of the transactions therein contemplated nor compliance with the terms and
provisions thereof will conflict with or result in breach of any of the provisions of the Restated Certificate of Incorporation, as amended, or the By-Laws, as amended, of Gannett or, to our knowledge and based on reasonable inquiries made of
corporate officers, of any law or of any regulation or order of any court or governmental instrumentality or any material agreement or instrument by which Gannett is bound or constitute a default thereunder or result in the creation or imposition of
any lien, charge or encumbrance of any nature whatsoever not permitted under Section 6.1 of the Credit Agreement upon any of the property of Gannett. 
  
 4. The execution and delivery of the Credit Agreement and the making of all Borrowings contemplated or permitted by the provisions thereof have been duly
authorized by all necessary corporate action on the part of Gannett; and the Credit Agreement has been duly and validly executed and delivered by Gannett. The Credit Agreement constitutes a valid and legally binding agreement of Gannett enforceable
in accordance with its terms and the Borrowings, when duly made, will constitute valid and legally binding obligations of Gannett enforceable in accordance with the terms thereof and of the Credit Agreement, except as limited by applicable
bankruptcy, insolvency, moratorium, reorganization or other laws, judicial decisions or principles of equity relating to or affecting the enforcement of creditors’ rights or contractual obligations generally. 
  
 In rendering the foregoing opinions, we have relied upon the certificates of
officers of Gannett as to factual matters, including (i) the nature and location of the property of Gannett, (ii) the agreements and instruments to which Gannett and/or its Subsidiaries is a party which are material, and (iii) the existence of
Material pending or threatened actions, suits or proceedings or orders of any court or governmental instrumentality and other information from such officers. We have not independently investigated or verified the information represented in such
certificates provided to us and do not opine as to the accuracy thereof. 
  
 Very truly yours, 

 EXHIBIT G to the 
 CREDIT AGREEMENT 
  
 FORM OF
COMPLIANCE CERTIFICATE 
  

			
	[Use for quarterly report]	  	The undersigned, an officer of Gannett Co., Inc. (“Gannett”), has executed this Certificate on behalf of Gannett pursuant to Section 5.1(a) of the Amended and Restated
Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (the “Agreement”), among Gannett,
the several banks and other financial institutions or entities from time to time parties thereto, Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent. The
undersigned has reviewed Gannett’s activities during the preceding fiscal quarter, which has consisted solely of a review of the unaudited consolidated financial statements of Gannett for said fiscal quarter.
		
	[Use for annual report]	  	The undersigned, an officer of Gannett Co., Inc. (“Gannett”) has executed this Certificate on behalf of Gannett pursuant to Section 5.1(b) of the Amended and Restated
Competitive Advance and Revolving Credit Agreement, dated as of March 11, 2002 and effective as of March 18, 2002, as amended and restated as of December 13, 2004 and effective as of January 5, 2005 (the “Agreement”), among Gannett,
the several banks and other financial institutions or entities from time to time parties thereto, Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, N.A., as Syndication Agent, and Barclays Bank PLC, as Documents Agent. The
undersigned has reviewed the activities of Gannett and its Subsidiaries during the preceding fiscal year, which has consisted solely of a review of the audited consolidated financial statements of Gannett for said fiscal year.
		
	[Use for quarterly and annual report]	  	At              the Total Shareholders’ Equity
             is .

  
 The undersigned hereby
CERTIFIES THAT, based upon the review described above and a review of the Agreement, nothing came to the undersigned’s attention which caused the undersigned to believe that (i) Gannett has not fulfilled all of its obligations under the
Agreement or (ii) there has occurred an Event of Default as defined in said Agreement, or any condition, event or act, which with notice or lapse of time or both, would constitute an Event of Default, which has not been cured pursuant to the
provisions of the Agreement. 

			
	GANNETT CO., INC.
		
	By:	 	  

	Name:	 	 
	Title:

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