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Document and Company Information - USD ($)	6 Months Ended
Document and Company Information - USD ($)	Jun. 28, 2009	Jun. 29, 2008
Document And Company Information [Abstract]
Entity Registrant Name	GANNETT CO., INC.
Entity Central Index Key	0000039899
Document Type	10-Q
Document Period End Date	Jun. 28, 2009
Amendment Flag	false
Amendment Description	N/A
Current Fiscal Year End Date	--12-27
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 5,020,320,713
Entity Common Stock, Shares Outstanding (actual numbers)	234,751,324

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 28, 2009	Dec. 28, 2008
Current assets
Cash and cash equivalents	$ 104,368	$ 98,949
Trade receivables, less allowance for doubtful receivables (2009 - $54,430; 2008 - - $59,008)	676,768	846,590
Other Receivables	50,901	58,399
Inventories	61,067	121,484
Deferred income taxes	27,121	29,386
Prepaid expenses and other current assets	79,635	91,136
Total current assets	999,860	1,245,944
Property, plant and equipment
Cost	4,598,182	4,607,363
Less accumulated depreciation	(2,474,217)	(2,385,869)
Net property, plant and equipment	2,123,965	2,221,494
Intangible and other assets
Goodwill	2,871,733	2,872,888
Indefinite-lived and amortizable intangible assets, less accumulated amortization	593,106	582,691
Deferred income taxes	422,510	460,567
Investments and other assets	410,879	413,230
Total intangible and other assets	4,298,228	4,329,376
Total assets	7,422,053	7,796,814
Current liabilities
Accounts payable and current portion of film contracts payable	224,207	324,573
Compensation, interest and other accruals	370,388	468,722
Dividends payable	9,605	91,465
Income taxes	45,568	0
Deferred income	253,800	272,381
Total current liabilities	903,568	1,157,141
Income taxes	210,857	227,067
Long-term debt	3,508,634	3,816,942
Postretirement medical and life insurance liabilities	209,399	217,143
Pension liabilities	830,784	882,511
Other long-term liabilities	248,710	248,482
Total liabilities	5,911,952	6,549,286
Redeemable noncontrolling interest	75,481	72,840
Gannett Co., Inc. shareholders' equity
Preferred stock of $1 par value per share. Authorized: 2,000,000 shares; Issued: none	0	0
Common stock of $1 par value per share. Authorized: 800,000,000 shares; Issued: 324,418,632 shares	324,419	324,419
Additional paid-in capital	651,270	743,199
Retained earnings	6,136,137	6,006,753
Accumulated other comprehensive loss	(390,111)	(469,252)
Shareholders' Equity Before Treasury stock	6,721,715	6,605,119
Less treasury stock, 89,667,308 shares and 96,295,239 shares, respectively, at cost	(5,413,774)	(5,549,237)
Total Gannett Co., Inc. shareholders' equity	1,307,941	1,055,882
Noncontrolling interest	126,679	118,806
Total equity	1,434,620	1,174,688
Total liabilities, redeemable noncontrolling interest and equity	$ 7,422,053	$ 7,796,814

Condensed Consolidated Statements of Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 28, 2009	Jun. 29, 2008	Jun. 28, 2009	Jun. 29, 2008
Net Operating Revenues:
Publishing advertising	$ 753,079	$ 1,108,189	$ 1,475,834	$ 2,205,083
Publishing circulation	292,757	305,994	592,440	615,172
Digital	142,354	20,008	285,514	33,901
Broadcasting	152,966	192,568	296,456	362,748
All other	71,437	91,230	140,827	177,954
Total	1,412,593	1,717,989	2,791,071	3,394,858
Operating Expenses:
Cost of sales and operating expenses, exclusive of depreciation	867,312	988,538	1,706,316	1,975,038
Selling, general and administrative expenses, exclusive of depreciation	293,102	299,539	602,482	594,435
Depreciation	53,798	55,109	109,534	114,711
Amortization of intangible assets	8,232	6,475	16,397	14,715
Asset impairment and other charges	47,391	2,501,874	47,391	2,501,874
Total	1,269,835	3,851,535	2,482,120	5,200,773
Operating income (loss)	142,758	(2,133,546)	308,951	(1,805,915)
Non-operating (expense) income:
Equity income (loss) in unconsolidated investees, net	2,839	(252,793)	150	(264,548)
Interest expense	(43,972)	(43,957)	(92,884)	(92,506)
Other non-operating items	16,582	5,362	19,039	29,534
Total	(24,551)	(291,388)	(73,695)	(327,520)
Income (loss) before income taxes	118,207	(2,424,934)	235,256	(2,133,435)
Provision (benefit) for income taxes	39,900	(134,200)	79,200	(34,500)
Net income (loss)	78,307	(2,290,734)	156,056	(2,098,935)
Net income attributable to noncontrolling interest	(7,826)	(22)	(8,140)	(43)
Net income (loss) attributable to Gannett Co., Inc.	$ 70,481	$ (2,290,756)	$ 147,916	$ (2,098,978)
Earnings (loss) per share - basic	$ 0.3	$ (10.03)	$ 0.64	$ (9.17)
Earnings (loss) per share - diluted	0.3	(10.03)	0.64	(9.17)
Dividends per share	$ 0.04	$ 0.4	$ 0.08	$ 0.8

Condensed Consolidated Statements of Income Percentage Increase (Decrease)	3 Months Ended	6 Months Ended
	Jun. 28, 2009	Jun. 28, 2009
Net Operating Revenues:
Publishing advertising	(0.32)	(0.331)
Publishing circulation	(0.043)	(0.037)
Digital	6.115	7.422
Broadcasting	(0.206)	(0.183)
All other	(0.217)	(0.209)
Total	(0.178)	(0.178)
Operating Expenses:
Cost of sales and operating expenses, exclusive of depreciation	(0.123)	(0.136)
Selling, general and administrative expenses, exclusive of depreciation	(0.021)	0.014
Depreciation	(0.024)	(0.045)
Amortization of intangible assets	0.271	0.114
Asset impairment and other charges	(0.981)	(0.981)
Total	(0.67)	(0.523)
Operating income (loss)	(1.067)	(1.171)
Nonoperating Income Expense Percentage Increase (Decrease) Abstract
Equity income (loss) in unconsolidated investees, net	(1.011)	(1.001)
Interest expense	0	0.004
Other non-operating items	2.093	(0.355)
Total	(0.916)	(0.775)
Income (loss) before income taxes	(1.049)	(1.11)
Provision (benefit) for income taxes	(1.297)	(3.296)
Net income (loss)	(1.034)	(1.074)
Net income attributable to noncontrolling interest	354.727	188.302
Net income (loss) attributable to Gannett Co., Inc.	(1.031)	(1.07)
Earnings (loss) per share - basic	(1.03)	(1.07)
Earnings (loss) per share - diluted	(1.03)	(1.07)
Dividends per share	(0.9)	(0.9)

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 28, 2009	Jun. 29, 2008
Cash flows from operating activities:
Net income (loss)	$ 156,056	$ (2,098,935)
Adjustments to reconcile net income (loss) to operating cash flows:
Debt exchange gain	(42,746)	0
Depreciation and amortization	125,931	129,426
Asset impairment and other charges	75,426	2,501,874
Provision (benefit) for deferred income taxes	36,400	(216,100)
Pension benefit, net of pension contributions	(17,162)	(33,047)
Equity (income) loss in unconsolidated investees, net	(150)	264,548
Stock-based compensation	37,226	13,404
Change in other assets and liabilities, net	25,735	(24,398)
Net cash flow from operating activities	396,716	536,772
Cash flows from investing activities:
Purchase of property, plant and equipment	(33,214)	(57,989)
Payments for acquisitions, net of cash acquired	(7,098)	(11,295)
Payments for investments	(3,724)	(23,998)
Proceeds from investments	9,668	18,266
Proceeds from sale of assets	7,609	69,160
Net cash used for investing activities	(26,759)	(5,856)
Cash flows from financing activities
Proceeds from borrowings under revolving credit agreements	366,000	0
Payments of unsecured fixed rate notes	0	(500,000)
Payments of unsecured floating rate notes	(630,501)	0
Proceeds from unsecured promissory notes	0	726,248
Dividends paid	(100,500)	(184,043)
Cost of common shares repurchased	0	(72,764)
Distributions to noncontrolling interest shareholders	0	(200)
Net cash used for financing activities	(365,001)	(30,759)
Effect of currency exchange rate change	463	(44)
Net increase in cash and cash equivalents	5,419	500,113
Balance of cash and cash equivalents at beginning of period	98,949	77,249
Balance of cash and cash equivalents at end of period	$ 104,368	$ 577,362

Basis of presentation	6 Months Ended
Basis of presentation	Jun. 28, 2009
Basis Of Presentation [Abstract]
Basis of presentation	NOTE 1 — Basis of presentation The accompanying unaudited Condensed Consolidated Financial Statements of Gannett Co., Inc. (the Company) have been prepared in accordance with the instructions for Form 10-Q and, therefore, do not include all information and footnotes, which are normally included in the Form 10-K and annual report to shareholders. The financial statements covering the thirteen week and year-to-date periods ended June 28, 2009, and the comparable periods of 2008, reflect all adjustments which, in the opinion of the Company, are necessary for a fair statement of results for the interim periods and reflect all normal and recurring adjustments which are necessary for a fair presentation of the Company’s financial position, results of operations and cash flows as of the dates and for the periods presented. The Company has evaluated subsequent events through the time of filing this Form 10-Q on July 30, 2009, which is the date that these financial statements have been filed with the Securities and Exchange Commission (“SEC”). No material subsequent events have occurred since June 28, 2009 that required recognition or disclosure in these financial statements. In the third quarter of 2008, the Company began reporting a new digital segment and a separate digital revenues line in its Statements of Income. The digital segment includes CareerBuilder, ShopLocal, Schedule Star, Planet Discover, PointRoll and Ripple6. Results for CareerBuilder and ShopLocal were initially consolidated in the third quarter of 2008 when the Company acquired ShopLocal and a controlling interest in CareerBuilder. Ripple6 was acquired in November 2008. Results for Schedule Star, Planet Discover and PointRoll, which had been previously included in the publishing segment, have been reclassified to the digital segment for prior periods. The digital segment and the digital revenues line do not include online/digital revenues generated by Web sites that are associated with the Company’s publishing and broadcasting operating properties. Such amounts are reflected within these segments and are included as part of publishing advertising revenues and broadcasting revenues in the Statements of Income. The Company adopted Financial Accounting Standards Board (FASB) Statement of Financial Accounting Standards No. 160, “Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No. 51” (SFAS No. 160) at the beginning of its 2009 fiscal year. SFAS No. 160 changed the accounting and reporting for minority interest, which was renamed noncontrolling interests and generally classified as a component of equity on the Condensed Consolidated Balance Sheet. Gannett’s SFAS No. 160 adoption resulted in the presentation of a new line “Redeemable noncontrolling interest” in the mezzanine section of the balance sheet. The balance in this line represents redeemable stock held by a noncontrolling owner in CareerBuilder, LLC (CareerBuilder). The redeemable stock is generally exercisable within 30 days after January 1, 2014. On the Condensed Consolidated Statement of Income, SFAS No. 160 affected primarily the Company’s reporting of the 49.2 percent noncontrolling interest in CareerBuilder. Previously, the Company presented this minority interest in “Other non-operating items” in the Condensed Consolidated Statements of Income. Under SFAS No. 160, “Net income” in the Condensed Consolidated Statements of Income reflects 100 percent of CareerBuilder results as the Company holds the controlling interest. “Net income (loss)” is subsequently adjusted to remove the noncontrolling (minority) interest to arrive at “Net income (loss) attributable to Gannett Co., Inc.” While this presentation is different than previously required by GAAP, the final net income results attributable to the Company are the same under SFAS No. 160 and the previous reporting method. Reclassifications were made to prior periods to conform to the new SFAS No. 160 presentation requirements.

- Recently issued accounting standards	6 Months Ended
- Recently issued accounting standards	Jun. 28, 2009
Recently Issued Accounting Standards [Abstract]
Recently issued accounting standards	NOTE 2 — Recently issued accounting standards In June 2009, the FASB issued SFAS No. 168, The “FASB Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles—a replacement of FASB Statement No. 162”. This standard establishes only two levels of U.S. generally accepted accounting principles (“GAAP”), authoritative and nonauthoritative. The FASB Accounting Standards Codification (the “Codification”) will become the source of authoritative, nongovernmental GAAP, except for rules and interpretive releases of the SEC, which are sources of authoritative GAAP for SEC registrants. All other nongrandfathered, non-SEC accounting literature not included in the Codification will become nonauthoritative. This standard is effective for financial statements for interim or annual reporting periods ending after September 15, 2009. The Company will begin to use the new guidelines and numbering system prescribed by the Codification when referring to GAAP in the third quarter of 2009. As the Codification was not intended to change or alter existing GAAP, it will not have any impact on the Company’s consolidated financial statements. In May 2009, the FASB issued Statement of Financial Accounting Standards No. 165, “Subsequent Events” (SFAS No. 165). This standard is intended to establish general standards of accounting for and disclosure of events that occur after the balance sheet date but before financial statements are issued or are available to be issued. Specifically, this standard sets forth the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements, the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements, and the disclosures that an entity should make about events or transactions that occurred after the balance sheet date. The Company began applying the provisions of SFAS No. 165 in the second quarter of 2009 and its adoption did not affect the Company’s financial statements, other than the disclosures required by it, which can be found in Note 1. In April 2009, the FASB issued FASB Staff Position FAS 107-1 and APB 28-1, “Interim Disclosures about Fair Value of Financial Instruments” (FSP FAS 107-1 and APB 28-1), which amends the interim disclosure requirements in scope for SFAS No. 107, “Disclosures about Fair Value of Financial Instruments.” This FASB Staff Position is effective for interim and annual periods ending after June 15, 2009. The Company began applying the provisions of FSP FAS 107-1 and APB 28-1 in the second quarter of 2009 and its adoption did not affect the Company’s financial statements, other than the disclosures required by it, which can be found in Note 10. In April 2009, the FASB issued FSP FAS No. 115-2 and 124-2, “Recognition and Presentation of Other-Than-Temporary Impairments” (FSP FAS 115-2 and 124-2). This FASB staff position provides additional guidance related to the disclosure of impairment losses on securities and the accounting for impairment losses on debt securities. FSP FAS 115-2 and 124-2 does not amend existing guidance related to other-than-temporary impairments of equity securities. The Company began applying the provisions of FSP FAS 115-2 and 124-2 in the second quarter of 2009 and its adoption did not affect the Company’s financial statements, other than the disclosures required by it, which can be found in Note 10. In December 2007 the FASB issued SFAS No. 141 (revised 2007), “Business Combinations” (SFAS No. 141(R)). SFAS No. 141(R) became effective for the beginning of fiscal year 2009. SFAS No. 141(R) changes how business acquisitions are accounted for and will impact financial statements both on the acquisition date and in subsequent periods. The adoption of SFAS No. 141(R) did not affect the Company’s financial statements in the first or second quarter of 2009. The Company adopted FASB Statement of Financial Accounting Standards No. 157, “Fair Value Measurements” (SFAS No. 157) at the beginning of 2008. SFAS No. 157 defines fair value, establishes a framework for measuring fair value in GAAP, and expands disclosures about fair value measurements. In November 2007, the FASB agreed to a one-year deferral of the effective date of SFAS No. 157 for nonfinancial assets and liabilities that are recognized or disclosed at fair value on a nonrecurring basis. Accordingly, for nonfinancial assets and liabilities SFAS No. 157 became effective for the Company at the beginning of 2009. Note 10 contains information regarding the Company’s fair value measurements.

Asset impairment and other charges

6 Months Ended

Jun. 28, 2009

Asset Impairment And Other Charges [Abstract]

Asset impairment and other charges

NOTE 3 — Asset impairment and other charges

Very difficult business conditions required the Company to perform impairment tests on certain assets including goodwill, other intangible assets, other long lived assets and investments accounted for under the equity method during the 2009 and 2008 fiscal second quarters. As a result, the Company has recorded non-cash impairment charges to reduce the book value of certain of those assets. In addition, an impairment charge was taken to reduce the value of certain publishing assets held for sale to fair value less costs to sell.

A summary of these charges is presented below:


									Per Diluted Share
	Pre Tax Amount (a)				After Tax Amount				Amount (a)
	Thirteen Weeks Ended				Thirteen Weeks Ended				Thirteen Weeks Ended
	June 28,		June 29,		June 28,		June 29,		June 28,		June 29,
(in millions, except per share amounts)	2009		2008		2009		2008		2009		2008
Asset impairment and other charges
Goodwill:
Publishing	$	17	$	2,138	$	10	$	2,138	$	0.04	$	9.36

Total Goodwill		17		2,138		10		2,138		0.04		9.36

Other intangible assets:
Publishing		—		176		—		113		—		0.50

Total other intangible assets		—		176		—		113		—		0.50

Property, plant and equipment:
Publishing		25		185		16		115		0.07		0.50
Broadcasting		—		2		—		1		—		—
Corporate		—		1		—		1		—		—

Total property, plant and equipment		25		188		16		117		0.07		0.51

Other:
Publishing		5		—		3		—		0.01		—
Broadcasting		1		—		1		—		—		—

Total other		6		—		4		—		0.02		—


Total asset impairment and other charges		47		2,502		30		2,368		0.13		10.37

Impairment of publishing assets held for sale		28		—		24		—		0.10		—

Newspaper publishing partnerships and other equity method investments		—		261		—		162		—		0.71

Total charges	$	75	$	2,763	$	54	$	2,530	$	0.23	$	11.08


(a)		Total amounts may not sum due to rounding.

2009

The goodwill impairment charge results from the application of the impairment testing provisions of Statement of Financial Accounting Standards No. 142 “Goodwill and Other Intangible Assets” (SFAS No. 142). Because of difficult business conditions, testing for certain reporting units was updated during the second quarter of 2009. For one of the reporting units in the publishing segment, an impairment was indicated. The fair value of the reporting unit was determined using a multiple of earnings technique. The Company then undertook the next step in the impairment testing process by determining the fair value of assets and liabilities within this reporting unit. The implied value of goodwill for this reporting unit was less than the carrying amount by $17 million, and therefore an impairment charge in this amount was taken. Deferred tax benefits were recognized for this charge and therefore the after-tax effect of the goodwill impairment was $10 million or $0.04 per share.

The carrying values of property, plant and equipment at certain publishing businesses were evaluated in the second quarter of 2009 due to softening business conditions. The recoverability of these assets was measured in accordance with Statement of Financial Accounting Standard No. 144 “Accounting for the Impairment or Disposal of Long-Lived Assets” (SFAS No. 144). This process indicated that the carrying values of certain assets were not recoverable, as the expected undiscounted future cash flows to be generated by them is less than their carrying values. The related impairment loss was measured based on the amount by which the asset carrying value exceeded fair value. Asset group fair values were determined using discounted cash flow technique. Certain asset fair values were based on estimates of prices for similar assets. As a result of the application of the requirements of SFAS No. 144, the Company recorded charges of $25 million. Deferred tax benefits were recognized for these charges and therefore the after-tax impact was $16 million or $0.07 per share.

The charges in the second quarter of 2009 of $6 million pre-tax included in the “Other” category include shut down costs as well as the impairment of certain broadcast programming assets.

In the second quarter of 2009, in accordance with SFAS No. 144, the Company recorded an impairment charge to reduce the value of certain publishing assets held for sale to fair value less costs to sell. Fair value was determined using a discounted cash flow technique that included the cash flows associated with the expected disposition. This impairment charge was $28 million pre-tax and $24 million after-tax, or $0.10 per share. The charge is reflected in “Other non-operating items” in the Condensed Consolidated Statements of Income (Loss).

2008

Because of softening business conditions within the Company’s publishing segment and the decline in the Company’s stock price and market capitalization experienced at that time, SFAS No. 142 testing was updated during the second quarter of 2008. For one of the reporting units in its publishing segment, an impairment was indicated. The fair value of the reporting unit was determined using discounted cash flow and multiple of earnings techniques. The Company then undertook the next step in the impairment testing process by determining the fair value of assets and liabilities within this reporting unit. The implied value of goodwill for this reporting unit was less than the carrying amount by $2.1 billion, and therefore an impairment charge in this amount was taken. There was no tax benefit recognized related to the impairment charge since the recorded goodwill was non-deductible as it arose from stock purchase transactions. Therefore, the after tax effect of the impairment was $2.1 billion or $9.36 per share.

The impairment charge in the second quarter of 2008 of $176 million for other publishing intangible assets was required because revenue results from the underlying businesses had softened from what was expected at the time they were purchased and the assets were initially valued. In accordance with SFAS No. 142, the carrying values of impaired indefinite lived intangible assets, principally mastheads, were reduced to fair value. Fair value was determined using a relief-from-royalty method. The carrying values of certain definite lived intangible assets, principally customer relationships, were reduced to fair value in accordance with SFAS No. 144. Deferred tax benefits were recognized for these intangible asset impairment charges and therefore the after-tax impact was $113 million or $0.50 per share.

The carrying values of property, plant and equipment at certain publishing businesses were evaluated in the second quarter of 2008 due to softening business conditions and, in some cases, changes in expected useful lives. The recoverability of these assets was measured in accordance with SFAS No. 144. This process indicated that the carrying values of certain assets were not recoverable, as the expected undiscounted future cash flows to be generated by them was less than their carrying values. The related impairment loss was measured based on the amount by which the asset carrying value exceeded fair value. Asset group fair values were determined using discounted cash flow or multiple of earnings techniques. Certain asset fair values were based on estimates of prices for similar assets. In addition, as required by SFAS No. 144, the Company revised the useful lives of certain assets, which were abandoned during the year or for which management has committed to a plan to abandon in the near future, in order to reflect the use of those assets over their shortened useful life. As a result of the application of the requirements of SFAS No. 144, the Company recorded charges of $188 million in the second quarter of 2008. Deferred tax benefits were recognized for these charges and therefore the after-tax impact was $117 million or $0.51 per share.

In the second quarter of 2008, for certain of the Company’s newspaper publishing partnership investments, and for certain other investments in which the Company owns a noncontrolling interest, carrying values were written down to fair value because the businesses underlying the investments had experienced significant and sustained declines in operating performance, leading the Company to conclude that they were other than temporarily impaired. The adjustment of newspaper publishing partnership carrying values comprise the majority of these investment charges, and these were driven by many of the same factors affecting the Company’s wholly owned publishing businesses. Fair values were determined using a multiple of earnings or a multiple of revenues technique. These investment carrying value adjustments were $261 million pre-tax and $162 million on an after-tax basis, or $0.71 per share.

Long term debt

6 Months Ended

Jun. 28, 2009

Long Term Debt Disclosure [Abstract]

Long-term debt

NOTE 5 — Long-term debt

The long-term debt of the Company is summarized below:

In thousands of dollars


	June 28, 2009		Dec. 28, 2008
Unsecured floating rate notes paid May 2009	$	—	$	632,205
Unsecured notes bearing fixed rate interest at 5.75% due June 2011		432,375		498,464
Unsecured floating rate term loan due July 2011		280,000		280,000
Borrowings under revolving credit agreements expiring March 2012		2,273,000		1,907,000
Unsecured notes bearing fixed rate interest at 6.375% due April 2012		306,191		499,269
Unsecured notes bearing fixed rate interest at 10% due June 2015		56,086		—
Unsecured notes bearing fixed rate interest at 10% due April 2016		160,978		—
Other indebtedness		4		4

Total long-term debt	$	3,508,634	$	3,816,942

In connection with each of its three revolving credit agreements and its term loan agreement, the Company agreed to provide guarantees from its domestic wholly-owned subsidiaries in the event that the Company’s credit ratings from either Moody’s or S&P fell below investment grade. In the first quarter of 2009, the Company’s credit rating was downgraded below investment grade by both S&P and Moody’s. Accordingly, the guarantees were triggered and the existing notes and other unsecured debt of the Company became structurally subordinated to the revolving credit agreements and the term loan.

During the first quarter of 2009, the Company repurchased $68.8 million in principal amount of the floating rate notes in privately negotiated transactions. In connection with these transactions, the Company recorded a gain of approximately $1.1 million which is classified in “Other non-operating items” in the Statement of Income for the first quarter. This gain is net of $0.6 million reclassified from accumulated other comprehensive loss for related interest swap agreements in the first quarter.

On May 5, 2009, the Company completed a private exchange offer relating to its 5.75% fixed rate notes due June 2011 and its 6.375% fixed rate notes due April 2012. The Company exchanged approximately $67 million in principal amount of new 10% senior notes due 2015 for approximately $67 million principal amount of the 2011 notes, and approximately $193 million in principal amount of new 10% senior notes due 2016 for approximately $193 million principal amount of the 2012 notes.

The new 2015 notes and the new 2016 notes (together, the New Notes) are senior unsecured obligations and are guaranteed by those Company subsidiaries providing guarantees under the revolving credit agreements and the term loan agreement. The New Notes and the subsidiary guarantees have not been and will not be registered under the Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

In connection with the exchange transactions and in accordance with Emerging Issues Task Force Issue No. 96-19 “Debtor’s Accounting for a Modification or Exchange of Debt Instruments,” (EITF No. 96-19) the Company recorded a gain of approximately $42.7 million which is classified in “Other non-operating items” in the Statement of Income for the second quarter. This gain resulted from recording the New Notes at fair value as of the time of the exchange and extinguishing the old notes at their historical book values. Fair value of the New Notes was based on their trading prices on and shortly after the exchange date. The discount created by recording the New Notes at fair value instead of face value is being amortized over the term of the loans to interest expense.

	6 Months Ended
	Jun. 28, 2009
Income Taxes [Abstract]
Income taxes	NOTE 8 — Income taxes The total amount of unrecognized tax benefits that, if recognized, would impact the effective tax rate was approximately $116.3 million as of December 28, 2008 and $106.2 million as of the end of the second quarter of 2009. This amount reflects the federal tax benefit of state tax deductions. Excluding the federal tax benefit of state tax deductions, the total amount of unrecognized tax benefits as of December 28, 2008 was $182 million and as of June 28, 2009 was $170.4 million. The $11.6 million decrease reflects a net reduction for prior year tax positions of $14.3 million, a reduction for lapses of statutes of limitations of $1.1 million, and additions in the current year of $3.8 million. The reduction for prior year tax positions was primarily related to favorable settlements with tax authorities and to currency exchange rate fluctuation. The Company recognizes interest and penalties related to unrecognized tax benefits as a component of income tax expense. The Company also recognizes interest income attributable to overpayment of income taxes as a component of income tax expense. The Company recognized interest and penalty expense (income) of $(0.3) million and $9 million during the second quarter of 2009 and 2008, respectively, and $(2.3) million and $12.0 million for the year-to-date 2009 and 2008 periods, respectively. The amount of net accrued interest and penalties related to uncertain tax benefits as of December 28, 2008 was approximately $72.6 million and as of June 28, 2009, was approximately $70.7 million. The Company files income tax returns in the U.S. and various state and foreign jurisdictions. The 2005 through 2008 tax years remain subject to examination by the IRS. The 2005 through 2008 tax years generally remain subject to examination by state authorities, and the years 2003-2008 are subject to examination in the UK. In addition, tax years prior to 2005 remain subject to examination by certain states primarily due to the filing of amended tax returns upon settlement of the IRS examination for these years and due to ongoing audits. It is reasonably possible that the amount of unrecognized benefits with respect to certain of the Company’s unrecognized tax positions will significantly increase or decrease within the next 12 months. These changes may be the result of settlement of ongoing audits, lapses of statutes of limitations or other regulatory developments. At this time, the Company estimates that the amount of its gross unrecognized tax positions may decrease by up to approximately $42 million within the next 12 months, primarily due to lapses of statutes of limitations in various jurisdictions and potential settlements of ongoing audits and negotiations.

- Supplemental shareholders equity information

6 Months Ended

Jun. 28, 2009

Supplemental Shareholders Equity Information [Abstract]

Supplemental shareholders' equity information

NOTE 9 — Supplemental shareholders’ equity information

The following table summarizes the shareholders’ equity for the 26 weeks ended June 28, 2009 and June 29, 2008. The redeemable noncontrolling interest accretion relates to redeemable stock held by a noncontrolling owner of CareerBuilder that provides a fixed return on the noncontrolling owner’s investment.


	Gannett Co., Inc.
	Shareholders’			Noncontrolling
(in thousands of dollars)	Equity			Interest			Total Equity
Balance at Dec. 28, 2008	$	1,055,882		$	118,806		$	1,174,688
Comprehensive income:
Net income		147,916			8,140			156,056
Less: Redeemable noncontrolling interest accretion (income not available to shareholders)		—			(2,641	)		(2,641	)
Other comprehensive income		79,137			396			79,533
Dividends declared		(18,532	)		—			(18,532	)
Stock-based compensation		37,226			—			37,226
Acquisitions		—			1,978			1,978
Other activity		6,312			—			6,312

Balance at June 28, 2009	$	1,307,941		$	126,679		$	1,434,620


	Gannett Co., Inc.
	Shareholders’			Noncontrolling
(in thousands of dollars)	Equity			Interest			Total Equity
Balance at Dec. 30, 2007	$	9,017,159		$	340		$	9,017,499
Comprehensive income:
Net income (loss)		(2,098,978	)		43			(2,098,935	)
Other comprehensive loss		(32,480	)		—			(32,480	)
Dividends declared		(182,509	)		—			(182,509	)
Treasury stock acquired		(72,764	)		—			(72,764	)
Stock-based compensation		13,404			—			13,404
Other activity		338			(585	)		(247	)

Balance at June 29, 2008	$	6,644,170		$	(202	)	$	6,643,968

The table below presents the components of comprehensive income for the second quarter and year-to-date periods of 2009 and 2008. Other comprehensive income consists primarily of foreign currency translation, pension liability adjustment and interest rate swap mark-to-market adjustments.


	Thirteen Weeks Ended						Twenty-six Weeks Ended
	June 28,			June 29,			June 28,			June 29,
(in thousands of dollars)	2009			2008			2009			2008
Net income (loss)	$	78,307		$	(2,290,734	)	$	156,056		$	(2,098,935	)
Less: Redeemable noncontrolling interest accretion (income not available to shareholders)		(1,356	)		—			(2,641	)		—
Other comprehensive income (loss)
Foreign currency translation adjustment		89,402			(28,681	)		75,111			(32,698	)
Other		(13,363	)		5,260			4,422			218

Total other comprehensive income (loss)		76,039			(23,421	)		79,533			(32,480	)

Total comprehensive income (loss)		152,990			(2,314,155	)		232,948			(2,131,415	)

Comprehensive income attributable to the noncontrolling interest		9,884			22			5,895			43

Comprehensive income (loss) attributable to Gannett Co., Inc.	$	143,106		$	(2,314,177	)	$	227,053		$	(2,131,458	)

Fair value measurement

6 Months Ended

Jun. 28, 2009

Fair Value Measurement [Abstract]

Fair value measurement

NOTE 10 — Fair value measurement

The Company measures and records in the accompanying condensed consolidated financial statements certain assets at fair value. SFAS No. 157 establishes a fair value hierarchy for those instruments measured at fair value that distinguishes between assumptions based on market data (observable inputs) and the company’s own assumptions (unobservable inputs). The hierarchy consists of three levels:


Level 1 -		Quoted market prices in active markets for identical assets or liabilities;


Level 2 -		Inputs other than Level 1 inputs that are either directly or indirectly observable; and


Level 3 -		Unobservable inputs developed using estimates and assumptions developed by the company, which reflect those that a market participant would use.

The following table summarizes the financial instruments measured at fair value in the accompanying condensed consolidated balance sheet as of June 28, 2009 (in thousands):


	Fair Value Measurements as of
	June 28, 2009
	Level 1		Level 2		Level 3		Total
Employee compensation related investments	$	30,226	$	—	$	—	$	30,226
Sundry investments		21,190		—		27,350		48,540

The level 3 sundry investments are financial instruments held by CareerBuilder. As discussed in Note 1 above, the Company began consolidating the financial statements of CareerBuilder in September 2008. No gain or loss was recognized in the Company’s condensed consolidated statement of income with respect to these investments since the date of consolidation. The Company utilized a probability-weighted discounted cash flow technique to determine the fair value of its level 3 financial instruments. The main assumptions used in the fair value calculation were the estimated coupon rate associated with the securities and the discount rate (determined based on market yields of similar taxable obligations).

The fair value of the Company’s total long-term debt, determined based on estimated market prices for similar debt with the same remaining maturities and similar terms, totaled $2.7 billion at June 28, 2009. As described in Note 5, the Company recognized the new debt resulting from the May 2009 private exchange offer at fair value in accordance with EITF No. 96-19.

Certain assets are measured at fair value on a nonrecurring basis; that is, the instruments are not measured at fair value on an ongoing basis but are subject to fair value adjustments only in certain circumstances (for example, when there is evidence of impairment). During the thirteen weeks ended June 28, 2009, certain publishing goodwill was written down to implied fair value and long-lived assets held and used were written down to fair value. The valuation techniques utilized to measure fair value are discussed in Note 3 above.

The following table summarizes the nonfinancial assets measured at fair value on a nonrecurring basis in the accompanying condensed consolidated balance sheet as of June 28, 2009 (in thousands):


	Fair Value Measurements as of
	June 28, 2009
	Level 1		Level 2		Level 3		Total
Goodwill	$	—	$	—	$	5,719	$	5,719
Long-lived assets held and used		—		—		36,929		36,929

In addition the Company holds investments in non-public businesses in which the Company does not have control and does not exert significant influence. Such investments are carried at cost and reduced for any impairment losses resulting from periodic evaluations of the carrying value of the investment. At June 28, 2009 and December 28, 2008, the aggregate carrying amount of such investments was $16 million. No events or changes in circumstances have occurred since December 28, 2008 that suggests a significant and adverse effect on the fair value of such investments. Accordingly, the Company did not evaluate such investments for impairment in 2009.

- Derivative Instruments and Hedging Activities	6 Months Ended
- Derivative Instruments and Hedging Activities	Jun. 28, 2009
Derivative Instruments And Hedging Activities [Abstract]
Derivative Instruments and Hedging Activities	NOTE 12 — Derivative Instruments and Hedging Activities In August 2007, the Company entered into three interest rate swap agreements totaling a notional amount of $750 million in order to mitigate the volatility of interest rates. These agreements effectively fixed the interest rate on the $750 million in floating rate notes due May 2009 at 5.0125%. These instruments were designated as cash flow hedges in accordance with SFAS No. 133, “Accounting for Derivative Instruments and Hedging Activities,” and changes in fair value are recorded through accumulated other comprehensive loss with a corresponding adjustment to liabilities. As a result of the strategic redemptions of part of the floating rate notes during the fourth quarter of 2008 and first quarter of 2009, the cash flow hedging treatment was discontinued for interest rate swaps associated with approximately $186.6 million of notional value on the retired floating rate notes. Amounts recorded in accumulated other comprehensive loss related to the discontinued cash flow hedges were reclassified into earnings and subsequent changes were recorded through earnings. The interest rate swap agreements expired concurrent with the maturity of the floating rate notes in May 2009. Second quarter and year-to-date 2009 expense associated with the derivatives designated as hedges under SFAS No. 133, which is classified as “Interest expense” on the Company’s Condensed Consolidated Income Statement, was $3.2 million and $7.7 million, respectively. Second quarter and year-to-date 2009 expense associated with the derivatives not designated as hedges under SFAS No. 133, which is classified as “Other non-operating items” on the Company’s Condensed Consolidated Income Statement, was $0.6 million.

	6 Months Ended
	Jun. 28, 2009
Litigation [Abstract]
Litigation	NOTE 14 — Litigation The Company and a number of its subsidiaries are defendants in judicial and administrative proceedings involving matters incidental to their business. The Company’s management does not believe that any material liability will be imposed as a result of these matters.

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 28, 2009	Dec. 28, 2008
Statement [Line Items]
Allowance for doubtful receivables	$ 54,430,000	$ 59,008,000
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	2,000,000	2,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	800,000,000	800,000,000
Common stock, shares issued	324,418,632	324,418,632
Treasury stock, shares	89,667,308	96,295,239