SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934
(Amendment ___)*

Gannett Co., Inc.
(Name of Issuer)

Common Stock, $1 par value
(Title of Class of Securities)

364730101
(CUSIP Number)

Andrew Langham, Esq.
Icahn Capital LP
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4300
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)

August 4, 2014
(Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box / /.

NOTE: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d‑7 for other parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
High River Limited Partnership

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
WC

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
2,993,477 (includes Shares underlying call options. See Item 5)

8            SHARED VOTING POWER
0

9            SOLE DISPOSITIVE POWER
2,993,477 (includes Shares underlying call options. See Item 5)

10            SHARED DISPOSITIVE POWER
0

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,993,477 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.33%

14            TYPE OF REPORTING PERSON
PN




SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Hopper Investments LLC

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
2,993,477 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
2,993,477 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,993,477 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.33%

14            TYPE OF REPORTING PERSON
OO






SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Barberry Corp.

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
2,993,477 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
2,993,477 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,993,477 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
1.33%

14            TYPE OF REPORTING PERSON
CO






SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Partners Master Fund LP

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
WC

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
4,861,502 (includes Shares underlying call options. See Item 5)

8            SHARED VOTING POWER
0

9            SOLE DISPOSITIVE POWER
4,861,502 (includes Shares underlying call options. See Item 5)

10            SHARED DISPOSITIVE POWER
0

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,861,502 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.15%

14            TYPE OF REPORTING PERSON
PN



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Offshore LP

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
4,861,502 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
4,861,502 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,861,502 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
2.15%

14            TYPE OF REPORTING PERSON
PN



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Partners LP

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
WC

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
7,112,394 (includes Shares underlying call options. See Item 5)

8            SHARED VOTING POWER
0

9            SOLE DISPOSITIVE POWER
7,112,394 (includes Shares underlying call options. See Item 5)

10            SHARED DISPOSITIVE POWER
0

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,112,394 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
                          3.15%

14            TYPE OF REPORTING PERSON
PN



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Onshore LP

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
7,112,394 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
7,112,394 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
7,112,394 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
3.15%

14            TYPE OF REPORTING PERSON
PN



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Capital LP

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
11,973,896 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
11,973,896 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,973,896 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.31%

14            TYPE OF REPORTING PERSON
PN




SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
IPH GP LLC

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
11,973,896 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
11,973,896 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,973,896 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.31%

14            TYPE OF REPORTING PERSON
OO



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Enterprises Holdings L.P.

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
11,973,896 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
11,973,896 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,973,896 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.31%

14            TYPE OF REPORTING PERSON
PN



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Icahn Enterprises G.P. Inc.

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
11,973,896 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
11,973,896 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,973,896 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.31%

14            TYPE OF REPORTING PERSON
CO



SCHEDULE 13D

CUSIP No. 364730101


1.            NAME OF REPORTING PERSON
Beckton Corp.

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
11,973,896 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
11,973,896 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
11,973,896 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
5.31%

14            TYPE OF REPORTING PERSON
CO



SCHEDULE 13D

CUSIP No. 364730101


1            NAME OF REPORTING PERSON
Carl C. Icahn

2            CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) / /
(b) / /

3            SEC USE ONLY

4            SOURCE OF FUNDS
OO

5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) or 2(e)/ /

6            CITIZENSHIP OR PLACE OF ORGANIZATION
United States of America

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH:

7            SOLE VOTING POWER
0

8            SHARED VOTING POWER
14,967,373 (includes Shares underlying call options. See Item 5)

9            SOLE DISPOSITIVE POWER
0

10            SHARED DISPOSITIVE POWER
14,967,373 (includes Shares underlying call options. See Item 5)

11            AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
14,967,373 (includes Shares underlying call options. See Item 5)

12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES/ /

13            PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
6.63%

14            TYPE OF REPORTING PERSON
IN



SCHEDULE 13D

Item 1. Security and Issuer

This statement relates to the shares of Common Stock, $1 par value ("Shares"), issued by Gannett Co., Inc. (the "Issuer"). The address of the principal executive offices of the Issuer is 7950 Jones Branch Drive, McLean, Virginia 22107-0910.


Item 2. Identity and Background

The persons filing this statement are High River Limited Partnership ("High River"), Hopper Investments LLC ("Hopper"), Barberry Corp. ("Barberry"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn Offshore LP ("Icahn Offshore"), Icahn Partners LP ("Icahn Partners"), Icahn Onshore LP ("Icahn Onshore"), Icahn Capital LP ("Icahn Capital"), IPH GP LLC ("IPH"), Icahn Enterprises Holdings L.P. ("Icahn Enterprises Holdings"), Icahn Enterprises G.P. Inc. ("Icahn Enterprises GP"), Beckton Corp. ("Beckton"), and Carl C. Icahn, a citizen of the United States of America (collectively, the "Reporting Persons").

The principal business address of each of (i) High River, Hopper, Barberry, Icahn Offshore, Icahn Partners, Icahn Master, Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP and Beckton is White Plains Plaza, 445 Hamilton Avenue - Suite 1210, White Plains, NY 10601, and (ii) Mr. Icahn is c/o Icahn Associates Holding LLC, 767 Fifth Avenue, 47th Floor, New York, NY 10153.

Barberry is the sole member of Hopper, which is the general partner of High River. Icahn Offshore is the general partner of Icahn Master. Icahn Onshore is the general partner of Icahn Partners. Icahn Capital is the general partner of each of Icahn Offshore and Icahn Onshore. Icahn Enterprises Holdings is the sole member of IPH, which is the general partner of Icahn Capital. Beckton is the sole stockholder of Icahn Enterprises GP, which is the general partner of Icahn Enterprises Holdings. Carl C. Icahn is the sole stockholder of each of Barberry and Beckton. As such, Mr. Icahn is in a position indirectly to determine the investment and voting decisions made by each of the Reporting Persons. In addition, Mr. Icahn is the indirect holder of approximately 88.2% of the outstanding depositary units representing limited partnership interests in Icahn Enterprises L.P. ("Icahn Enterprises"). Icahn Enterprises GP is the general partner of Icahn Enterprises, which is the sole limited partner of Icahn Enterprises Holdings.

Each of High River and Barberry is primarily engaged in the business of investing in securities. Hopper is primarily engaged in the business of serving as the general partner of High River. Each of Icahn Master and Icahn Partners is primarily engaged in the business of investing in securities. Icahn Offshore is primarily engaged in the business of serving as the general partner of Icahn Master. Icahn Onshore is primarily engaged in the business of serving as the general partner of Icahn Partners. Icahn Capital is primarily engaged in the business of serving as the general partner of each of Icahn Offshore and Icahn Onshore. IPH is primarily engaged in the business of serving as the general partner of Icahn Capital. Icahn Enterprises Holdings is primarily engaged in the business of holding direct or indirect interests in various operating businesses. Icahn Enterprises GP is primarily engaged in the business of serving as the general partner of each of Icahn Enterprises and Icahn Enterprises Holdings. Beckton is primarily engaged in the business of holding the capital stock of Icahn Enterprises GP.

Carl C. Icahn's present principal occupation or employment is serving as (i) Chief Executive Officer of Icahn Capital LP, a wholly owned subsidiary of Icahn Enterprises, through which Mr. Icahn manages various private investment funds, including Icahn Partners and Icahn Master, (ii) Chairman of the Board of Icahn Enterprises GP, the general partner of Icahn Enterprises, a Nasdaq listed diversified holding company engaged in a variety of businesses, including investment management, metals, energy, automotive, real estate, railcar, food packaging, gaming, and home fashion, and (iii) Chairman of the Board and a director of Starfire Holding Corporation ("Starfire"), a holding company engaged in the business of investing in and/or holding securities of various entities, and as Chairman of the Board and a director of various of Starfire's subsidiaries.

The name, citizenship, present principal occupation or employment and business address of each director and executive officer of the Reporting Persons are set forth in Schedule A attached hereto.

None of the Reporting Persons nor any manager or executive officer of the Reporting Persons, has, during the past five years, (a) been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors), or (b) been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting, or mandating activities subject to, Federal or State securities laws or a finding of any violation with respect to such laws.


Item 3. Source and Amount of Funds or Other Consideration

The Reporting Persons may be deemed to be the beneficial owner of, in the aggregate, 14,967,373 Shares (including Shares underlying call options). The aggregate purchase price of the Shares purchased by the Reporting Persons collectively was approximately $229 million (including commissions and premiums for options to purchase Shares). The source of funding for these Shares was the general working capital of the respective purchasers. The Shares are held by the Reporting Persons in margin accounts together with other securities. Such margin accounts may from time to time have debit balances. Part of the purchase price of the Shares was obtained through margin borrowing.


Item 4.                          Purpose of Transaction

The Reporting Persons acquired their positions in the Shares in the belief that they were undervalued and that value could be created by splitting the Issuer into separate print and broadcast companies.  After acquiring a substantial position in the Issuer, on August 5, 2014, the Issuer announced it would separate into two such companies.  Prior to today, the Reporting Persons have not had any contact with the Issuer.  Going forward, the Reporting Persons intend to have discussions with representatives of the Issuer's management and board of directors relating to the planned separation, corporate governance, capitalization and capital allocation.

The Reporting Persons may, from time to time and at any time: (i) acquire additional Shares and/or other equity, debt, notes, instruments or other securities (collectively, "Securities") of the Issuer (or its affiliates) in the open market or otherwise; (ii) dispose of any or all of their Securities in the open market or otherwise; or (iii) engage in any hedging or similar transactions with respect to the Securities.

Item 5.                          Interest in Securities of the Issuer

(a) The Reporting Persons may be deemed to beneficially own, in the aggregate, 14,967,373 Shares (including Shares underlying call options), representing approximately 6.63% of the Issuer's outstanding Shares (based upon the 225,647,176 Shares stated to be outstanding as of June 29, 2014 by the Issuer in the Issuer's Form 10-Q filed with the Securities and Exchange Commission on July 30, 2014).

(b) High River has sole voting power and sole dispositive power with regard to 2,993,477 Shares (including Shares underlying call options). Each of Hopper, Barberry and Mr. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Master has sole voting power and sole dispositive power with regard to 4,861,502 Shares (including Shares underlying call options). Each of Icahn Offshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn has shared voting power and shared dispositive power with regard to such Shares. Icahn Partners has sole voting power and sole dispositive power with regard to 7,112,394 Shares (including Shares underlying call options). Each of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn has shared voting power and shared dispositive power with regard to such Shares.

Each of Hopper, Barberry and Mr. Icahn, by virtue of their relationships to High River (as disclosed in Item 2), may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Securities Exchange Act of 1934, as amended, the "Act") the Shares which High River directly beneficially owns. Each of Hopper, Barberry and Mr. Icahn disclaims beneficial ownership of such Shares for all other purposes. Each of Icahn Offshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn Master (as disclosed in Item 2), may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Master directly beneficially owns. Each of Icahn Offshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn disclaims beneficial ownership of such Shares for all other purposes. Each of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn, by virtue of their relationships to Icahn Partners (as disclosed in Item 2), may be deemed to indirectly beneficially own (as that term is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners directly beneficially owns. Each of Icahn Onshore, Icahn Capital, IPH, Icahn Enterprises Holdings, Icahn Enterprises GP, Beckton and Mr. Icahn disclaims beneficial ownership of such Shares for all other purposes.

(c) The following table sets forth all transactions with respect to Shares effected during the past sixty (60) days by any of the Reporting Persons. Except as otherwise noted below, all such transactions were purchases of Shares effected in the open market, and the table includes commissions paid in per share prices.


Name of Reporting Person
Date of Transaction
Amount of Securities
Price Per Share
 
High River Limited Partnership
06/17/2014
           51,165.00
 28.89
High River Limited Partnership
06/18/2014
           20,200.00
 29.00
High River Limited Partnership
06/19/2014
           58,720.00
 29.45
High River Limited Partnership
06/20/2014
           80,000.00
 29.40
High River Limited Partnership
06/23/2014
           33,310.00
 29.33
High River Limited Partnership
06/24/2014
           51,225.00
 29.27
High River Limited Partnership
06/25/2014
           60,260.00
 30.37
High River Limited Partnership
06/26/2014
           92,098.00
 30.68
High River Limited Partnership
06/26/2014
 250,000.00 (1)
 10.50 (2)
High River Limited Partnership
06/27/2014
 149,000.00 (1)
 10.51 (2)
High River Limited Partnership
06/30/2014
 103,540.00 (1)
 10.99 (2)
High River Limited Partnership
07/01/2014
 82,953.00 (1)
 11.56 (2)
High River Limited Partnership
07/02/2014
 69,345.00 (1)
 11.83 (2)
High River Limited Partnership
07/03/2014
 20.00 (1)
 11.86 (2)
High River Limited Partnership
07/07/2014
 72,358.00 (1)
 11.84 (2)
High River Limited Partnership
07/08/2014
 65,824.00 (1)
 11.37 (2)
High River Limited Partnership
07/09/2014
 62,048.00 (1)
 11.80 (2)
High River Limited Partnership
07/10/2014
 96,070.00 (1)
 11.71 (2)
High River Limited Partnership
07/11/2014
 40,000.00 (1)
 11.56 (2)
High River Limited Partnership
07/14/2014
 75,173.00 (1)
 11.58 (2)
High River Limited Partnership
07/15/2014
 65,002.00 (1)
 11.58 (2)
High River Limited Partnership
07/16/2014
 67,886.00 (1)
 11.83 (2)
High River Limited Partnership
07/17/2014
 101,800.00 (1)
 11.61 (2)
High River Limited Partnership
07/18/2014
 81,358.00 (1)
 11.66 (2)
High River Limited Partnership
07/21/2014
 94,860.00 (1)
 11.61 (2)
High River Limited Partnership
07/22/2014
 29,300.00 (1)
 11.63 (2)
High River Limited Partnership
07/28/2014
 55,978.00 (1)
 13.29 (2)
High River Limited Partnership
07/29/2014
 100,000.00 (1)
 13.60 (2)
High River Limited Partnership
07/30/2014
 58,000.00 (1)
 13.42 (2)
High River Limited Partnership
08/04/2014
 75,275.00 (1)
 13.69 (2)
High River Limited Partnership
08/08/2014
 340.00 (1)
 13.47 (2)
High River Limited Partnership
08/11/2014
 167,992.00 (1)
 13.69 (2)
High River Limited Partnership
08/12/2014
 169,813.00 (1)
 13.29 (2)
High River Limited Partnership
08/13/2014
 113,460.00 (1)
 13.71 (2)
High River Limited Partnership
08/14/2014
  199,104.00 (1)
 13.76 (2)
 
 
 
 
Icahn Partners LP
06/17/2014
 121,482.00
 28.89
Icahn Partners LP
06/18/2014
 47,966.00
 29.00
Icahn Partners LP
06/19/2014
 139,431.00
 29.45
Icahn Partners LP
06/20/2014
 189,962.00
 29.40
Icahn Partners LP
06/23/2014
 79,094.00
 29.33
Icahn Partners LP
06/24/2014
 121,637.00
 29.27
Icahn Partners LP
06/25/2014
 143,088.00
 30.37
Icahn Partners LP
06/26/2014
 218,687.00
 30.68
Icahn Partners LP
06/26/2014
 593,631.00 (1)
 10.50 (2)
Icahn Partners LP
06/27/2014
 353,802.00 (1)
 10.51 (2)
Icahn Partners LP
06/30/2014
 245,858.00 (1)
 10.99 (2)
Icahn Partners LP
07/01/2014
 198,242.00 (1)
 11.56 (2)
Icahn Partners LP
07/02/2014
 164,739.00 (1)
 11.83 (2)
Icahn Partners LP
07/03/2014
 48.00 (1)
 11.86 (2)
Icahn Partners LP
07/07/2014
 171,896.00 (1)
 11.84 (2)
Icahn Partners LP
07/08/2014
 156,373.00 (1)
 11.37 (2)
Icahn Partners LP
07/09/2014
 147,403.00 (1)
 11.80 (2)
Icahn Partners LP
07/10/2014
 228,229.00 (1)
 11.71 (2)
Icahn Partners LP
07/11/2014
 95,031.00 (1)
 11.56 (2)
Icahn Partners LP
07/14/2014
 178,583.00 (1)
 11.58 (2)
Icahn Partners LP
07/15/2014
 154,423.00 (1)
 11.58 (2)
Icahn Partners LP
07/16/2014
 161,274.00 (1)
 11.83 (2)
Icahn Partners LP
07/17/2014
 241,840.00 (1)
 11.61 (2)
Icahn Partners LP
07/18/2014
 193,278.00 (1)
 11.66 (2)
Icahn Partners LP
07/21/2014
 225,355.00 (1)
 11.61 (2)
Icahn Partners LP
07/22/2014
 69,605.00 (1)
 11.63 (2)
Icahn Partners LP
07/28/2014
 132,983.00 (1)
 13.29 (2)
Icahn Partners LP
07/29/2014
 237,565.00 (1)
 13.60 (2)
Icahn Partners LP
07/30/2014
 137,787.00 (1)
 13.42 (2)
Icahn Partners LP
08/04/2014
 179,580.00 (1)
 13.69 (2)
Icahn Partners LP
08/08/2014
 808.00 (1)
 13.47 (2)
Icahn Partners LP
08/11/2014
 399,142.00 (1)
 13.69 (2)
Icahn Partners LP
08/12/2014
 403,469.00 (1)
 13.29 (2)
Icahn Partners LP
08/13/2014
 269,577.00 (1)
 13.71 (2)
Icahn Partners LP
08/14/2014
473,064.00 (1)
 13.76 (2)
 
 
 
 
Icahn Partners Master Fund LP
06/17/2014
 83,178.00
 28.89
Icahn Partners Master Fund LP
06/18/2014
 32,834.00
 29.00
Icahn Partners Master Fund LP
06/19/2014
 95,449.00
 29.45
Icahn Partners Master Fund LP
06/20/2014
 130,038.00
 29.40
Icahn Partners Master Fund LP
06/23/2014
 54,144.00
 29.33
Icahn Partners Master Fund LP
06/24/2014
 83,265.00
 29.27
Icahn Partners Master Fund LP
06/25/2014
 97,952.00
 30.37
Icahn Partners Master Fund LP
06/26/2014
 149,703.00
 30.68
Icahn Partners Master Fund LP
06/26/2014
406,369.00 (1)
10.50 (2)
Icahn Partners Master Fund LP
06/27/2014
242,196.00 (1)
10.51 (2)
Icahn Partners Master Fund LP
06/30/2014
168,302.00 (1)
10.99 (2)
Icahn Partners Master Fund LP
07/01/2014
133,569.00 (1)
11.56 (2)
Icahn Partners Master Fund LP
07/02/2014
112,642.00 (1)
11.83 (2)
Icahn Partners Master Fund LP
07/03/2014
32.00 (1)
11.86 (2)
Icahn Partners Master Fund LP
07/07/2014
117,536.00 (1)
11.84 (2)
Icahn Partners Master Fund LP
07/08/2014
106,921.00 (1)
11.37 (2)
Icahn Partners Master Fund LP
07/09/2014
100,788.00 (1)
11.80 (2)
Icahn Partners Master Fund LP
07/10/2014
156,053.00 (1)
11.71 (2)
Icahn Partners Master Fund LP
07/11/2014
64,969.00 (1)
11.56 (2)
Icahn Partners Master Fund LP
07/14/2014
122,107.00 (1)
11.58 (2)
Icahn Partners Master Fund LP
07/15/2014
105,587.00 (1)
11.58 (2)
Icahn Partners Master Fund LP
07/16/2014
110,271.00 (1)
11.83 (2)
Icahn Partners Master Fund LP
07/17/2014
165,360.00 (1)
11.61 (2)
Icahn Partners Master Fund LP
07/18/2014
132,155.00 (1)
11.66 (2)
Icahn Partners Master Fund LP
07/21/2014
154,086.00 (1)
11.61 (2)
Icahn Partners Master Fund LP
07/22/2014
47,594.00 (1)
11.63 (2)
Icahn Partners Master Fund LP
07/28/2014
90,927.00 (1)
13.29 (2)
Icahn Partners Master Fund LP
07/29/2014
162,435.00 (1)
13.60 (2)
Icahn Partners Master Fund LP
07/30/2014
94,213.00 (1)
13.42 (2)
Icahn Partners Master Fund LP
08/04/2014
121,518.00 (1)
13.69 (2)
Icahn Partners Master Fund LP
08/08/2014
552.00 (1)
13.47 (2)
Icahn Partners Master Fund LP
08/11/2014
272,824.00 (1)
13.69 (2)
Icahn Partners Master Fund LP
08/12/2014
275,782.00 (1)
13.29 (2)
Icahn Partners Master Fund LP
08/13/2014
 184,262.00 (1)
 13.71 (2)
Icahn Partners Master Fund LP
08/14/2014
  323,351.00 (1)
 13.76 (2)


(1) Represents shares underlying American-style call options purchased by the applicable Reporting Person in the over the counter market. These call options expire on June 27, 2016.

(2) This amount represents the cost of an applicable American-style call option to purchase one Share. The per share exercise price of these call options is $20.15, subject to adjustment to account for any dividends or other distributions declared by the Issuer prior to exercise of the options.


Item 6.                          Contracts, Arrangements, Understandings or Relationship with Respect to Securities of the Issuer

Call Options

The Reporting Persons purchased, in the over the counter market, American-style call options referencing an aggregate of 12,232,485 Shares, which expire on June 27, 2016.

The agreements provide for physical settlement (unless the Reporting Person opts for a cash settlement). These agreements do not give the Reporting Persons direct or indirect voting, investment or dispositive control over the Shares to which these agreements relate. These agreements are further described in Item 5(c).

Put Options

The Reporting Persons have sold, in the over the counter market, European-style put options referencing an aggregate of 12,232,485 Shares, which expire on the earlier of June 27, 2016 or the date on which the corresponding American-style call option described above under "Call Options" in this Item 6 is exercised.

The agreements provide that they settle in cash. These agreements do not give the Reporting Persons direct or indirect voting, investment or dispositive control over the Shares to which these agreements relate.

Except as otherwise described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) among the persons named in Item 2 and between such persons and any person with respect to any securities of the Issuer, including but not limited to transfer or voting of any of the securities, finder's fees, joint ventures, loan or option arrangements, puts or calls, guarantees of profits, division of profits or loss, or the giving or withholding of proxies.


Item 7.                          Material to be Filed as Exhibits

1            Joint Filing Agreement of the Reporting Persons.




SIGNATURE

After reasonable inquiry and to the best of each of the undersigned knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.

Dated: August 14, 2014

ICAHN PARTNERS MASTER FUND LP
ICAHN OFFSHORE LP
ICAHN PARTNERS LP
ICAHN ONSHORE LP
BECKTON CORP.
HOPPER INVESTMENTS LLC
BARBERRY CORP.
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, general partner
By: Barberry Corp.

By:            /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory


ICAHN CAPITAL LP
By: IPH GP LLC, its general partner
By: Icahn Enterprises Holdings L.P., its sole member
By: Icahn Enterprises G.P. Inc., its general partner
IPH GP LLC
By: Icahn Enterprises Holdings L.P., its sole member
By: Icahn Enterprises G.P. Inc., its general partner
ICAHN ENTERPRISES HOLDINGS L.P.
By: Icahn Enterprises G.P. Inc., its general partner
ICAHN ENTERPRISES G.P. INC.

By:            /s/ SungHwan Cho
Name: SungHwan Cho
Title: Chief Financial Officer



/s/ Carl C. Icahn                                        
CARL C. ICAHN

[Signature Page of Schedule 13D – Gannett Co., Inc.]







EXHIBIT 1
JOINT FILING AGREEMENT

In accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, the persons named below agree to the joint filing on behalf of each of them of a statement on Schedule 13D (including amendments thereto) with respect to the Shares of Gannett Co., Inc. and further agree that this Joint Filing Agreement be included as an Exhibit to such joint filings. In evidence thereof, the undersigned, being duly authorized, have executed this Joint Filing Agreement this 14th day of August, 2014.

ICAHN PARTNERS MASTER FUND LP
ICAHN OFFSHORE LP
ICAHN PARTNERS LP
ICAHN ONSHORE LP
BECKTON CORP.
HOPPER INVESTMENTS LLC
BARBERRY CORP.
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, general partner
By: Barberry Corp.

By:            /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory

ICAHN CAPITAL LP
By: IPH GP LLC, its general partner
By: Icahn Enterprises Holdings L.P., its sole member
By: Icahn Enterprises G.P. Inc., its general partner
IPH GP LLC
By: Icahn Enterprises Holdings L.P., its sole member
By: Icahn Enterprises G.P. Inc., its general partner
ICAHN ENTERPRISES HOLDINGS L.P.
By: Icahn Enterprises G.P. Inc., its general partner
ICAHN ENTERPRISES G.P. INC.

By:            /s/ SungHwan Cho
Name: SungHwan Cho
Title: Chief Financial Officer

/s/ Carl C. Icahn                                        
CARL C. ICAHN

[Signature Page of Joint Filing Agreement to Schedule 13D – Gannett Co., Inc.]






SCHEDULE A

DIRECTORS AND EXECUTIVE OFFICERS OF THE REPORTING PERSONS

The following sets forth the name, position, and principal occupation of each director and executive officer of each of the Reporting Persons. Each such person is a citizen of the United States of America. Except as otherwise indicated, the business address of each director and officer is c/o Icahn Associates Holding LLC, 767 Fifth Avenue, 47th Floor, New York, New York 10153. To the best of the Reporting Persons' knowledge, except as set forth in this statement on Schedule 13D, none of the directors or executive officers of the Reporting Persons own any Shares.


ICAHN PARTNERS MASTER FUND LP
Name
Position
Icahn Offshore LP
General Partner
Carl C. Icahn
Chief Executive Officer
Vincent J. Intrieri
Senior Managing Director
Irene March
Chief Financial Officer
Edward E. Mattner
Authorized Signatory
Gail Golden
Authorized Signatory
Keith Cozza
Chief Operating Officer


ICAHN PARTNERS LP
Name
Position
Icahn Onshore LP
General Partner
Carl C. Icahn
Chief Executive Officer
Vincent J. Intrieri
Senior Managing Director
Irene March
Chief Financial Officer
Edward E. Mattner
Authorized Signatory
Gail Golden
Authorized Signatory
Keith Cozza
Chief Operating Officer


ICAHN ONSHORE LP
ICAHN OFFSHORE LP
Name
Position
Icahn Capital LP
General Partner
Carl C. Icahn
Chief Executive Officer
Vincent J. Intrieri
Senior Managing Director
Irene March
Chief Financial Officer
Edward E. Mattner
Authorized Signatory
Gail Golden
Authorized Signatory
Keith Cozza
Chief Operating Officer
 

ICAHN CAPITAL LP
Name
Position
IPH GP LLC
General Partner
Carl C. Icahn
Chief Executive Officer
Vincent J. Intrieri
Senior Managing Director
SungHwan Cho
Chief Financial Officer
Peter Reck
Chief Accounting Officer
Keith Cozza
Chief Operating Officer
Edward E. Mattner
Authorized Signatory
Gail Golden
Authorized Signatory


IPH GP LLC
Name
Position
Icahn Enterprises Holdings L.P.
Sole Member
Carl C. Icahn
Chief Executive Officer
Vincent J. Intrieri
Senior Managing Director
SungHwan Cho
Chief Financial Officer
Peter Reck
Chief Accounting Officer
Edward E. Mattner
Authorized Signatory
Gail Golden
Authorized Signatory
Keith Cozza
Chief Operating Officer


ICAHN ENTERPRISES HOLDINGS L.P.
Name
Position
Icahn Enterprises G.P. Inc.
General Partner


ICAHN ENTERPRISES G.P. INC.
Name
Position
Carl C. Icahn
Chairman
Daniel A. Ninivaggi
Director
William A. Leidesdorf
Director
Jack G. Wasserman
Director
James L. Nelson
Director
Keith Cozza
Director; Chief Executive Officer
SungHwan Cho
Director; Chief Financial Officer
Peter Reck
Principal Accounting Officer; Secretary
Craig Pettit
Vice President of Tax Administration


BECKTON CORP.
Name
Position
Carl C. Icahn
Chairman of the Board; President
Jordan Bleznick
Vice President/Taxes
Edward E. Mattner
Authorized Signatory
Keith Cozza
Secretary; Treasurer


HIGH RIVER LIMITED PARTNERSHIP
Name
Position
Hopper Investments LLC
General Partner


HOPPER INVESTMENTS LLC
Name
Position
Barberry Corp
Member
Edward E. Mattner
Authorized Signatory


BARBERRY CORP.
Name
Position
Carl C. Icahn
Chairman of the Board; President
Gail Golden
Vice President; Authorized Signatory
Jordan Bleznick
Vice President/Taxes
Vincent J. Intrieri
Vice President; Authorized Signatory
Irene March
Authorized Signatory
Edward E. Mattner
Authorized Signatory
Keith Cozza
Secretary; Treasurer