Quarterly Supplement Q3 2021

Q3 2021 Earnings

November 5, 2021

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Disclaimer and Notes

In General. This disclaimer applies to this document and the verbal or written comments of any person presenting it. This document, taken together with any such verbal or written comments, is referred to herein as the "Presentation." Gannett Co., Inc. is referred to in this Presentation as "Gannett," "we," "us," "our" or the "Company".

Cautionary Statement Regarding Forward-LookingStatements. Certain items and statements in this Presentation may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our ability to grow Adjusted EBITDA, our ability to achieve our operating priorities, integration of our acquisitions, our digital revenue performance and growth, growth in our Digital Marketing Solutions segment, our expectations, in terms of both amount and timing, with respect to implementation of synergies, realization of cost savings, debt repayment, real estate and other asset sales, our cash interest savings, and our net leverage, growth of and demand for our digital-only subscriptions and digital marketing and advertising services, growth of our average revenue per customer, our strategy, and future revenue trends and our ability to influence trends. Words such as "expect(s)", "plan(s)", "believes(s)", "will", "target" and similar expressions are intended to identify such forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties. These and other risks and uncertainties could cause actual results to differ materially from those described in the forward-looking statements, many of which are beyond our control. The Company can give no assurance its expectations will be attained. Accordingly, you should not place undue reliance on any forward-looking statements contained in this Presentation. For a discussion of some of the risks and important factors that could cause actual results to differ from such forward-looking statements, see the risks and other factors detailed from time to time in the Company's 2020 Annual Report on Form 10-K, our quarterly reports on Form 10-Q, and our other filings with the Securities and Exchange Commission. Furthermore, new risks and uncertainties emerge from time to time, and it is not possible for the Company to predict or assess the impact of every factor that may cause its actual results to differ from those contained in any forward-looking statements. Such forward- looking statements speak only as of the date indicated or as of this Presentation. Except to the extent required by law, the Company expressly disclaims any obligation to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with regard thereto or change in events, conditions or circumstances on which any statement is based.

Past Performance. In all cases where historical performance is presented, please note that past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. This Presentation is not an offer to sell, nor a solicitation of an offer to buy any securities. Non-GAAPMeasures. This Presentation includes non-GAAP measures, such as Adjusted EBITDA, Adjusted EBITDA Margin, Free Cash Flow, Adjusted Net Income (loss) attributable to Gannett, and same store revenue. Year-over-year same store revenue changes are calculated based on U.S. GAAP revenue for Gannett for the current period, excluding (1) exited operations, (2) currency impacts, and (3) deferred revenue impacts related to our acquisition of Gannett Co. Inc. (which was renamed Gannett Media Corp. and is referred to as "Legacy Gannett") in the fourth quarter of 2019. See the "Appendix" in this Presentation for information regarding these non-GAAP measures, including reconciliations to the most directly comparable U.S. GAAP financial measure.

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Gannett operates a scalable, data-driven digital media platform that is fully aligned with consumer and digital marketing trends.

We are a subscription-led and digitally focused media and marketing solutions company that is committed to empowering communities to thrive.

Our strategy is focused on driving audience growth and engagement by delivering deeper content experiences to our consumers, while offering the products and marketing expertise our business partners desire.

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Topline Stats: Growth Drivers

local and national reach across U.S. and U.K. in Q3 2021

Accelerate digital		Drive digital		Optimize traditional		Prioritize investments		Build on inclusive &
	marketing solutions
subscriber growth			print business		in growth businesses		diverse culture
	(DMS) growth

1.5M+

15K

2.0M

15M

Quarter End	Average Monthly	Total Quarterly	Total Quarterly Sports	Diversity and Inclusion
Digital-only	DMS Core Platform	Print Subscribers	Betting Page Views	Committee launched
Subscribers	Customers (1)		Post mid-September launch	at Newsquest
+46% YOY				U.K.'s leading local media
				group

1. 18K total DMS customers including core platform and non-core customers.

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Topline Stats: Community Engagement

local and national reach across U.S. and U.K. in Q3 2021

179M

5.0B

389M

2.1M

11.7M

Average Monthly	Total Quarterly	Total Quarterly	Total Quarterly	U.S. Daily & U.K.
Digital Audience	Pageviews	Video Views	Event Attendees	Average Weekly
(UVs)		(on platform)	Live and Virtual	Print Readership

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