MNG Enterprises Comments on Initial Voting Results of Gannett Annual Meeting

DENVER–(BUSINESS WIRE)–MNG Enterprises, Inc. (“MNG”), owner and operator of one of the largest
newspaper businesses in the U.S. and the largest active shareholder in
Gannett Co., Inc. (NYSE:GCI) (“Gannett” or the “Company”), today issued
the following statement based on its analysis of the preliminary voting
results of Gannett’s 2019 Annual Meeting.

This is a win for an entrenched Gannett Board that has been unwilling
to address the current realities of the newspaper business, and sadly a
loss for Gannett and its shareholders.

Gannett’s newspapers are critical local resources, and we hope that
Gannett’s incumbent Board and Management shift course to embrace a
modern approach to local news that will save newspapers and serve
communities. That would be the best outcome. If Gannett’s Board does not
shift course from overpaying for non-core, aspirational and dilutive
digital deals, we believe the stock will drop further.”

About MNG Enterprises

MNG Enterprises, Inc. is one of the largest owners and operators of
newspapers in the United States by circulation, with approximately 200
publications including The Denver Post, The Mercury News, The Orange
County Register and The Boston Herald. MNG is a leader in local,
multi-platform news and information, distinguished by its award-winning
original content and high quality, diversified portfolio of both print
and local news and information web sites and mobile apps offering rich
multimedia experiences across the nation. For more information, please
visit www.medianewsgroup.com.

Additional Information

MNG Enterprises, Inc., together with the other participants in its proxy
solicitation (collectively, “MNG”), have filed a definitive proxy
statement and an accompanying BLUE proxy card with the Securities and
Exchange Commission (the “SEC”) to be used to solicit votes for the
election of MNG’s slate of highly-qualified director nominees at the
2019 annual meeting of stockholders (the “Annual Meeting”) of Gannett
Co., Inc. (the “Company”). Stockholders are advised to read the proxy
statement and any other documents related to the solicitation of
stockholders of the Company in connection with the Annual Meeting
because they contain important information, including additional
information relating to the participants in MNG’s proxy solicitation.
These materials and other materials filed by MNG in connection with the
solicitation of proxies are available at no charge on the SEC’s website
at www.sec.gov.
The definitive proxy statement and other relevant documents filed by MNG
with the SEC are also available, without charge, by directing a request
to MNG’s proxy solicitor, Okapi Partners LLC, at its toll-free number
(888) 785-6668 or via email at info@okapipartners.com.

Contacts

MEDIA:
Reevemark
Paul Caminiti / Hugh Burns /
Renée Soto
+1 212.433.4600
MNGInquiries@reevemark.com

INVESTOR:
Okapi
Partners LLC

Bruce Goldfarb/Pat McHugh
+ 212.297.0720
info@okapipartners.com

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