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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                     FORM 4

                  STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

    Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934,
       Section 17(a) of the Public Utility Holding Company Act of 1935 or
               Section 30(f) of the Investment Company Act of 1940

[  ] Check this box if no longer subject of Section 16. Form 4 or Form 5
     obligations may continue. See Instruction 1(b).

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1. Name and Address of Reporting Person*

Ivey                   Denise                    H.
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   (Last)               (First)                 (Middle)

Gannett Co., Inc.   1100 Wilson Boulevard
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                                    (Street)

Arlington                           Virginia                           22234
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   (City)                           (State)                           (Zip)


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2. Issuer Name and Ticker or Trading Symbol


Gannett Co., Inc.   ("GCI")
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3. IRS or Social Security Number of Reporting Person (Voluntary)


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4. Statement for Month/Year

April, 2001
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5. If Amendment, Date of Original (Month/Year)


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6. Relationship of Reporting Person to Issuer
   (Check all applicable)

   [   ]   Director                             [   ]   10% Owner
   [ X ]   Officer (give title below)           [   ]   Other (specify below)


Group President/ Gulf Newspaper Group
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7. Individual or Joint/Group Filing
   (Check applicable line)

   [ X ] Form filed by one Reporting Person
   [   ] Form filed by more than one Reporting Person


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           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
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                                                                                                 5.             6.
                                                                 4.                              Amount of      Owner-
                                                                 Securities Acquired (A) or      Securities     ship
                                                                 Disposed of (D)                 Beneficially   Form:     7.
                                                                 (Instr. 3, 4 and 5)             Owned at End   Direct    Nature of
                                      2.            3.           -----------------------------   of the Month   (D) or    Indirect
1.                                    Transaction   Transaction                  (A)             (Instr. 3 & 4) Indirect  Beneficial
Title of Security                     Date          Code             Amount      or     Price                   (I)       Ownership
(Instr. 3)                            (mm/dd/yy)    (Instr. 8)                   (D)                            (Instr.4) (Instr. 4)
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Common Stock                          04/23/01       M               2,900       A      $23.625  See Below      D
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Common Stock                          04/23/01       S               2,900       D      $64.55     624          D
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Common Stock                          To 03/31/01                                                7,104.9199     I         (1)
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Common Stock                          To 12/31/00                                                1,564.103      I         (2)
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*    If the form is filed by more than one  Reporting  Person,  see  Instruction
     4(b)(v).

Reminder:  Report on a separate line for each class of  securities  beneficially
owned directly or indirectly.


                                  Page 1 of 2





FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

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                                                                                                          9.        10.
                                                                                                          Number    Owner-
                                                                                                          of        ship
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-                      Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.                Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   4.       or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Trans-   of (D)        (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     action   (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  Code     4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security            Secur-   Day/     (Instr.  ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    8)        (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
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Stock Options       $23.625  04/23/01 M               2,900  12/13/98 12/13/02 Common    2,900   0        0     D
                                                                               Stock
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Explanation of Responses:
(1)  Held by the trustee of the Company's Deferred Compensation Plan, The
Northern Trust Company.
(2)  Held by the trustee of the Company's 401(k) Plan, Boston Safe Deposit and
Trust Company.


/s/Denise H. Ivey                                               05/04/01
---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date

**   Intentional misstatements or omissions of facts constitute Federal Criminal
     Violations.

     See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.

     Alternatively, this Form is permitted to be submitted to the Commission in
     electronic format at the option of the reporting person pursuant to Rule
     101(b)(4) of Regulation S-T.

                                  Page 2 of 2