Gannett Co., Inc. (parent company of WKYC-TV) reported today that earnings per diluted share for the first quarter of 2010 were $0.49 compared to $0.34 for the first quarter of 2009. Results for both quarters included special items as noted below. Excluding these items, earnings per diluted share for the first quarter of 2010 were $0.50, double the comparable figure of $0.25 for the first quarter of 2009. Results for the first quarter of 2010 include a $2.2 million tax charge related to recent health care reform legislation and the resultant loss of tax deductibility for retiree health care costs covered by Medicare retiree drug subsidies ($0.01 per share). Results for the first quarter of 2009 include a $39.8 million pre-tax settlement gain related to one of the company’s union pension plans ($24.7 million after-tax or $0.11 per share) and $6.6 million in pre-tax workforce restructuring costs ($4.3 million after-tax or $0.02 per share). Details of these special items and their eff...