Belo Announces Quarterly Dividend

Belo Announces Quarterly Dividend

DALLAS, July 27 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC) announced today that its Board of Directors declared a quarterly cash dividend of $0.125 for each outstanding share of Series A stock and Series B stock to be paid on September 7, 2007, to shareholders of record on August 17, 2007.

About Belo

Belo Corp. is one of the nation's largest media companies with a diversified group of market-leading television, newspaper, cable and interactive media assets. A Fortune 1000 company with 7,100 employees and more than $1.6 billion in annual revenues, Belo operates in some of America's most dynamic markets in Texas, the Northwest, the Southwest, the Mid-Atlantic and Rhode Island. Belo owns 20 television stations, six of which are in the 15 largest U.S. broadcast markets. The Company also owns or operates six cable news channels and manages one television station through a local marketing agreement. Belo's daily newspapers are The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). The Company also publishes specialty publications targeting young adults, and the fast-growing Hispanic market, including Quick and Al Dia in Dallas/Fort Worth, and El D and La Prensa in Riverside. Belo operates more than 30 Web sites associated with its operating companies. Additional information is available at www.belo.com or by contacting Carey Hendrickson, vice president/Investor Relations & Corporate Communications, at 214-977-6626.

FCMN Contact: scoleman@belo.com

Source: Belo Corp.

CONTACT: Carey Hendrickson, vice president, Investor Relations &
Corporate Communications, +1-214-977-6626

Web site:

http://www.belo.com/

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