January 22, 2001

Belo sets schedule for Year-End Earnings Release and Conference Call

Dallas, TX -- Belo(NYSE: BLC) said today that it will initiate the practice of releasing year-end earnings to coincide with the Company's regularly-scheduled February Board of Directors meeting.

Belo will issue a news release regarding its 2000 year-end earnings on Friday, February 9, 2001, at approximately 7:30 a.m. Central Standard Time. A conference call to discuss the earnings release and other matters of interest to shareholders and analysts will follow at 1:00 p.m. Central Standard Time on February 9.

The conference call will be simultaneously Webcast over the World Wide Web. The press and public are invited to participate in the call in a listen-only mode by dialing 1-800-218-0713 or by logging onto www.belo.com and following the instructions set forth on the News Releases page of Belo's Web site (www.belo.com/news.html).

Following the conclusion of the Webcast, the conference call will also be available for playback for a period of approximately two weeks on Belo's Web site.

About Belo
Belo is one of the nation's largest media companies with a diversified group of market-leading broadcasting, publishing, cable and interactive media assets. A Fortune 1000 company with more than 9,000 employees and $1.5 billion in annual revenues, Belo operates news and information franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, Arizona, Southern California, Rhode Island, and the Mid-Atlantic region. Belo owns 17 television stations (six in the top 17 markets) reaching 13.7 percent of U. S. television households; owns or operates six cable news channels; and manages three television stations through local marketing agreements. Belo publishes five daily newspapers including The Dallas Morning News, The Providence Journal and The Press-Enterprise (Riverside, CA.). Belo Interactive's new media businesses include 38 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information, contact Skip Cass, Belo's senior vice president, or Carey Hendrickson, Belo's vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.