February 9, 2001

Belo announces Quarterly Dividend

Dallas, TX-- Belo(NYSE: BLC) announced today that its Board of Directors declared a quarterly cash dividend of $.075 for each outstanding share of Series A stock and Series B stock to be paid June 1, 2001 to shareholders of record on May 11, 2001.

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, at 214-977-6602. Additional information, including earnings releases, is available online at www.belo.com.