April 30, 2001

Belo to hold investor conference in New York

Dallas, TX -- Belo (NYSE: BLC) will hold an Investor Conference at The Museum of Television and Radio in New York City on Wednesday, May 2, 2001, at 9:00 a.m. EDT, providing guidance to the investment community on the Company's business strategies and current operations.

Beginning at noon EDT on Wednesday, May 2, Belo's presentation will be available on the Company's Web site at www.belo.com for approximately two weeks following the conference.

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 8,500 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, the Southwest, 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 four daily newspapers including The Dallas Morning News, The Providence Journal and The Press-Enterprise (Riverside, CA.). Belo Interactive's new media businesses include 35 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information, contact Skip Cass, 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.