May 24, 2001
Belo names Moroney and Mong to key responsibilities at The Dallas Morning News
Dallas, TX -- Belo (NYSE:BLC) announced today that James M. Moroney III, 44, will become publisher and chief executive officer of The Dallas Morning News effective June 18, 2001.
Robert W. Mong, Jr., 52, will become president and editor of The Morning News, a title last held by Burl Osborne prior to his becoming publisher of the newspaper. Osborne will retire as an executive officer of Belo at year-end and will assume the title of publisher emeritus of The Morning News.
Robert W. Decherd, Belo's chairman, president and chief executive officer, said, "The team of Jim Moroney and Bob Mong is Belo's strongest commitment yet to realizing the opportunities afforded by convergence of the Company's various media businesses and, in the instance of the Dallas/Fort Worth market, Belo's co-ownership of the market's leading newspaper, television broadcasting, cable news operations and Internet sites.
Jim's experience in broadcasting, corporate management and creating Belo Interactive is a perfect complement for Bob's extraordinary news and editorial ability, as well as Bob's broad knowledge of the operating requirements of The Morning News. By assigning our strongest management team to The Dallas Morning News, and further accelerating its inter-relationship with Belo's other media companies throughout Texas, we can capitalize on one of the great media markets in America."
Moroney will report to Jack Sander, executive vice president/Media Operations of Belo. Sander and Moroney are both members of Belo's six person Management Committee.
Moroney is a 22-year Belo veteran and has served in numerous key management roles.
Most recently he has been president of Belo Interactive, the Company's Internet subsidiary, which he formed in mid-1999.
Prior to Belo Interactive, Moroney was executive vice president of the Company with corporate staff responsibility, and before that, was president of the Television Group. He is a graduate of Stanford University and holds an MBA from the University of Texas at Austin.
Moroney presently serves on the Development Board of the University of Texas at Austin and the Advisory Board of the School of Communication at the University of Texas. He is also a member of the boards of the State Fair of Texas and Cistercian Preparatory School in Dallas.
Jack Sander said, "Jim Moroney's experience in virtually every aspect of Belo's business, especially his leadership at Belo Interactive, is critical to realizing maximum benefit from Belo's presence in the North Texas market. We have a unique opportunity to set standards for selling, marketing and promoting one of the most distinguished newspapers in America. And, achieving powerful, profitable online solutions for the Company's traditional businesses -- particularly in classified advertising -- is one of Belo's highest priorities.
As we accomplish this in North Texas, we can extend our knowledge of online media and convergence to Belo's operating clusters in Texas, the Northwest and Southwest."
Mong joined The Dallas Morning News in 1979 and became the architect of The Morning News' highly successful business news initiatives. He rose through the ranks to become managing editor of The Morning News, and then was promoted to publisher of the Owensboro (KY.) Messenger-Inquirer in 1996.
He returned to Dallas in 1997 as executive vice president of Belo's Publishing Division. In 1998, Mong became president and general manager of The Morning News and has overseen the newspaper's daily operations, reporting to Osborne, and more recently, to Sander.
Mong is a graduate of Haverford College and has held numerous industry roles, including serving as a Pulitzer Prize juror in 1995 and 1996, and was chairman of the Pulitzer photography categories in 1995. He is also on the board of the American Press Institute, and is active in the American Society of Newspaper Editors.
A telephonic press conference with Robert Decherd, Burl Osborne, Jack Sander, Jim Moroney and Bob Mong will be held today at 1:30 p.m. CDT.
Members of the media and investment community are invited to participate by calling 1-800-219-6110. All participants should call in at least five minutes prior to the commencement of the press conference to allow an operator sufficient time to connect callers to the conference.
All others are invited to join the press conference in a listen-only mode by logging on to www.belo.com and clicking on the news releases tab or going directly to www.belo.com/news.html.
An audio replay of the press conference will be available approximately one hour after its conclusion at www.belo.com.
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, Belo's senior vice president at 214-977-6602. Additional information, including earnings releases, is available online at www.belo.com.