June 26, 2001

Belo's monthly Revenue and Statistical Report May 2001

Dallas, TX -- Belo (NYSE: BLC) issued today its statistical report for the month of May. Broadcast Division revenues decreased 10.2 percent for the month of May on a pro forma basis.

Local revenues were down 6 percent while national revenues were down 17 percent. Publishing Division total revenues were down 9.2 percent in May on a pro forma basis, with a 10 percent decrease in advertising revenue.

May Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 5.7 percent over last year. Retail was up 4.0 percent. Despite strength in the automotive and telecom categories, general volume was down 12.1 percent due to the loss of .com advertising and weakness in the financial category.

Classified volumes were down 14.8 percent with a decrease in classified employment volumes of 48 percent.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 15.7 percent, while total full-run ROP was down 14.9 percent. Retail, general and classified volumes decreased 15.9 percent, 16.7 percent and 14.4 percent, respectively.

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: The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA.) and the Denton Record-Chronicle (Denton, TX.). 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 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.

Statements in this report concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, or other financial or operating items and other statements that are not historical facts, are "forward-looking statements" as the term is defined under applicable Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements.

Such risks, uncertainties and factors include, but are not limited to, changes in advertising demand, interest rates and newsprint prices; technological changes; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; regulatory changes; the effects of Company acquisitions and dispositions; and general economic conditions, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Annual Report or Form 10