September 17, 2001
Belo supports American Red Cross Relief Fund to benefit victims of terrorist attacks
Dallas, TX -- Belo(NYSE: BLC) announced today that its media subsidiaries throughout the country have teamed up with the American Red Cross and various partners in their respective local markets to organize disaster relief funds that benefit victims and families affected by the recent attacks on America.
As part of the Company-wide initiative, Belo will match contributions made by its employees and retirees to the American Red Cross disaster relief fund on a dollar for dollar basis. Belo, together with its companion philanthropic foundation, The Belo Foundation, will separately make a contribution totaling $250,000 to the American Red Cross to support relief efforts.
In making the announcement, Robert W. Decherd, Belo's chairman, president and chief executive officer, said, "We're reaching out individually and corporately. The personal generosity of Belo employees has been inspiring, and we will proudly match every employee and retiree contribution to this fund on a dollar for dollar basis."
Anyone wishing to donate to this effort should contact the Belo media franchise or the American Red Cross chapter in their local markets to make a contribution. Checks should be made payable to the American Red Cross Disaster Relief Fund. All donations will be directed to the American Red Cross and will be distributed to aid those directly affected by the tragedies of last week.
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 8,000 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, the Southwest, Rhode Island, and the Mid-Atlantic region. Belo owns 17 television stations (six in the top 16 markets), reaching 14 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 34 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.