November 30, 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 March 1, 2002, to shareholders of record on February 8, 2002.
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 18 television stations (six in the top 16 markets) reaching 13.9 percent of U. S. television households; owns or operates six cable news channels; and manages two 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.