March 14, 2002
Belo completes purchase of KTTU-TV in Tucson, Arizona
Dallas, TX-- Belo (NYSE: BLC) announced today that it has completed the purchase of KTTU TV, the UPN affiliate in Tucson, Arizona. Belo previously operated KTTU under a local marketing agreement with Clear Channel Communications, Inc. and had announced plans to purchase the station in January 2001. The total acquisition cost for KTTU was $18 million in cash.
The addition of KTTU creates a duopoly in Tucson with Belo's FOX affiliate, KMSB-TV, and further strengthens Belo's presence in the Southwest. Belo's other assets in the region include the Phoenix duopoly of KTVK-TV (IND), the market's news leader, and KASW-TV (WB). The Company also operates Ms!
Arizona and Arizona NewsChannel, two cable news channel joint ventures with Cox
Communications. Belo's publications in the Southwest include The Press-Enterprise, the daily newspaper of Riverside County and the Inland Empire region of southern California; The
Business Press, an Inland Empire business weekly; and La Prensa, a Spanish-language weekly also serving the Inland Empire.
Belo is one of the nation's largest media companies with a diversified group of market-leading television, newspaper, cable and interactive media assets. A Fortune 1000 company with 7,800 employees and $1.4 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 19 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 one television station through a local marketing agreement. 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 Scott Baradell, Belo's vice president/Corporate Communications, at 214-977 2067.