June 20, 2002

Belo's monthly Revenue and Statistical Report May 2002

Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of May. Television Group revenue increased 3.5 percent for the month of May with a 4.3 percent increase in spot revenue. In the Newspaper Group, revenue decreased 1.5 percent with a 1.9 percent decrease in advertising revenue.

May Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was up 2.8 percent versus last year. Retail full-run ROP revenue was up 1.5 percent with a 5.7 percent increase in full-run ROP volume. Increases were noted in the entertainment and grocery categories, with a decrease in the computer category. General full-run ROP revenue was down 13.1 percent with an 18.2 percent decrease in full-run ROP volume, primarily due to weakness in the automotive, financial and travel categories. Classified revenue was down 12.3 percent with a 6.5 percent decrease in volume, due to continued weakness in classified employment. Classified employment volumes were down 42 percent in May.

Classified real estate volume was down slightly in May, with classified automotive slightly up in May. Preprints and TMC revenue increased 11.6 percent over last year.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 16.0 percent, while total full-run ROP decreased 3.1 percent. Retail, general and classified volumes, including preprints, decreased 19.6 percent, 2.8 percent and 8.9 percent, respectively.

At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, decreased 2.3 percent, while total full-run ROP was up 0.4 percent. Retail and general volume, including preprints, decreased 6.2 percent and 7.9 percent, respectively, while classified linage increased 4.5 percent.

About Belo
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 approximately 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 Carey Hendrickson, vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.