July 22, 2002
Belo concludes affiliation with CareerBuilder
Dallas, TX -- Belo Corp. (NYSE: BLC) announced today that its relationship with CareerBuilder will conclude effective August 1. CareerBuilder has served as Belo Interactive's vendor for online recruitment products since April 2001. Colleen B. Brown, Belo's senior vice president/Business Development, said: "We have enjoyed a successful affiliation with CareerBuilder, and have mutually determined that it is best to conclude the relationship at this time.
"The online recruitment business has experienced significant consolidation and change during the past year. At the same time, the market for online recruitment continues to show tremendous promise - particularly for media companies with powerful, well-established local franchises such as Belo. Leveraging these strong local brands to build market share and achieve profitable growth will remain the focus of Belo Interactive's online recruitment strategy."
Belo Corp. 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 Scott Baradell, Belo's vice president/Corporate Communications, at 214-977-2067.