August 6, 2002

Belo announces Quarterly Dividend

Dallas, TX --Belo Corp. (NYSE: BLC) announced 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 September 6, 2002, to
shareholders of record on August 16, 2002.

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, Belo's vice president/Investor
Relations, at 214-977-6606. Additional
information, including earnings releases, is available online at www.belo.com.