August 21, 2002

Belo's monthly Revenue and Statistical Report July 2002

Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of July. Television Group revenue increased 10.0 percent for the month of July with an 11.6 percent increase in spot revenue. July of 2002 included one less Sunday than July of 2001. Adjusting for the extra Sunday in July of 2001, the Company estimates that Newspaper Group revenue increased about 1 percent in July 2002. On a reported basis, Newspaper Group revenue decreased 5.5 percent with a 6.1 percent decrease in advertising revenue.

July Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 6.9 percent versus last year. Retail full-run ROP revenue increased slightly with a 3.9 percent increase in full-run ROP volume. Increases were noted in the entertainment, grocery and furniture categories, with decreases in the apparel and department stores categories. General full-run ROP revenue was down 24.3 percent with a 26.4 percent decrease in full-run ROP volume, due to a decrease in the travel category and certain general automotive advertisers switching to classified automotive. Classified revenue was down 16.9 percent with a 15.4 percent decrease in volume with weakness in classified employment. Classified help wanted volume was down approximately 35 percent on a "like days" basis. Preprints and TMC revenue increased 7.4 percent over last year.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 13.3 percent, while total full-run ROP decreased 5.6 percent. Retail, general and classified volumes, including preprints, decreased 12.9 percent, 14.7 percent and 13.9 percent, respectively.
At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, decreased 0.6 percent, while total full-run ROP was up 1.8 percent. Retail volume, including preprints, decreased 5.1 percent. General and classified volumes, including preprints, increased 10.8 percent and 0.9 percent, respectively.

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.