September 20, 2002

Belo's monthly Revenue and Statistical Report August 2002

Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of August. Television Group revenue increased 11.5 percent for the month of August with a 13.2 percent increase in spot revenue due to strength in political and in the movies, food products and restaurant categories. Newspaper Group total revenue and advertising revenue were flat.

August Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was down 2.2 percent versus last year. Retail full-run ROP revenue increased 5.3 percent with an 11.2 percent increase in full-run ROP volume. Significant increases were noted in the furniture, professional services and automotive categories. General full-run ROP revenue was down 14.2 percent with a 20.2 percent decrease in full-run ROP volume, with the most significant decreases in the travel and packaged goods categories. Classified revenue was down 6.1 percent with a 7.6 percent decrease in volume. Classified employment volume was down approximately 37 percent with a 23 percent decrease in revenue. Classified automotive and real estate revenues increased approximately 10 percent and 1 percent, respectively. Preprints and TMC revenue increased 9.6 percent over last year.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 10.8 percent, while total full-run ROP decreased 6.1 percent. Retail, general and classified volumes, including preprints, decreased 11.9 percent, 3.3 percent and 9.8 percent, respectively.

At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, increased 5.1 percent, while total full-run ROP was up 3.1 percent. Retail, general and classified volumes, including preprints, increased 0.7 percent, 32.2 percent and 1.4 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.