October 23, 2002

Belo's monthly Revenue and Statistical Report September 2002

Dallas, TX --Belo Corp. (NYSE: BLC) issued today its statistical report for the month of September. Television Group revenue increased 35.6 percent for the month of September with a 37 percent increase in spot revenue. The Television Group generated $5.9 million of political revenue in September 2002. The Company estimates the Television Group lost about $9 million in revenue in September of 2001 in the days immediately following the September 11 terrorist attacks. Newspaper Group total revenue was up 2.7 percent with a 3.3 percent increase in advertising revenue.

September Newspaper Linage
At The Dallas Morning News, total full-run advertising linage, including preprints and supplements, was up 2.7 percent versus last year. Retail full-run ROP revenue increased 7.6 percent with a 9.5 percent increase in full-run ROP volume.

Significant increases were noted in the professional services and furniture categories. General full-run ROP revenue was up 6.1 percent with a 7.7 percent increase in full-run ROP volume, with the most significant increase in the telecom category.

Classified revenue was down 6.0 percent with a 9.7 percent decrease in volume. Classified employment volume was down 29.7 percent with a 17.9 percent decrease in revenue. Classified automotive revenue was flat and classified real estate revenue increased approximately 1.0 percent. Preprints and TMC revenue increased 12.8 percent over last year.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, decreased 8.5 percent, while total full-run ROP decreased 4.5 percent. General volume was up 1.5 percent. Retail and classified volumes, including preprints, decreased 8.2 percent and 14.5 percent, respectively.

At The Press-Enterprise, total full-run advertising linage, including preprints and supplements, increased 6.3 percent, while total full-run ROP was up 5.1 percent.

Retail, general and classified volumes, including preprints, increased 8.0 percent, 4.0 percent and 5.0 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.