February 3, 2003

Scholarship fund established for children of astronauts

Houston, TX --KHOU-TV Channel 11, the Houston Chronicle and Sterling Bank have established "The Spirit of Texas Columbia Scholarship Fund" to provide scholarships for children of astronauts killed in the shuttle tragedy.

"Our community is feeling a great sense of loss," says Peter Diaz, President and General Manager of KHOU-TV. "The Spirit of Texas Columbia Scholarship Fund will give our viewers and the Chronicle's readers an opportunity to reach out to the families of the astronauts in a positive way."

According to Jack Sweeney, President and Publisher of the Houston Chronicle, "We are deeply saddened by the loss of the seven astronauts who were selflessly dedicated to science and humankind. The Houston Chronicle and KHOU-TV Channel 11 established this scholarship fund in an effort to help the community give back to the families, and ensure an opportunity for the astronauts' children to follow their dreams, too."

Donations will go toward college scholarships for children of astronauts of the space shuttle Columbia. Five of the seven astronauts killed in the tragedy had children. An account has been established at Sterling Bank.

Checks can be mailed to "The Spirit of Texas Columbia Scholarship Fund" in care of Sterling Bank, Box 41027 Houston, TX 77241. Donations are also being accepted at Sterling Bank locations.

KHOU-TV is a subsidiary of 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. Additional information, including earnings releases, is available online at www.belo.com.

The Houston Chronicle is owned by the Hearst Corp. It is the largest metropolitan daily newspaper in Texas, the eighth-largest nationally with daily circulation of 552,052 and the ninth-largest paper on Sundays with circulation totals of 744,935, according to the FAS-FAX report from the Audit Bureau of Circuations for the six months ended September 30, 2002.