May 2, 2003

Belo to hold its Annual Meeting of Shareholders

Dallas, TX --Belo Corp. (NYSE: BLC) will hold its Annual Meeting of Shareholders on Tuesday, May 13, 2003 at 10:30 a.m. The meeting will be held in the Dallas Museum of Art Auditorium, 1717 North Harwood Street in Dallas, Texas. Management will report on the Company's operations and director election results.

The meeting will be simultaneously Webcast on the Company's Web site (www.belo.com/invest). To listen to the live Webcast, access www.belo.com and select "Investor Relations". Following the conclusion of the Webcast, a replay of the annual meeting will be available on Belo's Web site.

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 13.7 percent of U.S. television households; owns or operates nine 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 inform-ation, contact Carey Hendrickson, Belo's vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.