May 20, 2003

Belo's monthly Revenue and Statistical Report April 2003

Dallas, TX -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of April. Television Group revenue increased 5.6 percent for the month of April while Newspaper Group revenue increased 0.5 percent.

The Company's television stations benefited from the movement into April of advertising spots cancelled in March due to the war and related economic uncertainty.

For the second quarter overall, television pacings are currently slightly ahead of last year.

Political revenues in the second quarter of 2003 are expected to be approximately $4 million less than the $5.1 million recorded in the second quarter of 2002.

April Newspaper Linage
At The Dallas Morning News, total revenue decreased 1.2 percent in April. Retail full-run ROP revenue was up slightly with a 1.3 percent decrease in retail full-run ROP volume. Department store revenue was down 10.4 percent, while all other retail was up 2.6 percent with strength in the entertainment, professional services and grocery categories.

General full-run ROP revenue decreased 4.8 percent with a significant decrease in the travel category partially offset by increases in the packaged goods and technology categories.

General full-run ROP volume decreased 2.8 percent. Classified revenue was down 12.0 percent with a 9.4 percent decrease in volume. Help wanted volumes were down about 30 percent in April on a comparable basis with a decrease in classified employment revenue of 33.3 percent.

Classified automotive and real estate revenues, down 4.0 percent and 1.4 percent, respectively, were impacted by the switch of Easter from March in 2002 to April in 2003.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 13.2 percent, and total full-run ROP increased 6.8 percent. Retail and classified volumes, including preprints, were up 18.5 percent and 2.3 percent, respectively. General volume was down 1.1 percent.

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 information, contact Carey Hendrickson, vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at

Statements in this communication concerning the Company's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, commitments, or other financial or operating items and other statements that are not historical facts, are "forward-looking statements" as the term is defined under applicable Federal Securities Laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements.

Such risks, uncertainties and factors include, but are not limited to, changes in advertising demand, interest rates and newsprint prices; technological changes; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; regulatory changes; the effects of Company acquisitions and dispositions; general economic conditions; and significant armed conflict, as well as other risks detailed in the Company's filings with the Securities and Exchange Commission ("SEC"), including the Annual Report on Form 10-K.

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