July 25, 2003

Belo's monthly Revenue and Statistical Report June 2003

Dallas, TX -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of June. Newspaper Group revenue decreased 0.7 percent in June while Television Group revenue decreased 2.8 percent. In June 2002, Belo's Television Group recorded $1.6 million in political revenues.

June Newspaper Linage
At The Dallas Morning News, total revenue decreased 2.5 percent in June. June 2003 included one less Saturday, a significant day for classified automotive revenue, than June 2002. Retail full-run ROP revenue decreased 9.6 percent with significant decreases in the department stores, furniture, grocery and entertainment categories. Retail full-run ROP volume decreased 12.2 percent. General full-run ROP revenue increased 7.2 percent with significant increases in the telecom and packaged goods categories. The travel category decreased significantly.

General full-run ROP volume increased 7.0 percent. Classified revenue was down 5.8 percent with a 10.2 percent decrease in volume. Help wanted volumes were down about 23 percent in June on a comparable basis with a decrease in classified employment revenue of about 22 percent. Classified automotive revenue was down 6.8 percent and real estate revenue was up 1.5 percent.

At The Providence Journal, total full-run advertising linage, including preprints and supplements, increased 12.9 percent, and total full-run ROP linage increased 0.4 percent.

Retail, general and classified volumes, including preprints, were up 15.1 percent, 11.2 percent and 6.7 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 13.7 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 www.belo.com.

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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