October 23, 2003

Belo to hold investor conference in New York

Dallas, TX -- Belo Corp. (NYSE: BLC) will hold an Investor Conference at The St. Regis Hotel in New York on Tuesday, October 28, 2003, at 9:00 a.m. EST, providing guidance to the investment community on the Company's business strategies and current operations.

The Investor Conference will be simultaneously Webcast over the Internet. The news media and public are invited to listen in by logging onto www.belo.com/invest and clicking the Investor Conference link. A replay of the Webcast will be posted approximately three hours after the event and will be available on the Web for two weeks.

About Belo
Belo Corp. 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, Belo's vice president of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.