November 13, 2003
Belo announces senior executive promotions
Dallas, TX -- Belo Corp. (NYSE: BLC) announced today the promotions of three key executives who are members of the Company's Management Committee. The promotions are effective January 1, 2004.
Jack Sander, 61, currently executive vice president/Media Operations, will become president/Media Operations, with continuing oversight of all Belo operating companies and its Capital Bureau in Washington D.C.. Belo Interactive, Inc., the Company's Internet subsidiary, will report directly to Sander in the new organization. Sander will relinquish the title of president/Television Group as of January 1, and that title will not be reassigned. He will continue to report to Robert W. Decherd, Belo's chairman, president and Chief Executive Officer.
Dunia A. Shive, 42, currently executive vice president/Chief Financial Officer, will become executive vice president/Media Operations with responsibility for the Company's Texas television and cable news operations, and its Southwest Cluster which includes Belo's Arizona assets and The Press-Enterprise in Riverside, CA. Donald A. (Skip) Cass, Jr., 38, who is responsible for the Southwest Cluster, will report to Shive. Shive will continue to oversee the Company's business development activities, maintain an active role in Belo's investor relations, and be responsible for assessing and recommending Belo's major capital investment projects across all business units. She will report to Sander.
Dennis A. Williamson, 56, currently senior corporate vice president, becomes Belo's Chief Financial Officer in addition to his current title and duties. Williamson will oversee all of Belo's finance and accounting functions, as well as the Company's enterprise-wide technology programs, corporate communications, and corporate operations including purchasing and procurement. Williamson became senior corporate vice president on January 1, 2003, at which time he took responsibility for technology initiatives Company-wide in addition to other duties. He will report to Decherd.
Decherd said, "These promotions reflect the outstanding results Jack Sander, Dunia Shive and Dennis Williamson have produced for Belo, and add management strength to support opportunities available to Belo at the operating and corporate levels. Dunia, Skip and Dennis will each play prominent roles in the evolution of Belo's management structure over the next decade. These new responsibilities will broaden Dunia's and Dennis' experience in important ways."
Sander, a 31-year veteran of the media business, joined Belo in 1997 as executive vice president of the Television Group. He was promoted to president of the Television Group in 1999, and became executive vice president/Media Operations on January 1, 2001. Prior to joining Belo, Sander was president and general manager of Atlanta's WAGA-TV and held group responsibilities with the Television Division of Taft Broadcasting.
Shive became an executive vice president of the Company on December 1, 2000, having served as Chief Financial Officer since June 1998. She joined Belo in 1993 as the Company's controller, advancing through the finance organization to become CFO. Prior to joining Belo, she was assistant controller at Tyler Corporation and an audit manager for Ernst & Young.
Williamson joined Belo as a result of the Company's acquisition of The Providence Journal Company in 1997. He began his career as a business manager and controller for Sierra Cascade Communications. He joined KING Broadcasting in 1983, and advanced to general manager at each of KING's three largest television stations in the Northwest which are now a part of Belo. Williamson has also overseen Belo's Texas television station and cable news operations, the Television Group's syndicated programming negotiations, and a wide range of other corporate duties.
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 Scott Baradell, Belo's vice president/Corporate Communications, at 214-977-2067. Additional information, including earnings releases, is available online at www.belo.com.