December 23, 2003

Belo to present at the Smith Barney Citigroup conference

Dallas, TX -- Belo Corp. (NYSE: BLC) will present at the Fourteenth Annual Smith Barney Citigroup Entertainment, Media and Telecommunications Conference in Phoenix on Monday, January 5, 2004, at 9:15 a.m. MST, providing an overview of the Company's business strategies and operations.

To listen to a live Webcast of the presentation, go to www.belo.com/invest and click on the appropriate presentation listed under "Events." The Web site has instructions for listening to the Webcast, which will be available through Real Audio or Windows Media players. Please allow 10 minutes to access the Web site and complete all the links before the presentation begins. Following the presentation, the Webcast and slides will be available on the company Web site.

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 15 markets) reaching 13.8 percent of U.S. television households; owns or operates 10 cable news channels; and manages one television station through a local marketing agreement. Belo's daily newspapers include 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 more than 30 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information contact Carey Hendrickson, Belo's vice president/Investor Relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.