May 7, 2004

Belo to hold its Annual Meeting of Shareholders

Dallas, TX -- Belo Corp. (NYSE: BLC) will hold its Annual Meeting of Shareholders on Tuesday, May 11, 2004, at 10:30 a.m. The meeting will be held in the Pavilion at the Belo Mansion, 2101 Ross Avenue, Dallas, Texas. Management will report on the Company's operations and on voting results for director elections and approval of the Belo 2004 Executive Compensation Plan.

The meeting will be simultaneously Webcast on the Company's Web site (www.belo.com/invest). To listen to the live Webcast, access www.belo.com and select "Investor Relations". Following the conclusion of the Webcast, a replay of the annual meeting will be available on Belo's 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 7,900 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 Scott Baradell vice president of corporate communications, at 214-977-2067. Additional information, including earnings releases, is available online at www.belo.com.