May 19, 2004

Belo's monthly revenue and statistical report April 2004

Dallas, TX-- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of April. Newspaper Group revenues increased 7.3 percent for the month of April with a 7.9 percent increase in advertising revenue. Including online revenue, Newspaper Group total revenue would have increased approximately 7.9 percent, with an increase of 7.0 percent at The Dallas Morning News, 3.1 percent at The Providence Journal, and 16.9 percent at The Press-Enterprise in Riverside. Classified employment revenue for the Newspaper Group was up 20.3 percent including online employment revenue. Television Group revenues increased 6.2 percent with a 7.4 percent increase in spot revenue. Local and national revenues increased 2.7 percent and 4.0 percent, respectively. Political revenues were $2.9 million in April 2004 compared with $627,000 in April 2003.

April Newspaper Linage
At The Dallas Morning News, total revenue increased 6.4 percent in April with a 6.2 percent increase in advertising revenues. Retail full-run ROP revenue increased 13.5 percent with the most significant increases in the entertainment and educational categories. Retail full-run ROP linage increased 5.4 percent. General full-run ROP revenue increased 17.9 percent with significant increases in the financial and telecom categories. General full-run ROP volume increased 17.0 percent. Classified revenue increased 1.7 percent versus last year with a 4.1 percent decrease in volume. Help wanted revenues increased 15.1 percent in April with decreases in classified automotive and real estate of 4.2 percent and 3.5 percent, respectively. Including online employment revenues, April help wanted revenues increased 17.4 percent. Preprints volume decreased 4.5 percent versus last year.

At The Providence Journal, total revenue increased 2.6 percent in April with a 3.5 percent increase in advertising revenue. Total full-run ROP linage decreased 2.4 percent. Retail volume decreased 7.7 percent while general and classified volumes increased 23.8 percent and 3.4 percent, respectively. Preprints volume decreased 7.6 percent versus last year.

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 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.

Belo Monthly Revenue and Statistics.