June 30, 2004
David L. Cornwall, publisher and chief executive officer, retires from The Press-Enterprise
Riverside, CA -- Belo Corp. (NYSE:BLC) announced the retirement of David L. Cornwall, publisher and chief executive officer of The Press-Enterprise, effective December 31, 2004.
Cornwall, 57, joined The Press-Enterprise in 1959 as a newspaper carrier. He rose through the ranks of the organization during his 45-year tenure before assuming his current role in October 2002.
"Under Dave's leadership, The Press-Enterprise emerged as one of the newspaper industry's biggest success stories," said Donald F. "Skip" Cass, Belo's senior vice president and Southwest group head. "The Press-Enterprise is one of the fastest-growing newspapers in the country and is thriving in the highly competitive Southern California media market. This is a tribute to the innovation, resourcefulness and hard work of Dave, his management team, and all Press-Enterprise employees."
"I'm privileged to have had a 45-year career with a newspaper I truly love," Cornwall said. "We are enjoying a record year in circulation, readership is at an all-time high, and our financial performance has never been better. I owe these successes to an incredible number of good, talented and dedicated employees. I thank them all for their support and contributions to the growth and success of our newspaper."
Cornwall began his Press-Enterprise career at age 12 as a newspaper carrier. By the time he began attending college part-time in 1964, he had been promoted to a management position within the circulation department. He graduated from California State University at Fullerton in 1972 with a bachelor's degree in operations management.
Cornwall advanced steadily in the newspaper's advertising department before being named advertising director in 1990 and, later, vice president of advertising.
Cornwall was named senior vice president and general manager of The Press-Enterprise in 1999. He was named publisher and CEO of the newspaper in October 2002.
While in this role, Cornwall oversaw the 2003 launch of the d, a free daily serving Palm Springs and the Coachella Valley, and of El D, a Spanish-language publication for the same service area. The Press-Enterprise now provides more than a dozen targeted publications to Southern California readers, including a weekly business journal, a Spanish-language weekly, five community weeklies and four advertising-based publications.
In addition to other organizations, Cornwall is a member of the Board of Directors of the California Newspaper Publishers Association, the Board of Directors of The Community Foundation, and the Board of Directors of the National Orange Show. He is a past member of the Riverside Downtown Association Executive Committee and the Board of Directors for the California Newspaper Advertising Executives Association.
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 publishes daily newspapers including 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/Corporate Communications, at 214-977-2067. Additional information, including earnings releases, is available online at www.belo.com.