August 13, 2004

Belo to announce The Dallas Morning News' advertiser compensation plan

Dallas, TX -- Belo Corp. (NYSE: BLC) said today that it will issue a news release announcing the advertiser compensation plan devised by Company management following the discovery of a circulation overstatement at The Dallas Morning News, on Monday, August 16, 2004, at approximately 7:30 a.m. Central Daylight Time. A conference call to discuss this matter will follow at 9:00 a.m. CDT.

The conference call will be simultaneously Webcast on the Company's Web site (www.belo.com/invest). Following the conclusion of the Webcast, a replay of the conference call will be archived on Belo's Web site.

To access the listen-only conference lines, dial 1-877-260-8898. A replay line will be open from 12:30 p.m. CDT on August 16 until 11:59 p.m. CDT on August 23. To access the replay, dial 800-475-6701 or 320-365-3844. The access code for the replay is 742307.

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 seven 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 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 of investor relations, at 214-977-6606. Additional information, including earnings releases, is available online at www.belo.com.