August 17, 2004

Favero named Vice President/Operations at Press-Enterprise Co.

Riverside, CA -- Steve Favero, Facilities Services Director for The Press-Enterprise Co., has been named to the reinstituted position of Vice President/Operations. Favero assumes responsibility for all company facilities, telecommunications, production operations, transportation, purchasing and SoCal Commercial Printing, the company's commercial printing arm.

He will report to David Cornwall, CEO of The Press-Enterprise Co. and publisher of The Press-Enterprise newspaper.

Favero assumes responsibilities formerly overseen by Ed Lasak, the company's Vice President/Finance and Operations since 1999.

"Ed Lasak has done an outstanding job with his oversight of our Operations divisions," Press-Enterprise CEO David Cornwall said. "Now, our advertising and circulation volumes are at all-time highs and we are on the verge of addressing major capital needs. The demands placed on our Finance department, the necessity of sound controls and the complexity of our business have combined to cause a vital and pressing need for a dedicated department head. Ed Lasak is that executive, and his expert attention to our capital, financial and reporting responsibilities will serve The Press-Enterprise well going forward," Cornwall said.

Favero joined The Press-Enterprise in 2001 after two years as an independent contractor serving aerospace parts manufacturing companies, overseeing startup and construction projects in Brazil, Thailand and the United Kingdom. He was employed earlier by Pilkington Aerospace with offices in Kingsnorton, England and Garden Grove, Calif., overseeing all capital assets of the corporation.

From 1984 to 1995, Favero was in charge of plant engineering and maintenance for Rohr, Inc., followed by oversight of tool manufacturing and the adhesive bonding operation for that company.

About the Press-Enterprise

The Press-Enterprise is part of Belo Corp., 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'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. Additional information, including earnings releases, is available online at For more information contact Joe Frederickson, vice president/marketing and public affairs, The Press-Enterprise Co., at 951-368-9601.