September 28, 2004

Belo to report on completed circulation investigation and operating strategy review

Dallas, TX -- Belo Corp. (NYSE: BLC) said today that it will issue two news releases on Wednesday, September 29, 2004, at approximately 7:30 a.m. Central Daylight Time. The first release will discuss the completion of the investigation, supervised by the Audit Committee of Belo's Board of Directors, of circulation matters at The Dallas Morning News. The second release will provide an update on the Company's operating strategy. A conference call with the investment community to discuss both matters 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 1-877-777-1967. A replay line will be open from 4:00 p.m. CDT on September 29 until 11:59 p.m. CDT on October 6. To access the replay, dial 800-475-6701 or 320-365-3844. The access code for the replay is 748057.

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'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 www.belo.com.

For more information, contact Carey Hendrickson, Belo's vice president of investor relations, at 214-977-6626.