January 21, 2005

Belo sets schedule for fourth quarter and year-end earnings release and conference call

Dallas, TX -- Belo Corp. (NYSE: BLC) said today that it will issue a news release regarding its 2004 fourth quarter and year-end earnings on Thursday, February 10, 2005, at approximately 7:30 a.m. Central Standard Time. A conference call to discuss the earnings release and other matters of interest to shareholders and analysts will follow at 9:00 a.m. CST that morning.

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 1-877-209-0397. A replay line will be open from 12:30 p.m. CST on February 10 until 11:30 p.m. CST on February 17. To access the replay, dial 800-475-6701 or 320-365-3844. The access code for the replay is 767809.

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 7,600 employees and $1.4 billion in annual revenues, Belo operates media franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic. Belo owns 19 television stations (six in the top 15 markets); owns or operates seven cable news channels; and manages one television station through a local marketing agreement. Belo's daily newspapers are The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). Belo operates more than 30 Web sites, several interactive alliances and a broad range of Internet-based products. Additional information, including earnings releases and corporate communications, is available online at www.belo.com. For more information contact Carey Hendrickson, vice president/Investor Relations & Corporate Communications, at 214-977-6626.