March 2, 2005
Belo chairman announces personal trading plan termination
Dallas, TX -- Belo Corp. (NYSE: BLC) announced today that Robert W. Decherd, Belo's chairman, president, and Chief Executive Officer, has terminated the personal trading plan he adopted in November 2001 pursuant to Securities and Exchange Commission Rule 10b5-1. Under the personal trading plan, Mr. Decherd had been able to sell, subject to a series of limit orders to be executed by a broker, up to 40,000 shares of Series A Common Stock three times a year for a period of five years. Mr. Decherd sold a total of 400,000 shares of Series A Common Stock under the plan.
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 $1.5 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.