June 16, 2005

Belo's monthly revenue and statistical report May 2005

DALLAS, TX -- Belo Corp. (NYSE: BLC) issued today its statistical report for the month of May. Newspaper Group total revenue and advertising revenue increased 1.5 percent for the month of May versus the prior year. Total revenue decreased 1.1 percent at The Dallas Morning News, increased 4.2 percent at The Providence Journal, and increased 7.5 percent at The Press-Enterprise in Riverside. Television Group revenues decreased 0.6 percent with a 0.8 percent decrease in spot revenue. Spot revenue excluding political revenue increased 1.7 percent in May.

May Newspaper Linage
At The Dallas Morning News, total revenue decreased 1.1 percent in May versus last year, with advertising revenue down 2.5 percent. Retail full-run ROP revenue decreased 2.5 percent with a significant increase in the travel category offset by decreases in the furniture and entertainment categories. Retail full-run ROP linage decreased 2.6 percent. General full-run ROP revenue decreased 6.4 percent with the most significant decreases noted in the travel and financial categories. General full-run ROP volume increased 5.8 percent. Classified revenue decreased 6.6 percent versus the prior year with a 4.5 percent decrease in volume. Classified employment revenue and classified real estate revenue increased 6.5 percent and 5.5 percent, respectively, while classified automotive revenue decreased 25.1 percent.

At The Providence Journal, advertising revenue increased 6.7 percent in May versus May 2004 with a 4.2 percent increase in total revenue. Total full-run ROP linage increased 6.3 percent. Retail and classified volumes increased 4.6 percent and 15.8 percent, respectively, while linage in general, a relatively small category for The Providence Journal, decreased 39.6 percent.

At The Press-Enterprise, advertising revenues were up 10.9 percent for May with total revenue up 7.5 percent. Ad revenues at The Press-Enterprise benefited from another strong month in classified real estate.

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 7,600 employees and $1.5 billion in annual revenues, Belo operates in some of America's most dynamic markets in Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic. Belo owns 19 television stations, six of which are in the 15 largest U.S. broadcast markets. The Company also 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). The Company also publishes specialty publications targeting young adults, affluent populations and the fast-growing Hispanic market, including Quick and al dia in Dallas/Fort Worth, and the d, El D and La Prensa in Riverside. Belo operates more than 30 Web sites associated with its operating companies. Additional information is available at
www.belo.com or by contacting Carey Hendrickson, vice president/Investor Relations & Corporate Communications, at 214-977-6626.

Statements in this communication concerning Belo's business outlook or future economic performance, anticipated profitability, revenues, expenses, capital expenditures, investments, future financings or other financial and non-financial items that are not historical facts, are "forward-looking statements" as the term is defined under applicable federal securities laws. Forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those statements.
Such risks, uncertainties and factors include, but are not limited to, changes in capital market conditions and prospects, and other factors such as changes in advertising demand, interest rates and newsprint prices; newspaper circulation matters, including changes in readership, and audits and related actions (including the censure of The Dallas Morning News) by the Audit Bureau of Circulations; technological changes, including the transition to digital television and the development of new systems to distribute television and other audio-visual content; development of Internet commerce; industry cycles; changes in pricing or other actions by competitors and suppliers; regulatory changes; adoption of new accounting standards or changes in existing accounting standards by the Financial Accounting Standards Board or other accounting standard-setting bodies or authorities; the effects of Company acquisitions and dispositions; general economic conditions; and significant armed conflict, as well as other risks detailed in Belo's other public disclosures, and filings with the Securities and Exchange Commission ("SEC"), including the Annual Report on Form 10-K.

Monthly Revenue and Statistics