September 21, 2005
Belo's media operations nationwide help raise $20 million to date for victims of Hurricane Katrina
Dallas, TX Belo Corp. (NYSE: BLC) announced today that fundraising efforts at its media companies throughout the nation have generated $20 million in contributions to date to assist victims of Hurricane Katrina in the Gulf Coast region. Most of these funds will be donated to the American Red Cross; other recipient agencies include The Salvation Army and Catholic Charities.
Robert W. Decherd, Belo's chairman, president and chief executive officer, said, "I am extremely proud of the concerted effort by all of Belo's media companies to rally local community support for people in the Gulf Coast region who have been affected severely by Hurricane Katrina. In New Orleans, Belo's team at WWL-TV is fully committed to helping the city and its people overcome the tremendous challenges they face in resuming their lives and rebuilding one of America's great cities."
Belo's media companies have made a significant fundraising impact through a series of high-profile events and campaigns in their communities, many with other leading organizations and others as stand-alone initiatives. Major efforts that have generated contributions enterprise-wide follow:
Other Belo Relief Efforts
In addition to the general relief efforts for all Hurricane Katrina victims, Belo has also organized efforts to provide relief specifically to Belo employees in the New Orleans area. Almost $500,000 has been raised to date for the WWL-TV Employee Relief Fund, which was established by Belo Corp. and The Belo Foundation to assist WWL-TV and NewsWatch on Channel 15 employees who have been affected by Hurricane Katrina. Belo Corp. committed $200,000 to the fund initially and is also matching dollar-for-dollar the contributions of employees at Belo companies. The general public, board members and business partners have also made donations. Early in the campaign, a tax-free $1,000 contribution was made to every WWL employee to meet his or her immediate hurricane relief needs.
Belo Corp. and members of its Board of Directors have also committed $200,000 to a non-profit organization to support relief efforts in New Orleans and Louisiana in honor of WWL-TV's employees. WWL-TV Serves New Orleans Community with Vital Local News and Information.
In addition to Belo's fundraising support for hurricane relief efforts, WWL-TV is the only New Orleans television station that has remained on air continuously throughout Hurricane Katrina and its aftermath, providing vital local news and information to the New Orleans community, both locally and in other cities where individuals and families have relocated.
WWL provided detailed local updates about evacuation routes as the hurricane approached, and has been the first source for reliable local news about the hurricane's impact on specific neighborhoods within the city. T hrough its television coverage and Web site, www.wwltv.com, WWL has also served as a primary information resource as individuals searched for lost family members and friends, sought out relief agencies and needed answers to questions about safety concerns and returning to their homes.
WWL's 24-hour-per-day, non-stop hurricane coverage continued for nine straight days starting on Saturday, August 27. Because of the hurricane, flooding and looting, WWL originated coverage from four different facilities over the first five days of the disaster: its primary studios on Rampart Street in the French Quarter; the station's transmitter site in Gretna, Louisiana; the Manship School of Journalism studio at Louisiana State University; and Louisiana Public Broadcasting's studios at its WLPB affiliate in Baton Rouge.
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.