January 18, 2006
Belo Announces Executive Changes
Belo announced today the promotion of several key executives and certain changes in reporting relationships, effective February 1, 2006. Robert W. Decherd, Belo's chairman, president and chief executive officer, described the moves as "important steps in the Company's preparedness for an ever-changing media environment."
Promotions and changes in duties include:
Decherd, who is 54, said, "All of these promotions are richly deserved and I have every confidence that these executives will be exemplary in their new roles. Dunia Shive is a dynamic leader with a breadth of operational and institutional knowledge attained through numerous executive roles at Belo, including Chief Financial Officer. Her expertise in interactive media operations, technology and strategy will serve the Company well as we continue to explore alternative distribution methods for the premium local content produced by all of Belo's operating companies.
"Jack Sander will continue to provide insights and counsel as we make this leadership transition and accelerate Belo's enterprise-wide approach to operations and strategy. Dennis Williamson's promotion reflects his outstanding contributions and leadership in areas of critical importance to the Company."
Shive noted, "Skip Cass and Dave Lougee bring a wide range of experiences to their expanded roles. The addition of Peter Diaz to the management team further strengthens our Television Group."
Biographies of the executives being promoted are attached to this press release.
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 and the fast-growing Hispanic market, including Quick and Al Dia in Dallas/Fort Worth, and 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.