April 18, 2007

Belo's KMOV-TV Wins a Peabody Award

Belo Stations Outpace All Media Companies with Eight Awards Since 2000

DALLAS - Belo Corp. (NYSE: BLC) announced today KMOV-TV, its CBS affiliate in St. Louis, has been awarded a 2006 George Foster Peabody Award. KMOV was one of only four local television stations in the nation to receive this prestigious honor.

KMOV was recognized for its "Left Behind: The Failure of East St. Louis Schools," a series of 21 reports over seven months that found the school system had violated state and federal special-education requirements and uncovered widespread political and nepotistic hiring by the school board. At the direction of Genie Garner, acting news director for KMOV, Reporter Craig Cheatham and Photographer/Editor Gary Womack captured the dramatic series as it unfolded.

"We are extraordinarily proud to be honored with the prestigious Peabody Award," said Allan Cohen, president/General Manager of KMOV. "This is a true reflection on the entire staff and the news product that we are dedicated to bringing to the St. Louis community."

This marks the eighth Peabody Award earned by Belo television stations and executives since 2000: WFAA-TV in Dallas/Fort Worth (2 awards), KHOU-TV in Houston (2 awards), WCNC-TV in Charlotte, WWL-TV in New Orleans and former Belo executive H. Martin "Marty" Haag for lifetime achievement.

Dunia Shive, Belo's president and chief operating officer, said, "We are very proud of KMOV for their leadership performance and ongoing commitment to delivering exceptional journalism to the St. Louis region. The employees at KMOV continue to distinguish themselves in local news coverage and quality local programming."

So far in 2007, KMOV also has received the National Association of Broadcasters Education Foundation's Service to America Partnership Award for outstanding community service and two regional Edward R. Murrow Awards.

The Peabody Awards were established in 1940 and are administered by the University of Georgia's Grady College of Journalism and Mass Communication. The Peabody recognizes distinguished achievement and meritorious public service by stations, networks, producing organizations and individuals. The award will be presented to KMOV on Monday, June 4 at a ceremony in New York City.

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 7,100 employees and $1.6 billion in annual revenues, Belo operates in some of America's most dynamic markets in Texas, the Northwest, the Southwest, the Mid-Atlantic and Rhode Island. Belo owns 20 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.