June 22, 2007
Wesley A. Jackson to Step Down as Leader of Belo Interactive Media
DALLAS Belo Corp. (NYSE: BLC) announced today that Wesley A. "Wes" Jackson, president/General Manager of Belo Interactive Media, plans to step down from his role effective September 1, 2007. Jackson's decision stems from a desire to relocate closer to family in his hometown of Louisville, Kentucky. Jackson, who was elevated to his current position in March 2007, will continue to assist the Company in an advisory role.
Jackson joined Belo Interactive in June 2000 as vice president/Advertising Sales. He served as vice president/General Manager of Belo Interactive Media from January 2005 until he was elevated to senior vice president/General Manager of Belo Interactive Media in January 2006. Jackson was most recently promoted to president/General Manager of Belo Interactive Media and named a senior vice president of Belo Corp.
"Belo is actively positioning its assets to embrace digital opportunities and I am honored to have participated in those efforts. The recently announced second phase of the Yahoo! partnership is another indicator of the long-term foundation for success Belo is pursuing," said Jackson. "I am pleased to stay engaged in facilitating digital growth at Belo and also look forward to building new business opportunities from my hometown in Louisville."
Donald F. "Skip" Cass, Belo's executive vice president to whom Jackson reports, said, "Wes Jackson is an incredible talent whose contributions over the past seven years will have a lasting impact on Belo's online business. We're disappointed that he will no longer be with Belo in a full-time capacity, but are pleased he will continue to serve in an advisory role."
Jackson was instrumental in bringing Belo into Classified Ventures, LLC, which has developed various online classified products including Cars.com, and championing new products, such as a permission e-mail program. In addition, Jackson played a leading role on behalf of Belo and other Newspaper Consortium members in the recently announced agreement with Yahoo!. Jackson will continue to represent Belo in all Consortium-related negotiations with Yahoo! following his departure from day-to-day activities with Belo in September.
Belo Interactive Media focuses on interactive strategies that extend its core franchises to new media and audiences. Belo operates more than 30 Web sites, interactive alliances and partnerships, and a broad range of Internet-based products and services. In the first quarter of 2007, Belo's network of news and information Web sites averaged more than 7 million unique visitors and more than 145 million page views each month.
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 D a 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.