June 17, 2008

Belo's WFAA-TV Presented George Foster Peabody Award

DALLAS -- Belo Corp. (NYSE: BLC) announced today that WFAA-TV, the Company's ABC television station in Dallas/Fort Worth, was presented last evening with a prestigious 2007 George Foster Peabody Award at the 67th annual ceremony held at the Waldorf-Astoria in New York City. The award was given to the News 8 Investigates team for four separate stories produced in 2007: "Money for Nothing," "Kinder Prison," "Television Justice" and "The Buried and the Dead." The Henry Grady School of Journalism at the University of Georgia presents the George Foster Peabody Awards each year, which are the oldest awards in broadcasting and are considered among the most prestigious and selective prizes in electronic media.

"Typically, news organizations are honored with Peabody Awards for single stories. The fact that this award represents a body of work produced by the WFAA News 8 Investigates team makes the recognition particularly outstanding," said Dunia Shive, Belo's president and Chief Executive Officer. "Investigative journalism continues to be an important part of the service we provide to the local communities in which Belo operates. We are honored to be recognized again with such an important award."

This Peabody marks the sixth time WFAA has been recognized with such an award, and the third time in the past five years. This year's winners, who are all multiple Peabody honorees, include executive news director Michael Valentine, reporters Brett Shipp and Byron Harris, producer Mark Smith and photographer-editor Kraig Kirchem.

About Belo
Belo Corp. is one of the nation's largest pure-play publicly-traded television companies, with annual revenue of approximately $775 million. The Company owns and operates 20 television stations reaching more than 14 percent of U.S. television households, including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, and their associated Web sites, in 15 highly-attractive markets across the United States. Belo stations consistently deliver distinguished journalism for which they have received significant industry recognition including nine Alfred I. duPont-Columbia University Silver Baton Awards; nine George Foster Peabody Awards; and 19 national Edward R. Murrow Awards all since 2000, and in each case more than any other commercial station group in the nation. Nearly all Belo stations rank first or second in their local market. Belo owns stations in seven of the top 25 markets in the nation, with six stations located in the fast-growing, top-14 markets of Dallas/Fort Worth, Houston, Seattle/Tacoma and Phoenix. Additionally, the Company has created regional cable news channels in Texas and the Northwest increasing its impact in those regions. Additional information is available at www.belo.com or by contacting Paul Fry, vice president/Investor Relations & Corporate Communications, at 214-977-6835.