December 5, 2008

Television Company, Belo Corp. (BLC), Announces Quarterly Dividend

DALLAS Belo Corp. (NYSE: BLC), one of the nation's largest pure-play, publicly-traded television companies, announced today that its Board of Directors declared a quarterly cash dividend for the first quarter of 2009 of $0.075 for each outstanding share of Series A common stock and Series B common stock to be paid on March 6, 2009 to shareholders of record on February 13, 2009.

About Belo Corp.
Belo Corp. (BLC) is one of the nation's largest pure-play, publicly-traded television companies, with 2007 annual revenue of $777 million. The Company owns and operates 20 television stations (nine in the top 25 markets) and their associated Web sites. Belo stations, which include affiliations with ABC, CBS, NBC, FOX, CW and MyNetwork TV, reach more than 14 percent of U.S. television households in 15 highly-attractive markets. Nearly all Belo stations rank first or second in their local market. Additional information is available at www.belo.com or by contacting Paul Fry, vice president/Investor Relations & Corporate Communications, at 214-977-6835.