April 1, 2010

Belo Corp. Television Station KHOU-TV Wins 2009 Peabody

Dallas, TX - Belo Corp. (NYSE: BLC), one of the nations largest pure-play, publicly-traded television companies, announced today that KHOU-TV, its CBS affiliate in Houston, has been selected as a 2009 George Foster Peabody Award winner. The winners of the 69th annual awards were announced Wednesday morning by Webcast at the University of Georgia, where the awards program is based.

KHOU's winning piece, Under Fire: Discrimination and Corruption in the Texas National Guard, was the culmination of a two-year investigation that exposed widespread discrimination and fraud in the Texas National Guard. The series has been honored with multiple awards since it aired in 2009 including: a prestigious duPont-Columbia Award; the IRE Medal, a national award given by Investigative Reporters and Editors, Inc.; and a National Headliner Award. The series was also a finalist for the 2010 Goldsmith Prize for investigative reporting from the Shorenstein Center at Harvard's Kennedy School of Government, and was a finalist for the Jack R. Howard Award from The Scripps Howard Foundation.

KHOU recipients of the 2009 Peabody Award are investigative reporter Mark Greenblatt, executive producer David Raziq and photojournalist Keith Tomshe.

This marks the third time KHOU has been honored with a Peabody Award and brings to 11 the total number of Peabody Awards earned by Belo stations since 2000, more than any other commercial station group.

The Peabody Awards, established in 1940, 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 awards will be presented on May 17 at a ceremony in New York.

About Belo Corp.
Belo Corp. (BLC), one of the nation's largest pure-play, publicly-traded television companies, 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. Belo stations rank first or second in nearly all of their local markets. Additional information is available at www.belo.com or by contacting Paul Fry, vice president/Investor Relations & Treasury Operations, at 214-977-6835.