May 10, 2011
Television Company Belo Corp. (BLC) Holds Annual Meeting of Shareholders
Dallas, TX - Belo Corp. (NYSE: BLC), one of the nation's largest pure-play, publicly-traded television companies, held its Annual Meeting of Shareholders this morning where three Class I directors were re-elected: Anne M. Szostak, director since October 2004, Dunia A. Shive, director since February 2008 and Robert W. Decherd, director since March 1976. These Class I directors are eligible to serve a three-year term until the 2014 annual meeting.
Shareholders ratified the appointment of Ernst & Young LLP as Belo's independent registered public accounting firm. In addition, the majority of the voting power represented at the meeting approved the advisory resolution on executive compensation (say-on-pay) and a majority of the voting power represented at the meeting voted, on an advisory basis, to have future say-on-pay votes every three years.
A replay of the Webcast of the Annual Meeting of Shareholders can be found at the Company's Web site at www.belo.com.
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, and the CW, 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 214-977-4465.