Shareholder Derivative Lawsuit Filed Against Belo Directors and Management

13 June 2005

Belo Corp. (NYSE: BLC) said today that a shareholder derivative lawsuit has been filed against the Company's current directors, two former directors, certain members of Belo senior management and a former officer of The Dallas Morning News. The lawsuit, which has been commenced in a State District Court in Dallas, makes various claims asserting mismanagement and breaches of fiduciary duty related to the circulation overstatement at The Dallas Morning News. The subject matter in the derivative lawsuit appears to be substantially the same as that
in a shareholder class action lawsuit originally filed in U.S. District Court in Dallas on August 23, 2004, which has been a subject of several Company press releases. The plaintiff purports to be an individual Belo shareholder.
The lawsuit is being reviewed and the defendants will respond appropriately in due course.

About Belo

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 7,600 employees and $1.5 billion in annual revenues, Belo operates in some of America's most dynamic markets in Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic. Belo owns 19 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, affluent populations and the fast-growing Hispanic market, including Quick and al dia in Dallas/Fort Worth, and the d, 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.

Source: PR Newswire

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