Belo to Announce The Dallas Morning News' Advertiser Compensation Plan Live Conference Call

Belo Corp. (NYSE: BLC) will issue a news release announcing the advertiser compensation plan devised by Company management following the discovery of a circulation overstatement at The Dallas Morning News, on Monday, August 16, 2004, at approximately 7:30 a.m. Central Daylight Time.

A live conference call to discuss this matter will follow at 9:00 a.m. CDT.
  
The live conference call will be simultaneously Webcast on the Company's Web site. Following the conclusion of the live Webcast, a replay of the conference call will be archived on Belo's Web site.

To access the listen-only conference lines, dial 1-877-260-8898. A replay line will be open from 12:30 p.m. CDT on August 16 until 11:59 p.m. CDT on August 23. To access the replay, dial 800-475-6701 or 320-365-3844. The access code for the replay is 742307.