Belo to Build Howard H 'Tim' Hays Media Center for The Press-Enterprise in Riverside, California
January 20 2006 - 1:00PM
PR Newswire (US)
$38 Million State-of-the-Art Office Building Will Feature Advanced
Technologies & Environmental Design RIVERSIDE, Calif., Jan. 20
/PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC) announced plans
today to build a $38 million, state-of-the-art media center in
Riverside, California for The Press-Enterprise, the leading
provider of news and information for Inland Southern California.
The 150,000- square-foot, five-story office building will
centralize all news, editorial, advertising, sales and marketing,
technology, production support and administrative functions for the
organization's operations. In addition to the newspaper and its
associated Web site (http://www.pe.com/ ), the facility will
support The Business Press (http://www.thebizpress.com/ ), the
leading business newspaper in the Inland Empire; La Prensa
(http://www.laprensaenlinea.com/ ), the top Spanish-language weekly
in Riverside and San Bernardino counties; and El D
(http://www.laprensaenlinea.com/eld/ ), a weekly serving the
Coachella Valley's Hispanic community. Robert W. Decherd, Belo's
chairman, president and chief executive officer, said, "Belo
acknowledges The Press-Enterprise's news leadership role in Inland
Southern California and the exciting future ahead for all its
operations by constructing this premier office building. The media
center will incorporate the most advanced technological tools and
an office environment that appropriately reflects the outstanding
work being done by our Press-Enterprise team." Building Name Honors
Howard H "Tim" Hays Decherd also announced that the new facility
will be named the Howard H "Tim" Hays Media Center to honor the
former owner and publisher, who played a seminal role in building
the newspaper into the community's largest news source, a major
force in shaping the region's development and one of the nation's
best newspapers. Hays joined the paper in 1946 as assistant editor,
and became editor in 1949, co-publisher in 1965 and sole publisher
from 1983 to 1988, staying involved in day-to-day operations until
becoming chairman in 1992. He served in that capacity until the
paper was acquired by Belo Corp. in 1997. Decherd said, "Belo is
proud to honor the remarkable leadership of Tim Hays who expanded
upon his father's legacy to make The Press-Enterprise such a
powerful news resource and advocate in addressing critical local
community and national issues." Under Hays' leadership, the paper
won a Pulitzer Prize for meritorious public service among other
awards, and prevailed in two U.S. Supreme Court cases regarding the
public's access to information. His father, Howard H. Hays, Sr.,
initially invested $12,000 in the paper in 1931 and served as
president from 1948 to 1969. Media Center to Support New Era of
Growth Ronald Redfern, publisher and chief executive officer of The
Press- Enterprise, added, "The Press-Enterprise is entering a new
era and this new building signifies the opportunities we're
pursuing to grow hand-in-hand with the vibrant communities we
serve. We want to keep pace with our customers' changing needs by
expanding coverage of critical issues, reaching more audiences with
targeted publications, and offering enhanced Web sites that include
video streaming of local television news and weather. By supporting
dozens of community events and organizations, we help residents
experience the best of what this region offers." The new office
building will be adjacent to the newspaper's current buildings and
production facility, located at 3512 14th Street in Riverside, a
site the newspaper has occupied for more than 50 years. The project
will consolidate employees currently housed in three separate
buildings. The building design includes spacious reception and
common areas, well-organized offices for each functional area,
extensive meeting rooms and the latest wireless and wired
technologies. Energy-efficient construction is being planned to
meet Leadership in Energy & Environmental Design (LEED)
certification standards. Construction for the new media center
begins immediately with occupancy scheduled for the first quarter
of 2007. Project architects are LPA, Inc. of Irvine, California,
one of the largest architectural design firms in the country. The
general contractor is DPR Construction, Inc., of Newport Beach,
California. Since Belo acquired The Press-Enterprise Company in
1997, the Company has invested more than $87 million in capital
improvements inclusive of this building. Plans call for additional
major capital investments in production equipment and facilities in
2007 to 2010. About The Press-Enterprise Company and Belo The
Press-Enterprise Company, a subsidiary of Belo Corp., is the
leading provider of news and information for Inland Southern
California through several newspapers, magazines and their
associated Web sites. They include The Press-Enterprise
(http://www.pe.com/ ), The Business Press
(http://www.thebizpress.com/ ), La Prensa
(http://www.laprensaenlinea.com/ ) and El D
(http://www.laprensaenlinea/eld/ ). Belo 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 the most dynamic markets
in Texas, the Northwest, the Southwest, Rhode Island and the
Mid-Atlantic. 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 Press- Enterprise (Riverside, CA), The Providence Journal
(Providence, RI) and the Denton Record-Chronicle (Denton, TX). The
Company also publishes specialty publications targeting young
adults and the fast-growing Hispanic market, including Quick and Al
Dia in Dallas/Fort Worth and La Prensa and El D in Riverside. Belo
operates more than 30 Web sites associated with its operating
companies. Additional information is available at
http://www.belo.com/ or by contacting Carey Hendrickson, vice
president/Investor Relations & Corporate Communications, at
214-977-6626. First Call Analyst: Carey Hendrickson DATASOURCE:
Belo Corp. CONTACT: Carey Hendrickson, vice president-Investor
Relations & Corporate Communications of Belo Corp.,
+1-214-977-6626 Web site: http://www.belo.com/ http://www.pe.com/
http://www.thebizpress.com/ http://www.laprensaenlinea.com/
http://www.laprensaenlinea.com/eld
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