Belo Announces Future Retirement of Two Directors From the Company's Board
July 31 2006 - 1:30PM
PR Newswire (US)
DALLAS, July 31 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
announced today that Roger A. Enrico and William T. Solomon will
retire from the Company's Board of Directors in 2007 and 2008,
respectively, after many years of distinguished service. Mr.
Enrico, chairman of the board of DreamWorks Animation SKG and
former chairman and chief executive officer of PepsiCo, Inc., has
served on Belo's Board since 1995. Enrico currently serves as
chairman of the Nominating and Corporate Governance Committee and
as a member of the Board's Executive Committee. His retirement from
Belo's Board is expected to become effective at the Company's
Annual Meeting of Shareholders in May 2007. Mr. Solomon, chairman
of the board of Austin Industries, Inc., intends to retire at the
Company's Annual Meeting of Shareholders in May 2008 when he will
be 65 and will have completed 25 years of service. Mr. Solomon is
currently a member of the Board's Nominating and Corporate
Governance Committee and in past years has chaired the Compensation
and Executive Committees. "Bill's and Roger's service as directors
has been invaluable to Belo for many years," said J. McDonald
Williams, the Board's Lead Director and chairman of its Executive
Committee. "The Company and the Board have benefited greatly from
their contributions and experience. We respect their personal
decisions to retire and look forward to serving with them for the
balance of their tenure." 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 7,700 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 and the fast-growing Hispanic
market, including Quick and Al Dia in Dallas/Fort Worth, and El D
and La Prensa 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. 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/
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