Belo Re-elects Four Board Members at Its 2007 Annual Meeting of Shareholders
May 08 2007 - 7:35PM
PR Newswire (US)
DALLAS, May 8 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
announced the re-election of four members of its Board of Directors
at its Annual Meeting of Shareholders held earlier today. The
directors are: Louis E. Caldera, a director since July 2001 and
currently a tenured member of the University of New Mexico Law
School faculty; Judith L. Craven, M.D., M.P.H., a director since
December 1992 and a member of the board of regents of The
University of Texas System; Dealey D. Herndon, a director since May
1986 and Executive Project Manager for HS&A, a project and
construction management firm; and Wayne R. Sanders, a director
since May 2003 and former chairman and chief executive officer of
Kimberly-Clark Corporation. These Class III directors are eligible
to serve a three-year term until the 2010 annual meeting. Roger A.
Enrico, a Class II director, retired from the board at today's
annual meeting after serving 12 years on the board of directors. As
a result, the size of the board will decrease from 13 to 12. At
today's meeting, shareholders also ratified the appointment of
Ernst & Young LLP as Belo's independent registered public
accounting firm. In addition, a majority of the votes cast at the
meeting voted against a proposal relating to repeal of the
classified board. In his remarks at the meeting, Robert W. Decherd,
Belo's chairman and Chief Executive Officer, reviewed Belo's 2006
financial performance and commented on the significant progress
made on important strategic initiatives in 2006. Decherd also
highlighted the outstanding achievements of Belo journalists,
including the investigative team of KMOV-TV in St. Louis, winner of
the George Foster Peabody Award, along with the entire KMOV team
for its charitable efforts on behalf of Variety, the Children's
Charity of St. Louis. The team's efforts won the television station
the coveted National Association of Broadcasters Education
Foundation (NABEF) 2007 Service to America Partnership Award, the
highest public service honor given in the broadcast television
industry. A replay of the Webcast of the Annual Meeting of
Shareholders can be found at the Company's Web site at
http://www.belo.com/invest . 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 7,100 employees and $1.6
billion in annual revenues, Belo operates in some of America's most
dynamic markets in Texas, the Northwest, the Southwest, the
Mid-Atlantic and Rhode Island. Belo owns 20 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/ http://www.belo.com/invest
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