Belo Announces Quarterly Dividend
February 27 2008 - 1:00PM
PR Newswire (US)
DALLAS, Feb. 27 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
announced today that its Board of Directors declared a quarterly
cash dividend for the second quarter of 2008 of $0.075 for each
outstanding share of Series A common stock and Series B common
stock to be paid on June 6, 2008 to shareholders of record on May
16, 2008. About Belo Corp. Belo Corp. is one of the nation's
largest pure-play publicly-traded television companies, with annual
revenue of approximately $775 million. The Company owns and
operates 20 television stations, including ABC, CBS, NBC, FOX, CW
and MyNetwork TV affiliates, reaching more than 14 percent of U.S.
television households, and their associated Web sites, in 15
highly-attractive markets across the United States. Belo stations
consistently deliver distinguished journalism for which they have
received significant industry recognition including nine Alfred I.
duPont-Columbia University Silver Baton Awards; eight George Foster
Peabody Awards; and 19 national Edward R. Murrow Awards -- all
since 2000, and in each case more than any other commercial station
group in the nation. Nearly all Belo stations rank first or second
in their local market. Belo owns stations in seven of the top 25
markets in the nation, with six stations located in the
fast-growing, top-14 markets of Dallas/Fort Worth, Houston,
Seattle/Tacoma and Phoenix. Additionally, the Company has leveraged
its local television assets to create regional cable news channels
in Texas and the Northwest increasing its impact in those regions.
Additional information is available at http://www.belo.com/ or by
contacting Paul Fry, vice president/Investor Relations &
Corporate Communications at 214-977-6835. DATASOURCE: Belo Corp.
CONTACT: Paul Fry, vice president-Investor Relations &
Corporate Communications of Belo Corp., +1-214-977-6835 Web site:
http://www.belo.com/
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