Belo Holds Annual Meeting of Shareholders
May 13 2008 - 2:00PM
PR Newswire (US)
Re-Elects Three Members to its Board of Directors DALLAS, May 13
/PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC) held its Annual
Meeting of Shareholders this morning where it re-elected three
Class I directors including: Robert W. Decherd, director since
March 1976; Dunia A. Shive, director since February 2008; and M.
Anne Szostak, director since October 2004. These Class I directors
are eligible to serve a three-year term until the 2011 annual
meeting. William T. Solomon, a Class I director, retired from the
Board of Directors at today's meeting after serving 25 years. In
his remarks at the meeting, Robert W. Decherd, Belo's Chairman,
said, "No director has had a greater impact on our Company over the
past quarter century, and Bill has set the standard for integrity,
discipline and business acumen. On behalf of the entire Board and
management team, I express our deep appreciation to Bill Solomon
for his outstanding leadership." In addition, shareholders ratified
the appointment of Ernst & Young LLP as Belo's independent
registered public accounting firm, and voted against a proposal
relating to the repeal of the Company's classified board. Belo also
announced today that Jerry F. Cadigan, production operations
manager for WFAA-TV in Dallas/Fort Worth, received the 15th annual
William H. Seay Award at the Company's Annual Meeting. The award is
named in honor of the late William H. Seay, who served on Belo's
Board of Directors for 22 years before his retirement in 1995. The
award is given annually to an employee whose standards and values
reflect Seay's integrity, loyalty, journalistic standards and
community commitment, the same principles that have guided Belo for
more than 165 years. In presenting the award, Dunia A. Shive,
Belo's president and Chief Executive Officer, said, "No one is more
requested to be on a team than Jerry. His personal integrity has
been a measuring stick for others at WFAA to follow, and he has
continually set the bar for the many young professionals he's
mentored over the years." Cadigan grew up in Dallas and was an
intern at WFAA while a student at SMU. He started on the floor crew
almost 35 years ago and WFAA is the only place he has ever worked.
Michael Devlin, president and General Manager of WFAA, said, "To
the department heads at WFAA, he's their problem solver -- the guy
that simply makes everything happen -- always with a can-do
approach and a positive attitude." Cadigan and his wife Caton have
one daughter and one son, Kathleen and Trevor. 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 pure-play publicly-traded
television companies, with annual revenue of approximately $775
million. The Company owns and operates 20 television stations
reaching more than 14 percent of U.S. television households,
including ABC, CBS, NBC, FOX, CW and MyNetwork TV affiliates, 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; nine 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 created 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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