Belo Announces Quarterly Dividend
September 26 2008 - 1:00PM
PR Newswire (US)
DALLAS, Sept. 26 /PRNewswire-FirstCall/ -- Belo Corp. (NYSE:BLC)
announced today that its Board of Directors declared a quarterly
cash dividend for the fourth quarter of 2008 of $0.075 for each
outstanding share of Series A common stock and Series B common
stock to be paid on December 5, 2008 to shareholders of record on
November 14, 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 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 23 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 of Investor Relations & Corporate Communications of
Belo Corp., +1-214-977-6835 Web site: http://www.belo.com/
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