FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

DECHERD ROBERT W 		2. Issuer Name and Ticker or Trading Symbol

BELO CORP [ BLC ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

BELO CORP., P.O. BOX 655237 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/7/2010
(Street)

DALLAS, TX 75265-5237
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Series A Common Stock   12/7/2010     S    66867   D $6.4599   (1) (2) (3) 43407   D    
Series A Common Stock   12/8/2010     S    43407   D $6.4743   (4) (5) (6) 0   D    
Series A Common Stock                  1200   I   By Spouse   (7)
Series A Common Stock                  5468   I   By 401K Account   (8)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  Represents the average sale price per share. Shares sold in open market as follows: 400 shares @ $6.41 per share; 100 shares @ $6.4101 per share; 100 shares @ $6.4103 per share; 200 shares @ $6.4112 per share; 100 shares @ $6.415 per share; 1,500 shares @ $6.42 per share; 168 shares @ $6.4203 per share; 300 shares @ $6.4211 per share; 100 shares @ $6.425 per share; 2,832 shares @ $6.43 per share; 400 shares @ $6.4301 per share; 400 shares @ $6.4302 per share; 1,400 shares @ $6.4303 per share; 300 shares @ $6.4304 per share; 200 shares @ $6.4305 per share; 100 shares @ $6.4309 per share; 100 shares @ $6.431 per share; 400 shares @ $6.4311 per share; 300 shares @ $6.435 per share; 19,897 shares @ $6.44 per share; 500 shares @ $6.4401 per share; 300 shares @ $6.4403 per share; 200 shares @ $6.4404 per share; 300 shares @ $6.4405 per share; 3 shares @ $6.445 per share; 10,455 shares @ $6.45 per share;
( 2)  Continuation of Footnote 1: 500 shares @ $6.4501 per share; 700 shares @ $6.4502 per share; 100 shares @ $6.4503 per share; 300 shares @ $6.4504 per share; 100 shares @ $6.4506 per share; 200 shares @ $6.4511 per share; 200 shares @ $6.4516 per share; 100 shares @ $6.455 per share; 2,119 shares @ $6.46 per share; 200 shares @ $6.4602 per share; 1,700 shares @ $6.47 per share; 500 shares @ $6.4701 per share; 300 shares @ $6.475 per share; 1,200 shares @ $6.48 per share; 100 shares @ $6.4814 per share; 100 shares @ $6.4818 per share; 100 shares @ $6.485 per share; 400 shares @ $6.49 per share; 200 shares @ $6.4913 per share; 100 shares @ $6.4950 per share; 12,290 shares @ $6.50 per share;
( 3)  Continuation of Footnote 1: 500 shares @ $6.5001 per share; 300 shares @ $6.5002 per share; 100 shares @ $6.5003 per share; 200 shares @ $6.5004 per share; 100 shares @ $6.501 per share; 200 shares @ $6.5017 per share; 100 shares @ $6.505 per share; 903 shares @ $6.51 per share; 400 shares @ $6.52 per share; 218 shares @ $6.54 per share; 382 shares @ $6.55 per share; 500 shares @ $6.57 per share; and, 400 shares @ $6.59 per share.
( 4)  Represents the average sale price per share. Shares sold in open market as follows: 10,200 shares @ $6.45 per share; 100 shares @ $6.4501 per share; 100 shares @ $6.4502 per share; 200 shares @ $6.4503 per share; 300 shares @ $6.4505 per share; 5,400 shares @ $6.46 per share; 100 shares @ $6.4602 per share; 100 shares @ $6.4603 per share; 197 shares @ $6.461 per share; 4,803 shares @ $6.47 per share; 100 shares @ $6.4702 per share; 200 shares @ $6.4703 per share; 200 shares @ $6.4704 per share; 3,700 shares @ $6.48 per share;
( 5)  Continuation of Footnote 2: 100 shares @ $6.4801 per share; 200 shares @ $6.4803 per share; 100 shares @ $6.481 per share; 8,200 shares @ $6.49 per share; 800 shares @ $6.4901 per share; 500 shares @ $6.4902 per share; 100 shares @ $6.4903 per share; 100 shares @ $6.4904 per share; 100 shares @ $6.4905 per share; 300 shares @ $6.4906 per share; 200 shares @ $6.4907 per share; 100 shares @ $6.4909 per share;
( 6)  Continuation of Footnote 2: 300 shares @ $6.491 per share; 300 shares @ $6.4911 per share; 200 shares @ $6.4913 per share; 100 shares @ $6.4918 per share; 200 shares @ $6.495 per share; 5,507 shares @ $6.50 per share; 100 shares @ $6.54 per share; 100 shares @ $6.55 per share; and, 100 shares @ $6.56 per share.
( 7)  The reporting person disclaims beneficial ownership of these securities.
( 8)  Held by the Belo Savings Plan as of the date of this report.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
DECHERD ROBERT W
BELO CORP.
P.O. BOX 655237
DALLAS, TX 75265-5237 		X



Signatures
Kay F. Stockler, Attorney-In-Fact 12/9/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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