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 *

WARD LLOYD D 		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)

12/9/2010
(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
Seies A Common Stock   12/9/2010     S    50000   D $6.4706   (1) (2) 23361   D    

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: 1,300 SHARES @ $6.4315 PER SHARE; 400 SHARES @ $6.435 PER SHARE; 2,600 SHARES @ $6.439 PER SHARE; 600 SHARES @ $6.4392 PER SHARE; 100 SHARES @ $6.445 PER SHARE; 1,200 SHARES @ $6.45 PER SHARE; 700 SHARES @ $6.455 PER SHARE; 7,700 SHARES @ $6.46 PER SHARE; 900 SHARES @ $6.4611 PER SHARE; 700 SHARES @ $6.4614 PER SHARE; 2,001 SHARES @ $6.465 PER SHARE; 600 SHARES @ $6.4654 PER SHARE; 403 SHARES @ $6.4663 PER SHARE; 834 SHARES @ $6.4664 PER SHARE; 1,341 SHARES @ $6.467 PER SHARE; 200 SHARES @ $6.4675 PER SHARE;
( 2)  CONTINUATION OF FOOTNOTE #1: 5,522 SHARES @ $6.47 PER SHARE; 600 SHARES @ $6.4733 PER SHARE; 139 SHARES @ $6.475 PER SHARE; 1,317 SHARES @ $6.4766 PER SHARE; 200 SHARES @ $6.4775 PER SHARE; 801 SHARES @ $6.4778 PER SHARE; 2,721 SHARES @ $6.4794 PER SHARE; 3,190 SHARES @ $6.48 PER SHARE; 1,800 SHARES @ $6.4825 PER SHARE; 1,101 SHARES @ $6.485 PER SHARE; 370 SHARES @ $6.4886 PER SHARE; 2,430 SHARES @ $6.4888 PER SHARE; 4,900 SHARES @ $6.4889 PER SHARE; 1,089 SHARES @ $6.49 PER SHARE; 600 SHARES @ $6.495 PER SHARE; 300 SHARES @ $6.4967 PER SHARE; 400 SHARES @ $6.4975 PER SHARE; AND, 941 SHARES @ $6.4989 PER SHARE.

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



Signatures
KAY F. STOCKLER, ATTORNEY-IN-FACT 12/13/2010
** 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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