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 *

HERNDON DEALEY 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., 400 S. RECORD STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

12/5/2011
(Street)

DALLAS, TX 75202
(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   12/5/2011     S    100000   D $5.9885   (1) (2) (3) 30804   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: 18,300 shares @ $5.95 per share; 2,900 shares @ $5.951 per share; 100 shares @ $5.9517 per share; 300 shares @ $5.952 per share; 100 shares @ $5.9522 per share; 200 shares @ $5.9528 per share; 600 shares @ $5.955 per share; 5,640 shares @ $5.96 per share; 1,500 shares @ $5.961 per share; 300 shares @ $5.9618 per share; 100 shares @ $5.9621 per share; 400 shares @ $5.9628 per share; 100 shares @ $5.965 per share; 17,053 shares @ $5.97 per share; 200 shares @ $5.9709 per share; 1,347 shares @ $5.971 per share; 200 shares @ $5.9712 per share; 200 shares @ $5.9714 per share; 200 shares @ $5.9715 per share; 37 shares @ $5.9718 per share; 3,749 shares @ $5.98 per share; 100 shares @ $5.9801 per share; 200 shares @ $5.9808 per share; 1,346 shares @ $5.985 per share; 200 shares @ $5.989 per share; 4,717 shares @ $5.99 per share;
( 2)  Continuation of Footnote 1: 11,011 shares @ $6.00 per share; 100 shares @ $6.0002 per share; 200 shares @ $6.0003 per share; 100 shares @ $6.0004 per share; 300 shares @ $6.0006 per share; 200 shares @ $6.0008 per share; 600 shares @ $6.0009 per share; 1,500 shares @ $6.001 per share; 900 shares @ $6.005 per share; 3,400 shares @ $6.01 per share; 200 shares @ $6.0105 per share; 1,400 shares @ $6.015 per share; 100 shares @ $6.019 per share; 3,800 shares @ $6.02 per share; 100 shares @ $6.025 per share; 2,565 shares @ $6.03 per share; 100 shares @ $6.0305 per share; 100 shares @ $6.0306 per share;
( 3)  Continuation of Footnote 1: 2,500 shares @ $6.031 per share; 500 shares @ $6.0312 per share; 200 shares @ $6.0314 per share; 300 shares @ $6.0318 per share; 200 shares @ $6.04 per share; 100 shares @ $6.045 per share; 2,200 shares @ $6.05 per share; 900 shares @ $6.055 per share; 2,268 shares @ $6.07 per share; 100 shares @ $6.0703 per share; 200 shares @ $6.0708 per share; 1,900 shares @ $6.08 per share; 100 shares @ $6.081 per share; and, 1,767 shares @ $6.09 per share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HERNDON DEALEY D
BELO CORP.
400 S. RECORD STREET
DALLAS, TX 75202 		X



Signatures
Kay F. Stockler, Attorney-in-Fact 12/6/2011
** 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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