THE CORPORATE LIBRARY

Related Party Transactions and Outside Related Director Information

Belo Corp. (BLC)

4/5/2006 Proxy Information

Effective October 1, 2005, the Company entered into a construction contract with Austin Commercial, L.P. relating to the new Dallas Morning News South Plant. The contract provides for total payments of approximately $16.5 million, of which approximately $555,664 was paid during the year ended December 31, 2005. Director Bill Solomon is non-executive chairman of the Board of Austin Industries, Inc., the parent company of Austin Commercial, L.P.

Anne Szostak’s husband, Michael Szostak, has been a sportswriter and columnist for The Providence Journal since May 1977. The Providence Journal is published by The Providence Journal Company, a subsidiary of Belo Corp.. Mr. Szostak’s salary and bonus for 2005 was $63,460. His base salary for 2006 is $64,195 plus a performance bonus opportunity.

Robert Decherd’s son, William Decherd, has been employed by Belo Corp. since August 2005. He serves as Product Development Manager and staffs the Company’s Strategy Council. Prior to joining Belo, William worked in an analyst role for The Goldman Sachs Group, Inc., McKinsey & Company, and Hicks, Muse, Tate & Furst Incorporated (now known as HM Capital Partners LLC), a Dallas-based private equity firm. William’s compensation for 2005 was $47,014. His base salary for 2006 is $125,000 with a performance bonus opportunity.

Robert Decherd and Dealey Herndon are brother and sister and Jim Moroney is their second cousin.

4/5/2005 Proxy Information

Director Anne Szostak’s husband, Michael Szostak, is a sportswriter and columnist for The Providence Journal, a newspaper published by The Providence Journal Company, a subsidiary of Belo Corp.. The Company is not aware of any other related party transactions that would require disclosure.

4/5/2004 Proxy Information

Robert Decherd and Dealey Herndon are brother and sister and Jim Moroney is their second cousin.

Burl Osborne was President of the Publishing Division of Belo Corporation from 1995 to 2001.

Stephen Hamblett served as Chairman of The Providence Journal Company from February 1997, when The Providence Journal Company became a wholly-owned subsidiary of Belo Corporation, until his retirement in December 2000. From February 1997 until April 1999, Mr. Hamblett was Chief Executive Officer and publisher of The Providence Journal Company and from 1987 to 1997, was Chairman, Chief Executive Officer and publisher of the pre-merger Providence Journal Company.

4/4/2003 Proxy Information

Robert Decherd and Dealey Herndon are brother and sister and Jim Moroney is their second cousin.

In connection with the acquisition of The Providence Journal Company, Belo agreed that Mr. Stephen Hamblett is eligible to serve as a Belo director until age 70.