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Investor Relations | Reconciliations
GAAP to Non-GAAP Reconciliations

04/20/06



02/09/06





10/20/05





07/22/05

Belo's First Quarter 2006 Earnings
EBITDA Industry Segment Information Reconciliations
(Three months ended March 31, 2006 and March 31, 2005)

Belo's Fourth Quarter 2005 Earnings
EBITDA Industry Segment Information Reconciliations
(Three Months ended December 31, 2005 and December 31,2004)
EBITDA Industry Segment Information Reconciliations
(Twelve Months ended December 31, 2005 and December 31,2004)

Belo's Third Quarter 2005 Earnings
EBITDA Industry Segment Information Reconciliations
(Three Months ended September 30, 2005 and September 30,2004)
EBITDA Industry Segment Information Reconciliations
(Nine Months ended September 30, 2005 and September 30,2004)

Belo's Second Quarter 2005 Earnings
EBITDA Industry Segment Information Reconciliations
(Three Months ended June 30, 2005 and June 30,2004)
EBITDA Industry Segment Information Reconciliations
(Six Months ended June 30, 2005 and June 30,2004)

04/21/05Belo's First Quarter 2005 Earnings
EBITDA Industry Segment Information Reconciliations
(Three Months ended March 31, 2005 and March 31,2004

02/10/05

Belo's Fourth Quarter and Full-Year 2004 Earnings.
EBITDA Industry Segment Information Reconciliations
(Three Months ended December 31, 2004 and December 31,2003)
EBITDA Industry Segment Information Reconciliations
(Twelve Months ended December 31, 2004 and December 31,2003)
12/08/04December Media Week Conferences
GAAP to Non-GAAP Reconcilliations
10/22/04

Belo's Third Quarter 2004 Earnings
GAAP to Non-GAAP Reconciliations
(Three Months ended September 30, 2004 and September 30, 2003)

GAAP to Non-GAAP Reconciliations
(Nine Months ended September 30, 2004 and September 30, 2003)

07/23/04

Belo's Second Quarter 2004 Earnings
EBITDA Industry Segment Information Reconciliations
(Three Months ended June 30, 2004 and June 30, 2003)

EBITDA Industry Segment Information Reconciliations
(Six Months ended June 30, 2004 and June 30, 2003)

04/21/04Belo's First Quarter 2004 Earnings.
EBITDA Industry Segment Information Reconciliations
(Three Months ended March 31, 2004 and March 31,2003
02/06/04Belo's Fourth Quarter and Full-Year 2003 Earnings.
EBITDA Industry Segment Information Reconciliations
(Three Months ended December 31, 2003 and December 31,2002)
EBITDA Industry Segment Information Reconciliations
(Twelve Months ended December 31, 2003 and December 31,2002)
12/10/03UBS 31st Annual Media Week Conference - New York, NY
EBITDA Industry Segment Information Reconciliations
(Three Months ended September 30, 2003 and September 30,2002)
EBITDA Industry Segment Information Reconciliations
(Nine Months ended September 30, 2003 and September 30,2002)
12/09/03CS First Boston Media Week - New York, NY
EBITDA Industry Segment Information Reconciliations
(Three Months ended September 30, 2003 and September 30,2002)
EBITDA Industry Segment Information Reconciliations
(Nine Months ended September 30, 2003 and September 30,2002)
10/28/03Belo's 2003 Investor Conference - New York, NY
EBITDA Industry Segment Information Reconciliations
(Three Months ended September 30, 2003 and September 30,2002)
EBITDA Industry Segment Information Reconciliations
(Nine Months ended September 30, 2003 and September 30,2002)
10/22/03Belo's 2003 Third Quarter Earnings.
EBITDA Industry Segment Information Reconciliations
(Three Months ended September 30, 2003 and September 30,2002)
EBITDA Industry Segment Information Reconciliations
(Nine Months ended September 30, 2003 and September 30,2002)
07/25/03Belo's 2003 Second Quarter Earnings.
EBITDA Industry Segment Information Reconciliations
(Three Months ended June 30, 2003 and June 30,2002)
EBITDA Industry Segment Information Reconciliations
(Six Months ended June 30, 2003 and June 30,2002)

06/24/032003 Mid-Year Media Review Conference.
EBITDA Reconciliations (Belo Interactive Full Year 1999 - 2002)

05/13/03Belo's Annual Meeting of Shareholders.
EBITDA Reconciliations (Full Year 2002 and Full Year 2001)

04/23/03Belo's 2003 First Quarter Earnings.
EBITDA Reconciliations (First Quarter 2003 and First Quarter 2002)

More Information

R. Paul Fry
Vice President/Investor Relations
& Corporate Communications
Belo Corp.
214-977-6835
214-977-7051(fax)
invest@belo.com

Belo Corp. Headquarters
P.O. Box 655237
Dallas, Texas 75265-5237

Common Stock Transfer Agent and Registrar

The Bank of New York

Inquiries by e-mail:
shareowners@bankofny.com

Inquiries by phone:
Inside the U.S. and Canada:
1-800-524-4458

Outside the U.S. and Canada:
1-212-815-3700

Inquiries by mail:

Address Changes and Certificates for Transfer:
The Bank of New York
Receive and Deliver Department-11W
P.O. Box 11002
Church Street Station
New York, NY 10286

Other Stockholder Inquiries:
The Bank of New York
Shareholder Relations Department-12E
P.O. Box 11258
Church Street Station
New York, NY 10286


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