Frank Escobedo Assumes Duties as Associate Publisher/Affiliated Products Group at The Press-Enterprise

Frank Escobedo has been appointed Associate Publisher of The Business Press and La Prensa. This is a new position created to consolidate the Affiliated Products Group of The Press-Enterprise Company to extend and expand the company's current portfolio of affiliated products and to develop and launch other targeted niche media products to serve the needs of the communities and businesses in the fast-growing Inland Southern California marketplace.

"Frank is a well-rounded media executive and brings a wealth of experience, a strong record of success, innovation and a passion for serving the business and Latino communities," said Ron Redfern, CEO of The Press-Enterprise Company. "It's a privilege to have someone of his talent leading the growth of our affiliated products group, and we're delighted he has joined our team."

Escobedo most recently served as General Manager of La Voz Publishing, LLC, where he led the Hispanic initiatives for the Arizona Republic. During that time, he developed and grew a number of Spanish-language media products serving the Phoenix community. He began his career with the Laredo Morning Times, where he occupied a number of key positions in advertising, eventually becoming Vice President and General Manager. During his tenure at Laredo Morning Times, he increased revenue and spearheaded a team that created a Web presence for the paper.

"I am very pleased to be joining The Press-Enterprise Company, and I look forward to working in the dynamic community of the Inland Empire," said Frank Escobedo. "The PE has a reputation for outstanding journalism, a commitment to community, and I pledge to continue to uphold the high standards already in place. My family and I also look forward to becoming active members of the community and making this area our new home."

The Press-Enterprise Co. is a subsidiary of Dallas-based Belo Corp., the leading news and information source in some of America's most dynamic regions and markets. A Fortune 1000 company, Belo owns 19 television stations, four daily newspapers, owns or operates 7 cable news channels and more than 30 Web sites, including some of the most popular local and regional new sites in the United States.

About The Press-Enterprise Company

The Press-Enterprise Company, a Riverside, CA-based subsidiary of Belo Corp., publishes The Press-Enterprise, the largest daily newspaper serving Inland Southern California; The Business Press, a weekly business journal; La Prensa and El D, weekly Spanish-language newspapers serving the region's diverse Hispanic community; and the advertising publications Inland Empire HomeSeller, Inland Empire AutoSeller, Inland Empire Employment and Savings Express.

About Belo Corporation

Belo Corp. is one of the nation's largest media companies with a diversified group of market-leading television, newspaper, cable and interactive media assets. A Fortune 1000 company with 7,100 employees and $1.6 billion in annual revenues, Belo operates in some of America's most dynamic markets in Texas, the Northwest, the Southwest, the Mid-Atlantic and Rhode Island. Belo owns 20 television stations, six of which are in the 15 largest U.S. broadcast markets. The Company also owns or operates seven cable news channels and manages one television station through a local marketing agreement. Belo's daily newspapers are The Dallas Morning News, The Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). The Company also publishes specialty publications targeting young adults, and the fast-growing Hispanic market, including Quick and Al Día in Dallas/Fort Worth, and El D and La Prensa in Riverside. Belo operates more than 30 Web sites associated with its operating companies. Additional information is available at www.belo.com or by contacting Carey Hendrickson, vice president/Investor Relations & Corporate Communications, at 214-977-6626.

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Ron Redfern 951-684-1200 Email Contact