Television Company Belo Corp. (BLC) Successfully Amends and Restates Bank Credit Facility

Television Company Belo Corp. (BLC) Successfully Amends and Restates Bank Credit Facility

DALLAS, Dec. 21, 2011 /PRNewswire/ -- Belo Corp. (NYSE: BLC), one of the nation's largest pure-play, publicly-traded television companies, today announced it successfully amended and restated its bank credit facility. The new facility, under which the banks' commitments total $200 million and expire in August 2016, provides the Company improved pricing and greater flexibility under dividend and share repurchase covenants, in addition to other modifications. The amended and restated credit agreement establishing the new facility will be filed as an exhibit to the Company's Form 8-K later this week and posted at www.belo.com under Investor Relations.

About Belo Corp.
Belo Corp. (BLC), one of the nation's largest pure-play, publicly-traded television companies, owns and operates 20 television stations (nine in the top 25 markets) and their associated websites. Belo stations, which include affiliations with ABC, CBS, NBC, FOX, and the CW, reach more than 14 percent of U.S. television households in 15 highly-attractive markets. Belo stations rank first or second in nearly all of their local markets. Additional information is available at www.belo.com or by contacting Paul Fry, vice president/Investor Relations & Treasury Operations, at 214-977-4465.

SOURCE Belo Corp.

Belo Corp.

Web Site: http://www.belo.com

-------
Profile: intent