February 11, 2003
Belo Interactive winner in the 11th Annual CIO Enterprise Value Awards
Dallas, TX --Belo Interactive, the Internet subsidiary of Belo Corp., announced that it is one of five winners and two runners up singled out from the 80 companies that competed in CIO Magazine's 11th annual Enterprise Value Awards. CIO awarded Belo Interactive an honorable mention in this year's Enterprise Value Awards for the development of VelocIT, a content management system that centralizes all content and manages its distribution throughout the 34 Belo Interactive Web sites.
The award recognizes Belo Interactive's content management system, VelocIT, based on its ability to produce measurable business advantages enterprise-wide through the innovative use of technology. The VelocIT content management system efficiently integrates content from across Belo's stable of 34 Web sites as well as Belo's four daily newspapers, 19 television stations and six cable news networks. With the creation of VelocIT, Belo Interactive can better manage and distribute news content from a variety of sources for its nationwide network of Web sites.
Belo Interactive is the Internet subsidiary of Dallas-based Belo Corp., 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 approximately 7,800 employees and $1.4 billion in annual revenues, Belo operates news and information franchises in some of America's most dynamic markets and regions, including Texas, the Northwest, the Southwest, Rhode Island, and the Mid-Atlantic region. Belo owns 19 television stations (six in the top 16 markets) reaching 13.7 percent of U.S. television households; owns or operates six cable news channels; and manages one television station through a local marketing agreement. Belo publishes four daily newspapers: The Dallas Morning News, The Providence Journal, The Press- Enterprise (Riverside, CA) and the Denton Record-Chronicle (Denton, TX). Belo Interactive's new media businesses include 34 Web sites, several interactive alliances, and a broad range of Internet-based products. For more information, contact Linda Fisk, Belo Interactive's vice president/Marketing at 214-977-4017. Additional information, including earnings releases, is available online at http://www.belo.com.