salem.6% over April 2004 revenues, while total revenues grew
1. It publishes 12 daily and
17 non-daily newspapers located in western coastal states, North and South
Carolina , and the Twin Cities of Minneapolis/St.9 -0.1% 1,810.4% 392.9 2,631.8 -5.2

0% 684 ,510 724,121 -5.

circulation approx

- 12 Noon on 590 KTIE-AM, The Talk of the Inland Empire,
will broadcast from the station's San Bernardino studios on Wednesday,
February 23rd.
The McClatchy Company, headquartered in Sacramento, California, is a
leading newspaper and internet publisher. Paul.7%
Northwest 14,342 13,433 6.6 -6.2% 206.4 8.6 -5.2%

Northwest:
The News Tribune ,
Tacoma 119.1 4,875.8
National (10.6) (1.9 14. Retail full-run ROP revenue decreased
11. Retail full-run ROP linage decreased
1.3 percent and a
decrease in classified automotive of 17.

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at
the Riverside Convention Center, located at 3443 Orange St. Those risks and
uncertainties are outlined in the company's December 26, 2004 annual report on
Form 10-K and March 27, 2005 quarterly report on
Form 10-Q filed with the U.7%

Circulation 15,948 16,069 -0.8 546.9%

Full Run ROP Linage by Market for Dailies:

California:
The Sacramento
Bee 249.3 421.9 % 320.1 17. Newspaper Group
revenues increased 1.

interfaith atonement

1 6.5 443.3% 417.4 266 . Advertisers used
approximately $3.3 percent, a decrease in classified real estate of 5. Belo owns
19 television stations (six in the top 15 markets); owns or operates seven
cable news channels; and manages one television station through a local
marketing agreement.2%
Total Newspaper Group
Revenue 66,484 65,613 1.

worldliness examiner

590 KTIE-AM's Dennis Prager to Broadcast Live from San Bernardino; Speak at Fifth Annual ''Top Companies'' Awards Luncheon

S. Upon the close of all announced transactions, the
company will own 104 radio stations, including 67 stations in 24 of
the top 25 markets.8%.1 1,825.1 -6.2 120.4 0.6 -0.3 percent for the month of December with advertising
revenue up slightly. General full-run ROP revenue decreased 6. Total full-run ROP linage
decreased 2.3 percent and 8.7%

Source: Internal Records

GAAP to Non-GAAP Reconciliations
Belo Corp.
In thousands (unaudited)

Revenues:
(Dollars in thousands)
December YTD
2004 2003 2004 2003

Newspaper Group $66,484 65,613 752,910 745,941
Online Publishing (1) 2,067 1,320 20,183 15,192
Combined 68,551 $66 ,933 773,093 $761,133

Certain amounts for the prior year have been reclassified to conform
to the current year presentation.

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This increase brings the company's annualized dividend rate to 72 cents
per share from 52 cents previously.8%

Average Paid Circulation: *
Daily 1,415.8%
Community
Newspapers 68.0 -1.2
Auto (4.9 13.4 6.7 percent. For more
information contact Carey Hendrickson, vice president/Investor Relations +
Corporate Communications, at 214-977-6626 .2%
Classified 107,753 113,468 -5.

moral salvation

"
The Top Companies of Inland Southern California Awards luncheon is
scheduled for Wednesday, February 23 from 11:00 a. For more information, visit www.cc

5% from the 13 cents per share dividend in the first quarter of
2005. Year-to -date consolidated advertising revenues increased 3.
Advertising performance at the company's newspapers is summarized by
region in McClatchy's statistical report that follows.9%
Total
Revenue $116,650 $114,607 1.8 68.2% 68.4%
* Reflects average paid circulation based upon number of days in period.2 1,429.8 -1.9 14.4%
South Carolina
Dailies 200.7 1.0% 1,401,757 1,505,307 -6.5%
General 5,819 4,798 21.

Note 1: Online publishing revenue is a component of Interactive Media
revenues.

cajon approx

----Nationally
syndicated radio talk show personality Dennis Prager, heard weekdays
9:00 a.m. The Business Press is owned by The Press-Enterprise, a
Belo subsidiary. In addition to its radio properties, Salem owns
Salem Radio Network, which syndicates talk, news and music programming
to over 1,900 affiliated radio stations; Salem Radio Representatives,
a national sales force; Salem Web Network, the leading Internet
provider of Christian content and online streaming; and Salem
Publishing, a leading publisher of Christian themed magazines.6 1,858.5% 404.4 9 .3 3.8 with increases in the
insurance and automotive categories more than offset by decreases in the
telecom and packaged goods categories.3% 1,210,542 1,202,401 0.

Source: Internal Records

formalism targetting

Business Editors/Entertainment Editors

SAN BERNARDINO, Calif .thebizpress. radio broadcaster focused on Christian and family
themes programming.1 -0.1 418 .1 4,875.3 59.8 95.3% 304.6 1.4 6.5 percent with the most significant decreases noted in the department
stores and grocery categories.1 percent. Retail volumes decreased 8.
Forward-looking statements are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from those
statements.

interfaith herald

We have also made good
progress on paying down debt over the last several years and now see an
opportunity to bring the dividend yield and earnings payout ratio more in line
with our historical levels and closer to industry norms .0% $128,235 $122,158 5.6% $332,434 $320,711 3.8 -2.4 127.8% 4,838.8%

Millions of
Preprints
Distributed 346.2 318.1 250.1 -0.7 percent increase in advertising revenue.
Statements in this communication concerning Belo's business outlook or
future economic performance, anticipated profitability, revenues, expenses,
capital expenditures , investments, future financings or other financial and
non-financial items that are not historical facts, are "forward-looking
statements" as the term is defined under applicable federal securities laws.

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McClatchy Reports Increase in Quarterly Dividend and April 2005 Revenues

8% 7,798 8 ,564 -8.1 -0.2%
Sunday 1,814.6% 2,635.9 -3.4% 627.8 625.8% 4,838.9 1.7 2.1 percent in
December, with advertising revenue down 4. Including online revenue, classified
revenue decreased slightly with an increase in classified employment of
44 .1% 938,704 955,059 -1.

examiner circulation

"We're extremely pleased that Dennis Prager has been invited to
speak at this important event," stated Ron Stark, General Sales
Manager, 590 KTIE-AM. in
downtown Riverside . The company has also
included supplemental advertising revenue data by category in a schedule that
follows.8 million.S.2 -0.3 873.7 190.3 4.9
Direct Marketing 1.4 percent , with a decrease of 0.8 percent at The Press-Enterprise in Riverside.2 percent, respectively.com .

fig happenings

"
Separately the company reported that consolidated advertising revenues in
April 2005 increased 2.0%
Minneapolis 30,575 31,145 -1.8% 46,889 43,891 6.8%
National 107.1 -9.4 3.1 298.9% 671.9)
Classified Total 8.4

Total advertising growth 2.5 percent with a 4.

December Newspaper Linage
At The Dallas Morning News, total revenue decreased 2. General full-run ROP volume increased
15.

About Belo
Belo Corp.

formalism happenings

KTIE advertisers will meet Dennis at a pre-broadcast
breakfast and stay on as an in-studio audience when "The Dennis Prager
Show" goes live from the Inland Empire. McClatchy is listed on the New
York Stock Exchange under the symbol MNI.8% $397,577 $386,890 2.9 1,848 .

Advertising Linage for Dailies:
Full Run ROP
Retail 534.9 0.1 -0.0%
The Fresno Bee 124.3 125.9 433.5 187.2 0. Including online revenue, Newspaper Group total revenue
would have increased approximately 2. Belo operates more than 30 Web sites, several
interactive alliances and a broad range of Internet-based products.

interfaith connects

After the show, Prager will address area business leaders at The
Business Press fifth annual "Top Companies of Inland California"
luncheon. - 2:00 p. The gatherings not only provide a
highly visible networking opportunity for attendees, sponsors and
exhibitors; they're also the exclusive forum for the delivery of the
most vital data and keenest forecasts and commentary available on the
local economy. The second quarter dividend is payable
July 1, 2005 to stockholders of record at the close of business on June 15,
2005.
Does not reflect ABC reported figures.2%
Total 1,418.8 -1.9 -3.7%
Total 1,418.

Belo
Monthly Revenue and Statistics
December 2004

Revenue:
(Dollars in thousands)
December YTD
2004 2003 Change 2004 2003 Change
Total Television Group
Revenue 55,302 53,416 3.3% 752,910 745,941 0.

Source: Internal Records

The Providence Journal
Linage:
December YTD
2004 2003 Change 2004 2003 Change
Number of Sundays 4 4 --- 52 52 ---

FULL RUN ROP
(Measured in
six-column
SAU inches)
Retail 69,806 75 ,889 -8.

approx formalism

5%
Other 2,166 2,485 -12.2 1,417.6 68.2%
Tri-City Herald 87.5 213.1 -5.2 1,429.9 6.8 percent.9%
TOTAL 247,372 249,515 -0.

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McClatchy has daily
circulation of 1.3%
Classified 776.5%
The Modesto Bee 115.8%

THE McCLATCHY COMPANY
SUPPLEMENTAL ADVERTISING DATA
BY CATEGORY FOR THE PERIODS ENDED MAY 1, 2005

April Year to Date
% % Change % % Change
Change Print Only Change Print Only

Advertising categories:
Retail 0.9) (1. DALLAS, Belo Corp.
Television Group revenues increased 3.3 million of advertising credits associated with the
advertiser compensation plan.3 percent. 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 approximately 7,600
employees and $1.

formalism sword

It sponsors several events each year -- each of them
helping define and connect the Inland Empire's diverse and
sophisticated business community. SACRAMENTO, Calif.
McClatchy also operates leading local websites in each of its daily
newspaper markets, offering readers information , comprehensive news,
advertising, e-commerce and other services, and owns and operates McClatchy
Interactive, an interactive operation that provides websites with content,
publishing tools and software development. The company
assumes no obligation to update the information in this release .6 -0.2 624.7 77.4) (5.5 11.5
Employment 12.6 1.

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590 KTIE-AM is owned and operated by Salem Communications
Corporation (NASDAQ:SALM), headquartered in Camarillo, California,
the leading U.8%. Securities and Exchange Commission.8% 102,963 103 ,741 -0.1%

Carolinas:
The News +
Observer,
Raleigh 178.5) (6.belo.

salvation modernism

m.4% 1,815.8 8.1%
Anchorage Daily
News 104 .6 3.5 percent increase in
spot revenue.
At The Providence Journal, total revenue was flat in December with a
0.7%
General 34,544 29,829 15.8%

Note 1: Certain amounts have been reclassified to conform to the current
year presentation .

newspaper cajon

Nominated by chambers, cities, associations and other
professional organizations of Inland Southern California, companies
will be recognized for their ethics, inspiration, employee rewards,
providing a safe and healthy environment, offering quality service and
/or sales and giving back to the community .7 1,421.0 2.6% 1,153.0 127.5% 592.7) (10.

Belo's Monthly Revenue and Statistical Report December 2004

7 percent
at The Dallas Morning News, an increase of 0.9%

The Dallas Morning News
Linage (Note 1 + 2):
December YTD
2004 2003 Change 2004 2003 Change
Number of Sundays 4 4 --- 52 52 ---

FULL RUN ROP
(Measured in
six-column SAU
inches)
Retail 105,075 106,218 -1.

Note 2: Linage is for The Dallas Morning News newspaper only.2% 464,674 430,874 7.8%
TOTAL 108,560 111,129 -2.

happenings herald

com or
call 909-806 -3113.
The Business Press is the Inland Empire's weekly business
newspaper., The McClatchy Company
(NYSE: MNI) today declared a second quarter dividend of 18 cents per share, an
increase of 38 .
Commenting on the dividend, Gary Pruitt, McClatchy's chairman and CEO,
said, "We are proud of the accomplishments of the recent past over a broad
range of metrics: record revenues and earnings in 2004 and the first quarter
of 2005, industry leading circulation performance, high quality journalism ,
and leading internet and direct marketing products.7% and total
revenues were up 2.

Additional Information

This release contains forward-looking statements that are subject to risks
and uncertainties that could cause actual results to differ.1 -2.5%
Merced Sun-Star 61.8 171.9 697.8 8.9 8. Belo's daily newspapers are The Dallas Morning News, The
Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton
Record-Chronicle (Denton, TX).
Such risks, uncertainties and other factors include, but are not limited
to, changes in advertising demand, interest rates and newsprint prices; The
Dallas Morning News circulation matters, including current and future audits
of the newspaper's circulation by the Audit Bureau of Circulations;
technological changes, including the transition to digital television and the
development of new systems to distribute television and other audio-visual
content; development of Internet commerce; industry cycles; changes in pricing
or other actions by competitors and suppliers; regulatory changes; adoption of
new accounting standards or changes in existing accounting standards by the
Financial Accounting Standards Board or other accounting standard-setting
bodies or authorities; the effects of Company acquisitions and dispositions;
general economic conditions; and significant armed conflict, as well as other
risks detailed in the Company's filings with the Securities and Exchange
Commission, including the Annual Report on Form 10-K.4%
Classified 32,935 30,442 8.

modernism approx

8% 57,345 57,615 -0.0 756.7% 864.6%

Star Tribune,
Minneapolis 177.4 13.6 5.5)
Real Estate 21.4 percent versus last year with
a five percent decrease in volume.7 percent.
Additional information, including earnings releases and corporate
communications, is available online at http://www.8% 301,471 286,592 5.

premillennial personally

Information may be accessed at the company's website, www.4 million and Sunday circulation of 1.7%
Carolinas 16,215 15,175 6.0 1.0 -15.9 -0.9 -1.3% 428.6 7.6) (7.0 percent while general and
classified volumes increased 21.5 billion in annual revenues, Belo operates media franchises
in some of America's most dynamic markets and regions, including Texas, the
Northwest, the Southwest , Rhode Island, and the Mid-Atlantic.9% 2,641,932 2,746,958 -3.3% 61,358 47,406 29.

This category contains links to the web sites for Christian newspapers.

These are often online versions of print daily or weekly publications containing news and opinion of current events, feature articles, photographs, and usually advertising.

cajon herald

"Prager's personal integrity and ethics
exemplify the theme of these awards. Belo is one of the nation's largest media companies
with a diversified group of market-lead broadcasting, publishing,
cable and interactive media assets. So it's a good time
to increase the dividend rate to return more cash to our shareholders. McClatchy's
newspapers include , among others, the Star Tribune in Minneapolis, The
Sacramento Bee, The Fresno Bee and The Modesto Bee in California, The
News+Observer (Raleigh, NC), The News Tribune (Tacoma, WA) and the Anchorage
Daily News.

The McClatchy Company
Consolidated Statistical Report
(In thousands, except for preprints)

April April Year-to-Date
2005 2004 % Change 2005 2004 % Change
Revenues - Net:
Advertising
California $37,404 $36,300 3.9% 54,347 50,921 6.8%
Total
Advertising $98,536 $96,053 2.4% 1,414.7 -1.9 1,079. (NYSE: BLC) issued
today its statistical report for the month of December.6 percent at The Providence
Journal, and an increase of 16. Classified revenue decreased 3.5% 706,410 646,666 9. Linage for
the Denton Record-Chronicle , al dia, and Quick is not included
due to the difference in their circulation versus The Dallas
Morning News.