The USC Annenberg Digital Future Report 2005 finds that for the first
time, the number of users who say that the Internet can be used to gain
political power has increased.

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Poll Betting is Simple: You bet and your stake is entered into a
pool.

Belo Stations in Dallas/Fort Worth and Seattle/Tacoma Honored With Cronkite Awards for 2004 Elections Political Coverage

Through this partnership,
which began in 2002, Belo stations exchanged broadcast packages, increasing
understanding among viewers about how their counterparts in other Texas
markets felt about the issues. In 2003 and 2001, KING was also honored with the Cronkite
Award.

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com allows you to poll bet on anything! If it is
out there and being talked about, chances are you can make your
opinion count by entering a poll bet at AnyBets.com is a pari -mutuel wagering site, offering a breadth of
wagering not available at fixed odds betting sites. (NYSE: BLC) announced today
that two of its television stations, WFAA-TV, the ABC affiliate in Dallas /Fort
Worth, and KING-TV, the NBC affiliate in Seattle/Tacoma, have been honored
nationally with the 2005 USC Annenberg Walter Cronkite Award for Excellence in
Television Political Journalism. KING reporter Robert Mak
and producer Mike Cate won their second consecutive Cronkite Award for
Individual Achievement, and the station's third Cronkite Award.
The station was recognized for its unique "Project Texas" partnership with
other Belo stations in Texas, including KHOU-TV in Houston, KENS -TV in San
Antonio, KVUE-TV in Austin and Texas Cable News.

KING Reporters Cited for Thorough , Balanced Coverage
KING's Robert Mak and Mike Cate were cited in this year's awards
announcement for their "thorough and balanced coverage, good writing and
excellent reporting and producing. In 2004, KING
demonstrated its market leadership in civic journalism by broadcasting
gubernatorial , senatorial, attorney general, superintendent of public
education and three congressional debates; providing live broadcasts of the
Washington State Caucus; and covering issues ranging from transportation to
taxes. "But
with the expansion of information online about issues and candidates during
the 2004 elections, and an increase in voters accessing this information, this
year the Digital Future Project found significant growth in the number of
people who feel politically empowered by going online. The
Center for the Digital Future was formerly the Center for Communication Policy
at UCLA.

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Topics included job outsourcing, social
issues such as gay marriages, and the war in Iraq .
Additional information, including earnings releases and corporate
communications, is available online at http://www.
To receive a copy of the final report and the press release covering key
findings, visit gbaum@usc.edu, or call
213-821-1491. The Digital Future Project
supported by public foundations and private companies, including Accenture,
Hewlett-Packard, Microsoft, the National Cancer Institute, SBC, Sony, Time
Warner Companies, and Verizon.

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Poll Betting: Reading the Nation's Mind

com

AnyBets. AnyBets. If you win, you get money from the pool in proportion to the
amount you bet. More than 20 hours of
programming was devoted to these "It 's Your Time" segments between
September 21 and November 2. "The Internet is no longer a marginal force
in American politics -- it is quickly becoming the central force in empowering
voters.A .

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com has taken Betfair's example to create the new concept
of poll betting.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.
"Until now, the Internet didn't empower voters either," Cole said. The center, its staff, and its research projects moved to the
University of Southern California in 2004.

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Decherd, Belo's chairman, president and chief executive officer,
said, "We are extremely proud that two Belo stations were recognized again
with Cronkite Awards for their coverage of vital local and national issues and
the candidates running for election in 2004.

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During last year's election cycle, 18 out of 18 invited candidates
participated in KING 's "It's Your Time" programming, which provided free air
time to candidates.

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The USC Annenberg School Center for the Digital Future created and
organizes the World Internet Project, which includes the UCLA Internet Report
and similar studies in Europe, the Middle East, South America, and Asia .

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A spokesperson from AnyBets.com offers
a complete range of sport, political and entertainment betting,
providing a unique market expansion opportunity for Affiliates. WFAA won its second consecutive Cronkite
award in the Local Station, Large Market category. Mak and Cate have also
been instrumental in KING's daily coverage of politics. One of the
most important ways we support our communities is by exposing viewers to
critical issues and solutions proposed by different local and national
candidates.
As part of this political coverage, 159 congressional and gubernatorial
candidates across the country participated in Belo's fifth consecutive "It's
Your Time" program, which gave them free air time to inform voters about their
candidacy.

About Belo
Belo Corp . With an enrollment of more than 1,900 graduate
and undergraduate students, USC Annenberg offers B.

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According to
Betfair's director of communications, Mark Davies, opinion polls only
canvas a small percentage of the population with no real incentive to
provide accurate information."

Additional Notes:

About AnyBets. A Fortune 1000 company with approximately
7,600 employees and $1., M.

poll comparison

WFAA's and KING's in-depth
approach to political news coverage brought new dimensions of understanding to
their communities' political discourse.
Now in its fifth year, the project examines the behavior and views of a
national sample of Internet users and non-users, as well as comparisons
between new users (one year or less of experience) and very experienced users
(more than eight years of experience ).

political 96

About Poll Betting

Poll Betting offers you all the fun and benefits of online
betting , but without the complexity of bet-slips, odds-calculators,
daunting figures, and having to learn a whole new language. 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 .

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* WFAA Recognized for Best Political Coverage - Large Market
* KING Reporters Win Best Individual Coverage

DALLAS, Belo Corp."

WFAA Cited for Local and National Coverage and Unique Partnership
WFAA was cited by the judging committee for "its continuing commitment to
expose political issues and candidates to viewers" through its coverage of
both local and national races. The station delivered this award-winning
coverage even though there was neither a major senatorial or gubernatorial
race in Texas in 2004 nor any visits by national Democratic leaders. The Award is named for
legendary CBS newsman Walter Cronkite, the most decorated broadcast journalist
of the past 30 years. Belo operates more than 30 Web sites, several
interactive alliances and a broad range of Internet-based products. Other key findings include:

* Internet use continues to increase
* E-mail reigns as most popular online activity
* Broadband reaches highest level for online access

This fifth comprehensive research report on the impact of the Internet on
politics, commerce and culture was released by the USC Annenberg School Center
for the Digital Future.

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Business Editors/Gambling Writers

LONDON----Poll betting is a new
cross-breed of poll and pool betting that is not only making a splash
on the betting market, but proving itself the most accurate form of
consumer survey.

Awards Reflect Belo Stations' Enterprise-wide Commitment to Political
Coverage
Decherd said, "These Cronkite Awards reflect the commitment by Belo
stations nationwide to provide the best possible political coverage in their
communities . We take our public service obligation seriously. Eight Belo
television stations posted video of local debates online. This was a 50 percent increase over the 104 candidates who
participated during the 2002 election cycle.

About the Cronkite Awards
The University of Southern California 's Annenberg School for
Communication, the Norman Lear Center and Reliable Resources for Broadcast
Political Coverage honor television networks, local television stations and
individuals for political coverage that informs viewers about their electoral
choices and that helps them understand ballot issues, the candidates involved
and how electoral choices will affect their lives.belo.

forces parliamentary

During the presidential election between George W Bush and John
Kerry, betting patterns showed that Bush was heading for victory while
the US opinion polls were inconclusive. Eighteen out of 21 invited candidates
participated in WFAA's "It's Your Time" programming initiative, which provided
free air time to candidates.
"Print and television forever changed politics through their powerful
enormous impact on all elements of the political process -- yet these media
have never made voters feel politically empowered," said Jeffrey I."
The Digital Future Project (formerly the UCLA Internet Report) provides a
broad year-to-year exploration of the influence of the Internet on Americans.

04 96

In Australia's last federal
election, opinion surveys were irregular, but the betting consistently
favoured Prime Minister John Howard, the eventual victor.
"Our figures have proved to be an amazingly accurate indicator at
both the Australian general election and the California Governor's
election in 2003," he said.com said, "Poll betting is our new
concept which allows people to participate in survey-style polling.
The participants are more likely to choose their responses more
carefully in this type of poll as they are rewarded in proportion to
the size of their bet if their opinions are correct.
Belo's two regional cable news operations and its four local cable news
channels televised an average of 176 stories weekly, representing an average
of four hours and 36 minutes of political coverage each week. NOTE: Conference call briefing time changed to 2:30 pm Eastern

LOS ANGELES, Internet users say that going online
creates political clout, a new study reveals.
"The Internet will forever change the course and nature of American
politics, probably in ways in which today's political leaders may not be
comfortable because there are so many information sources and opportunities
for dialogue online," Cole said.

duma december

com. "UP
FRONT with Robert Mak" has been on the air since 2002. This represented an average of 142 local and national news stories
every week, ranging from coverage of debates, issues and ad-watch programming
to interviews with local , state and federal candidates.

UPDATE: USC Annenberg Digital Future Project Finds Major New Trends in Online Use for Political Campaigns

and Ph.

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AnyBets.com is the website that has created poll betting , which
gives consumers an opportunity to put their money where their mouth
is, by backing their votes on topical issues and events with a
monetary incentive.
The idea of using betting to assess public opinion came from
Betfair's uncanny accuracy in predicting elections.
AnyBets. The station also tracked voters' viewpoints on
the candidates and issues by building stories around a diverse focus group,
which met each month throughout 2004. To
participate call 800-261-3225 and enter Code #2382491.

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"
KING is the only commercial television station in the Seattle/Tacoma
market to broadcast a weekly show dedicated to local political coverage. is one of the nation's largest media companies with a
diversified group of market-leading television, newspaper, cable and
interactive media assets.A.

forces 96

com has polls on events and issues covering many areas,
such as politics, justice , sport, celebrities, music, film, television
and fashion. Since Belo pioneered
"It's Your Time " in 1996, more than 560 candidates have participated. It is designed to encourage and showcase television
journalistic excellence in political coverage, particularly innovative,
informative and issues -focused coverage. Belo's daily newspapers are The Dallas Morning News, The
Providence Journal, The Press-Enterprise (Riverside, CA) and the Denton
Record-Chronicle (Denton, TX).
NOTE NEW TIME: Dr. Cole will lead a conference call to review the findings
of the report at 11:30 am PT, 2:30 pm ET on Wednesday, December 7, 2005.

electoral comparison

"
In 2004, Belo's 14 news-producing stations broadcast a total of 338 hours
of political coverage, or an average of one hour and 43 minutes per week per
station , during the 14-week period leading up to the November 2 general
election. degrees
in journalism , communication and public relations.

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AnyBets.
Robert W. This programming was re-broadcast on Belo's two
regional cable stations and several of its local cable news channels, and
offered to local Public Broadcasting Service stations.

Located in Los Angeles at the University of Southern California, the USC
Annenberg School for Communication is among the nation's leading institutions
devoted to the study of journalism and communication, and their impact on
politics, culture and society.D.

democracy election

AnyBets. WFAA was also honored with
a Cronkite Award in 2003. Cole,
director of the USC Annenberg School Center for the Digital Future.

elections candidates

com or by contacting
Carey Hendrickson, vice president /Investor Relations + Corporate
Communications, at 214-977-6626.

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