Apartments.com Welcomes The Dallas Morning News to Unrivaled Affiliate Network

DallasNews.com Web site Launches Apartments.com to Dallas Market

CHICAGO and DALLAS - July 15, 2002 - Apartments.com and Belo Corp. (NYSE: BLC) announced today that The Dallas Morning News has joined the affiliate network of Apartments.com, the leading online real estate rental site of Classified Ventures, LLC. This new arrangement strengthens the partnership forged when Belo purchased an equity interest in Classified Ventures last fall.

The Dallas Morning News, Belo's largest newspaper, with a Sunday circulation of more than 776,000, and its corresponding Web site, DallasNews.com, will provide its powerful promotional engine to Apartments.com, expanding the company's extensive newspaper network to cover 36 of the top 50 DMAs. According to the U.S. Census Bureau, Texas is host to more than 2.5 million renters, the third largest renter population in the country, which includes the Dallas rental real estate market.

"Expanding the Apartments.com affiliate network to meet the needs of our customers is one of our key strategic objectives," said Tim Fagan, vice president and general manager of Apartments.com. "The addition of The Dallas Morning News and DallasNews.com bring us an important step closer to our goal of making Apartments.com's rental solution the market leader, both nationally and locally. We are delighted with Belo's decision to launch Apartments.com in a key multi-family market like Dallas."

"The addition of this proven product to DallasNews.com is important for Belo Corp. as well as our newspaper, " said Eric Christensen, vice president and general manager of Belo Interactive. "We expect great success from the launch of Apartments.com, and are especially pleased to offer a strong online real estate rental solution to the Dallas market."

Belo Corp. launched cars.com, CV's leading online automotive site, in 10 key markets last November, after joining Classified Ventures' other equity partners and network participants: Gannett Co., Inc., Knight Ridder, The McClatchy Company, The New York Times Company, Tribune Company and The Washington Post Company, which collectively bring nearly 170 affiliates and their related newspaper and television station Web sites to the CV network. The combined Sunday circulation of the newspapers in CV's network tops 25 million.

"Archon is very pleased that Apartments.com has responded to our needs by teaming up with The Dallas Morning News," said James Kjolhede, COO of Archon Residential Management. "We anticipate that Apartments.com's additional exposure in the Dallas-Fort Worth market will increase qualified Internet leads to Archon properties, assist our marketing efforts and reduce our cost per lead even more than this partnership already has. This is another excellent example of Apartments.com's commitment to top notch customer service and their willingness to act on customer input."

About Apartments.com
Apartments.com is a leading national online apartment resource distinguished by its personalized searches, highly visual ads and affiliation with the local newspaper and television station Web sites of more than 170 affiliates across the country, including the Chicago Tribune (www.chicagotribune.com), The Washington Post (www.washingtonpost.com), Los Angeles Times (www.latimes.com) and USA Today (www.usatoday.com). Apartments.com, a division of Chicago-based Classified Ventures, LLC, delivers highly qualified, ready-to-rent prospects to its nearly 10,000 trade customers, which increases closure rates and decreases the average cost of leasing an apartment.

About Belo
Belo is one of the nation's largest media companies with a diversified group of market-leading broadcasting, publishing, cable and interactive media assets. A Fortune 1000 company with more than 8,000 employees and $1.5 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 18 television stations (six in the top 16 markets) reaching 13.9 percent of U.S. television households; owns or operates six cable news channels; and manages two television stations through local marketing agreements. 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.