SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DECHERD ROBERT W

(Last)

(First)

(Middle)

BELO CORP.

P.O. BOX 655237

(Street)

DALLAS

75265-5237

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BELO CORP [ BLC ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2010

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series A Common Stock	03/19/2010		S⁽¹⁾		120,000	D	$6.6026⁽²⁾⁽³⁾	532,091	D
Series A Common Stock								5,468	I	By 401(k) Plan⁽⁴⁾
Series A Common Stock								1,200	I	By Spouse⁽⁵⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 13, 2009.

2. Represents the average sale price per share. Shares sold in open market as follows: 7,992 shares @ $6.50 per share; 6,200 shares @ $6.51 per share; 1,500 shares @ $6.515 per share; 1,400 shares @ $6.52 per share; 4,700 shares @ $6.53 per share; 300 shares @ $6.535 per share; 2,965 shares @ $6.54 per share; 135 shares @ $6.545 per share; 22,611 shares @ $6.55 per share; 3,500 shares @ $6.56 per share; 1,420 shares @ $6.57 per share; 4,180 shares @ $6.58 per share; 4,700 shares @ $6.59 per share; 7,900 shares @ $6.60 per share; 3,600 shares @ $6.61 per share; 1,700 shares @ $6.62 per share; 7,900 shares @ $6.63 per share; 400 shares @ $6.635 per share; (continued)

3. Continuation of footnote 2: 5,597 shares @ $6.64 per share; 5,500 shares @ $6.65 per share; 2,600 shares @ $6.66 per share; 4,400 shares @ $6.67 per share; 200 shares @ $6.675 per share; 700 shares @ $6.68 per share; 3,769 shares @ $6.69 per share; 2,000 shares @ $6.70 per share; 2,882 shares @ $6.71 per share; 649 shares @ $6.72 per share; 300 shares @ $6.73 per share; 300 shares @ $6.74 per share; 600 shares @ $6.75 per share; 300 shares @ $6.76 per share; 1,300 shares @ $6.77 per share; 1,600 shares @ $6.78 per share; 900 shares @ $6.79 per share; 600 shares @ $6.80 per share; 1,400 shares @ $6.81 per share; 1,100 shares @ $6.82 per share; and, 200 shares @ $6.83 per share.

4. Held by the A. H. Belo Savings Plan as of March 19, 2010.

5. The reporting person disclaims beneficial ownership of these securities.

	Kay F. Stockler, Attorney-in-Fact	03/22/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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