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^*

WARD LLOYD D

(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)
12/09/2010

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)
Seies A Common Stock	12/09/2010		S		50,000	D	$6.4706⁽¹⁾⁽²⁾	23,361	D

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. REPRESENTS THE AVERAGE SALE PRICE PER SHARE. SHARES SOLD IN OPEN MARKET AS FOLLOWS: 1,300 SHARES @ $6.4315 PER SHARE; 400 SHARES @ $6.435 PER SHARE; 2,600 SHARES @ $6.439 PER SHARE; 600 SHARES @ $6.4392 PER SHARE; 100 SHARES @ $6.445 PER SHARE; 1,200 SHARES @ $6.45 PER SHARE; 700 SHARES @ $6.455 PER SHARE; 7,700 SHARES @ $6.46 PER SHARE; 900 SHARES @ $6.4611 PER SHARE; 700 SHARES @ $6.4614 PER SHARE; 2,001 SHARES @ $6.465 PER SHARE; 600 SHARES @ $6.4654 PER SHARE; 403 SHARES @ $6.4663 PER SHARE; 834 SHARES @ $6.4664 PER SHARE; 1,341 SHARES @ $6.467 PER SHARE; 200 SHARES @ $6.4675 PER SHARE;

2. CONTINUATION OF FOOTNOTE #1: 5,522 SHARES @ $6.47 PER SHARE; 600 SHARES @ $6.4733 PER SHARE; 139 SHARES @ $6.475 PER SHARE; 1,317 SHARES @ $6.4766 PER SHARE; 200 SHARES @ $6.4775 PER SHARE; 801 SHARES @ $6.4778 PER SHARE; 2,721 SHARES @ $6.4794 PER SHARE; 3,190 SHARES @ $6.48 PER SHARE; 1,800 SHARES @ $6.4825 PER SHARE; 1,101 SHARES @ $6.485 PER SHARE; 370 SHARES @ $6.4886 PER SHARE; 2,430 SHARES @ $6.4888 PER SHARE; 4,900 SHARES @ $6.4889 PER SHARE; 1,089 SHARES @ $6.49 PER SHARE; 600 SHARES @ $6.495 PER SHARE; 300 SHARES @ $6.4967 PER SHARE; 400 SHARES @ $6.4975 PER SHARE; AND, 941 SHARES @ $6.4989 PER SHARE.

	KAY F. STOCKLER, ATTORNEY-IN-FACT	12/13/2010
	** 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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