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	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	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* HERNDON DEALEY D (Last) (First) (Middle) BELO CORP. 400 S. RECORD STREET (Street) DALLAS TX 75202 (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) 08/29/2012
	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)
			Code	V	Amount	(A) or (D)	Price
Series A Common Stock	08/29/2012		S		100,000	D	$7.45(1)(2)	341,141	D
Series A Common Stock	08/30/2012		S		146,280	D	$7.25(3)	194,861	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the average sale price per share. Shares sold in the open market as follows: 2,488 shares @ $7.39 per share; 4,500 shares @ $7.391 per share; 1,100 shares @ $7.395 per share; 7,304 shares @ $7.40 per share; 100 shares @ $7.401 per share; 100 shares @ $7.405 per share; 5,708 shares @ $7.41 per share; 2,000 shares @ $7.411 per share; 300 shares @ $7.4112 per share; 300 shares @ $7.415 per share; 1,200 shares @ $7.43 per share; 400 shares @ $7.4306 per share; 4,754 shares @ $7.45 per share; 1,500 shares @ $7.455 per share; 8,212 shares @ $7.46 per share; 1,200 shares @ $7.461 per share; 200 shares @ $7.4632 per share; 100 shares @ $7.4641 per share; 2,500 shares @ $7.465 per share; 100 shares @ $7.4675 per share (continued in footnote 2).

2. (con't from footnote 1) 26,726 shares @ $7.47 per share; 300 shares @ $7.4705 per share; 400 shares @ $7.4708 per share; 4,700 shares @ $7.471 per share; 200 shares @ $7.4719 per share; 400 shares @ $7.4724 per share; 1,574 shares @ $7.475 per share; 100 shares @ $7.4775 per share; 11,610 shares @ $7.48 per share; 2,490 shares @ $7.481 per share; 500 shares @ $7.4828 per share; 300 shares @ $7.4829 per share; 400 shares @ $7.4832 per share; 200 shares @ $7.485 per share; 1,034 shares @ $7.49 per share; 100 shares @ $7.495 per share; 2,000 shares @ $7.50 per share; 1,800 shares @ $7.501 per share; 400 shares @ $7.5019 per share; 100 shares @ $7.5025 per share; 200 shares @ $7.505 per share; 300 shares @ $7.51 per share; and 100 shares @ $7.5107 per share.

3. Represents the average sale price per share. Shares sold in the open market as follows: 16,219 shares @ $7.24 per share; 2,800 shares @ $7.2403 per share; 3,800 shares @ $7.241 per share; 300 shares @ $7.242 per share; 84,061 shares @ $7.25 per share; 7,400 shares @ $7.251 per share; 400 shares @ $7.2512 per share; 200 shares @ $7.2519 per share; 1,000 shares @ $7.252 per share; 200 shares @ $7.2525 per share; 100 shares @ $7.2529 per share; 248 shares @ $7.253 per share; 2,500 shares @ $7.255 per share; 13,632 shares @ $7.26 per share; 300 shares @ $7.2604 per share; 100 shares @ $7.2608 per share; 3,300 shares @ $7.261 per share; 400 shares @ $7.2619 per share; 100 shares @ $7.262 per share; 400 shares @ $7.2621 per share; 300 shares @ $7.2628 per share; 100 shares @ $7.265 per share; 3,900 shares @ $7.27 per share; 200 shares @ $7.2717 per share; 100 shares @ $7.272 per share; 3,803 shares @ $7.28 per share; 400 shares @ $7.2824 per share; and 17 shares @ $7.30 per share.

	Christine Larkin, Attorney-in-Fact	08/31/2012
	** 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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