Belo Corp Watch

from 8-K 2 pages Belo Corp. Transferable on the Books of the Corporation by the Holder Hereof in Person or by Duly Authorized Attorney Upon Surrender of This Certificate Properly Endorsed. This Certificate and the Shares Represented Hereby Are Issued Under and Shall Be Subject to All of the Provisions of the Certificate of Incorporation and Bylaws of the Corporation and Any Amendments Thereto, Copies of Which Are on File With the Corporation and the Transfer Agent, to All of Which the Holder, by Acceptance Hereof, Assents. This Certificate Is Not Valid Unless Countersigned and Registered by the Transfer Agent and Registrar. Witness the Facsimile Seal of the Corporation and the Facsimile Signatures of Its Duly Authorized Officers. Dated: N N N N Nn Nn N Nn N N N N N N N N N Nnn Nn N N N N N N N N N N N N Nn N Nnn N N N N N Nn Nnn N Nnnn Belo Cor P. Delaware Db the Shares Represented Hereby Are Subject to (I) Restrictions on Transfer and the Registration of Transfer, and (II) Mandatory Conversion Upon the Occurrence of Certain Events—see Reverse Side. Incorporated Under the Laws of the State of Delaware This Certificate Is Transferable in Canton, Ma, New York, Ny, Jersey City, Nj and Pittsburgh, Pa Series B Common Par Value $0.01 Each This Certifies That Is the Owner of Cusip 080555 20 4 See Reverse for Certain Definitions and Restrictions Fully Paid and Nonassessable Shares of Series B Common Stock of President and Chief Executive Officer Secretary See Reverse Side for Restrictions on the Rights, Privileges, and Preferences of These Shares and Holders Thereof. Countersigned and Registered: Computershare Shareowner Services LLC Transfer Agent and Registrar Authorized Signature by Specimen

from 8-K 2 pages Specimen Form of Certificate - Series a Common Stock

from 8-K 109 pages Belo Corp. 8.00% Senior Notes Due 2016 Supplemental Indenture Dated as of November 16, 2009 the Bank of New York Mellon Trust Company, N.A., as Trustee

from 8-K 8 pages Belo Corp. 6.75% Senior Note Due May 30, 2013

from 8-K 6 pages Belo Corp. Officers’ Certificate Pursuant to Section 3.1 of the Indenture May 26, 2006

from S-8 ~5 pages Third Amendment to Savings Plan

from S-8 ~10 pages Second Amendment to Savings Plan

from 10-Q ~5 pages Officers' Certificate Dated November 1, 2001

from 10-Q ~5 pages $350 Million 8.00% Senior Notes Due 2008

from 8-K ~5 pages Form of Proposed Senior Note Due 2008

from 10-K 1 page Supplement No. 2 to Amended/Restated Rights Agrmnt

from 10-K ~5 pages Specimen Form of Certificate-Series B Common Stock

from 10-K ~5 pages Specimen Form of Certificate-Series a Common Stock

from S-8 ~20 pages Belo 2000 Executive Compensation Plan

from 10-K ~20 pages Amended/Restated Form of Rights Agreement

from 10-K405 ~5 pages Specimen Form of Certificate - Series B Common Stk

from 10-K405 ~5 pages Specimen Form of Certificate - Series a Common Stk

from 10-Q ~20 pages Officer's Certificate Pursuant to Section 3.1

from 10-Q ~5 pages 50,000,000 7 1/4% Senior Debenture Due 09/15/2027

from 10-Q ~5 pages 200,000,000 7 1/4% Senior Debenture Due 09/15/2027