Amendment to Belo Corp. Change in Control Severance Plan

Summary

This amendment, executed by Belo Corp. on March 3, 2009, updates the severance benefits under the company's Change in Control Severance Plan. It revises Schedule A to specify the severance payment multiples for different executive positions, including the CEO, Management Committee members, Executive and Senior Vice Presidents, and Vice Presidents. The amendment takes effect on December 31, 2008, and outlines the severance entitlements for each tier of executives in the event of a change in control.

EX-10.1 2 d66684exv10w1.htm EX-10.1 exv10w1

Exhibit 10.1

AMENDMENT TO THE
BELO CORP.
CHANGE IN CONTROL SEVERANCE PLAN

Belo Corp., pursuant to authorization of the Board of Directors, adopts the following amendment to the Belo Corp. Change in Control Severance Plan (the “Plan”).

1. Schedule A to the Plan is amended in its entirety to read as follows:


POSITION	TIER	SEVERANCE MULTIPLE
Chief Executive Officer	Tier I	2.0

Members of the Company’s Management	Tier II	1.5
Committee (other than the Chief Executive Officer)

Executive Vice Presidents and Senior Vice	Tier III	1.5
Presidents (other than Management Committee members)

Vice Presidents (not described in Tier II or Tier III)	Tier IV	1.5

2. The foregoing amendment will be effective as of December 31, 2008.

Executed at Dallas, Texas, this 3rd day of March, 2009.



	BELO CORP.
	By:	/s/ Kim S. Besse
		Kim S. Besse
		Vice President/Human Resources