First Amendment to the Belo Savings Plan (As Amended and Restated Effective August 1, 2004)

Summary

This amendment, executed by Belo Corp., updates the Belo Savings Plan to address how mandatory distributions over $1,000 are handled. If a participant does not choose how to receive such a distribution, the plan will automatically roll the funds into an individual retirement plan selected by the committee. The amendment applies to distributions made on or after March 28, 2005.

EX-10.2(B) 2 d35936exv10w2xby.htm FIRST AMENDMENT TO THE BELO SAVINGS PLAN exv10w2xby

EXHIBIT 10.2(b)

FIRST AMENDMENT
TO THE
BELO SAVINGS PLAN

(As Amended and Restated Effective August 1, 2004)

Belo Corp., a Delaware corporation, pursuant to authorization by the Compensation Committee of the Board of Directors, adopts the following amendments to the Belo Savings Plan (the “Plan”).

1. Section 6.8 of the Plan (“Direct Rollovers”) is amended by adding a new subsection thereto to read as follows:

(e) Automatic Rollovers. In the event of a mandatory distribution greater than $1,000 in accordance with the provisions of Section 6.1(d), if the Participant does not elect to have such distribution paid directly to an Eligible Retirement Plan specified by the Participant in a direct rollover or to receive the distribution directly, then the Plan will pay the distribution in a direct rollover to an individual retirement plan designated by the Committee.

2. The foregoing amendment will be effective with respect to distributions made on or after March 28, 2005.

Executed at Dallas, Texas, this 1^st day of March, 2005.


	BELO CORP.
	By:	/s/ Marian Spitzberg
		Marian Spitzberg
		Senior Vice President, Human Resources