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April 24, 1995
__________________________
__________________________
__________________________
Dear _____________________:
As a shareholder of A. H. Belo Corporation, your firm recently received our
1995 proxy statement. In addition to the election of directors, our proxy
statement this year contains two additional proposals. Both of these proposals
are important to the Company, and we are encouraging all shareholders to review
the proxy materials carefully and vote.
Proposal two seeks approval of the 1995 Executive Compensation Plan. This
plan, while not substantially different from Belo's current 1986 Long Term
Incentive Plan, is designed to incorporate a host of changes necessary both to
update the plan and to conform it to recently enacted IRS and SEC rules and
policies.
Proposal three solicits approval of an amendment to the Company's Certificate
of Incorporation which would accomplish two purposes: (1) it would permit the
Board of Directors to determine the allocation of total authorized shares among
the three series of stock which were approved by shareholders in 1988; and (2)
it would permit the Company to issue Series B shares in those situations now
permitted by the recent agreement among the stock exchanges. This third
proposal is designed to give the Company maximum flexibility with respect to
future issuances of its stock.
Although you may not be the person at your firm who actually votes the proxy, I
would appreciate it if you would make sure that the shares held in the name of
your firm are voted in time for the Annual Meeting on May 3, 1995. For your
convenience, we are enclosing a copy of our proxy statement describing
proposals two and three in detail.
Thanks, as always, for your interest in Belo and your support.
Sincerely,
Robert W. Decherd
RWD/jg
Enclosures
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April 24, 1995
____________________________
____________________________
____________________________
Dear _____________________:
The Company recently sent you our 1995 proxy statement which, in addition to
the election of directors, this year contains two additional proposals. Both of
these proposals are important to Belo's future, and I encourage you to review
the proxy materials carefully and vote.
Proposal two seeks approval of the 1995 Executive Compensation Plan. This
plan, while not substantially different from Belo's current 1986 Long Term
Incentive Plan, is designed to incorporate a host of changes necessary both to
update the plan and to conform it to recently enacted IRS and SEC rules and
policies.
Proposal three solicits approval of an amendment to the Company's Certificate
of Incorporation which would accomplish two purposes: (1) it would permit the
Board of Directors to determine the allocation of total authorized shares among
the three series of stock which were approved by shareholders in 1988; and (2)
it would permit the Company to issue Series B shares in those situations now
permitted by the recent agreement among the stock exchanges. This third
proposal is designed to give the Company maximum flexibility with respect to
future issuances of its stock.
Your vote is important. As always, thanks for your interest in Belo and your
support.
Sincerely,
Robert W. Decherd
RWD/jg
Enclosures
