A. H. Belo CORP
SERVICES AGREEMENT
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>5
<FILENAME>d53856exv10w3.htm
<DESCRIPTION>SERVICES AGREEMENT
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<DIV align="right" style="font-size: 10pt; margin-top: 6pt">Execution Version
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SERVICES AGREEMENT</B>
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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>By and Between</B>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>BELO CORP.</B>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>and</B>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>A. H. BELO CORPORATION</B>

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<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>Dated as of February&nbsp;8, 2008</B>

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<P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><U><B>TABLE OF CONTENTS</B></U>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE I DEFINITIONS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.01 Definitions</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">2</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;1.02 General Interpretive Principles</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">4</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE II SERVICES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.01 Belo Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
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<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.02 Newspaper Holdco Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.03 Standard of Performance for Belo Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">5</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.04 Standard of Performance for Newspaper Holdco Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">6</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.05 Omitted Belo Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.06 Omitted Newspaper Holdco Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.07 Interruption of Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">7</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.08 Access</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">8</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;2.09 Transition of Responsibilities</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE III FEES AND EXPENSES</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.01 Fees and Expenses</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.02 Billing and Payment; No Set-off</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.03 Additional Costs</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">9</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.04 Late Payments</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;3.05 Taxes</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">10</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE IV CONFIDENTIALITY</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;4.01 Confidentiality Obligations</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">13</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE V NO WARRANTY; LIMITATION OF LIABILITY; INDEMNIFICATION; ESCALATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.01 Warranties and Disclaimer of Warranty by Belo</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.02 Warranties and Disclaimer of Warranty by Newspaper Holdco</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">15</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.03 Third Parties and Belo Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.04 Third Parties and Newspaper Holdco Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">16</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.05 Obligation to Re-perform Belo Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.06 Obligation to Re-perform Newspaper Holdco Services</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.07 Limitation of Liability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">17</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.08 Belo Indemnity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">18</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.09 Newspaper Holdco Indemnity</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.10 Negotiation</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;5.11 Indemnification Rights</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">19</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE VI ACCESS TO INFORMATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.01 Access to Belo Records</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.02 Access to Newspaper Holdco Records</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;6.03 Cooperation and Procedures</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">20</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE VII TERM; TERMINATION</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.01 Term</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.02 Early Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.03 Breach of Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.04 Sums Due</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">22</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;7.05 Effect of Termination</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">ARTICLE VIII MISCELLANEOUS</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.01 Notices</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">23</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.02 Entire Agreement</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.03 Waiver</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.04 Amendment</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.05 Independent Contractors</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.06 No Third Party Beneficiary</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.07 No Assignment; Binding Effect</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">24</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.08 Headings</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.09 Submission to Jurisdiction; Waivers</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.10 Severability</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.11 Governing Law</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.12 Counterparts</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">25</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.13 Order of Precedence</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
</TR>
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    <TD><DIV style="margin-left:30px; text-indent:-15px">Section&nbsp;8.14 Ownership of and License to Data</DIV></TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD align="right">26</TD>
    <TD>&nbsp;</TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">&nbsp;</DIV></TD>
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    <TD><DIV style="margin-left:15px; text-indent:-15px">Exhibit&nbsp;A&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Belo Services and Newspaper Holdco Services</DIV></TD>
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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SERVICES AGREEMENT</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This SERVICES AGREEMENT (this &#147;<B>Agreement</B>&#148;), dated as of February&nbsp;8, 2008, by and between Belo
Corp., a Delaware corporation (&#147;<B>Belo</B>&#148;), and A. H. Belo Corporation, a Delaware corporation
(&#147;<B>Newspaper Holdco</B>,&#148; and, together with Belo, each a &#147;<B>Party</B>&#148; and collectively the &#147;<B>Parties</B>&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>RECITALS</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, the Board of Directors of Belo has determined that it is in the best interests of
Belo and its shareholders to separate the Newspaper Holdco Business (as defined below) and the Belo
Business (as defined below) into two separate public companies, on the terms and subject to the
conditions set forth in the Separation and Distribution Agreement (as defined below), in order to,
among other things, (i)&nbsp;create more focused organizations better able to respond to different
industry dynamics and therefore better able to tailor strategic initiatives and priorities; (ii)
allow the investment community to evaluate Belo and Newspaper Holdco separately relative to the
performance of their peers; (iii)&nbsp;allow Newspaper Holdco greater flexibility to create a capital
structure and deploy capital more closely aligned with its strategic priorities; and (iv)&nbsp;allow
Newspaper Holdco to provide its management and employees incentive compensation more directly
linked to its individual financial performance;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, in order to effectuate the foregoing, Belo and Newspaper Holdco have entered into a
Separation and Distribution Agreement, dated as of February&nbsp;8, 2008 (the &#147;<B>Separation and
Distribution Agreement</B>&#148;), pursuant to which and subject to the terms and conditions set forth
therein, on the Distribution Date (as defined in the Separation and Distribution Agreement) the
Newspaper Holdco Business shall be separated from the Belo Business and the Newspaper Holdco Common
Stock shall be distributed on a pro rata basis to the shareholders of Belo; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WHEREAS, in connection therewith and in order to ensure an orderly transition under the
Separation and Distribution Agreement, following the Effective Time (as defined in the Separation
and Distribution Agreement), Belo desires to provide, through the Belo Service Providers (as
defined below), to Newspaper Holdco and its Affiliates, as applicable, certain services (the &#147;<B>Belo
Services</B>&#148;) with respect to the operations of Newspaper Holdco and its Affiliates, and Newspaper
Holdco desires to provide, through the Newspaper Holdco Service Providers (as defined below), to
Belo and its Affiliates, as applicable, certain services (the &#147;<B>Newspaper Holdco Services</B>&#148;) with
respect to the operations of Belo and its Affiliates, as such Belo Services and Newspaper Holdco
Services are more fully described in (i)&nbsp;separate service schedules to be agreed to and delivered
by the Parties hereto on the date hereof or from time to time thereafter (all such service
schedules, including any appendices, exhibits or other attachments thereto, the &#147;<B>Schedules</B>,&#148; and
each, a &#147;<B>Schedule</B>&#148;), or (ii)&nbsp;separate agreements to be entered into by the Parties or their
respective Service Providers on the date hereof or from time to time thereafter (all such separate
agreements, including any appendices, exhibits or other attachments thereto, the &#147;<B>Additional
Agreements,</B>&#148; and each, an &#147;<B>Additional Agreement</B>&#148;). The general categories of Belo Services and
Newspaper Holdco Services initially to be provided pursuant to the Schedules or Additional
Agreements are reflected on Exhibit&nbsp;A attached hereto.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NOW, THEREFORE, in consideration of the promises and covenants set forth herein and for other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Belo
and Newspaper Holdco hereby agree as follows:
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE I</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>DEFINITIONS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.01 <U>Definitions</U>. Capitalized terms used herein, but not defined herein shall
have the meanings assigned to such terms in the Separation and Distribution Agreement, as it may be
amended from time to time in accordance with the terms thereof, and the following terms shall have
the meanings set forth below:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Additional Agreements</B>&#148; shall have the meaning assigned to it in the recitals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Additional Belo Service</B>&#148; shall have the meaning assigned to it in Section&nbsp;2.05.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Additional Newspaper Holdco Service</B>&#148; shall have the meaning assigned to it in Section&nbsp;2.06.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Affiliate</B>&#148; means, with respect to any specified Person (as defined in the Separation and
Distribution Agreement), any other Person that directly, or indirectly through one or more
intermediaries, controls, is controlled by or is under common control with, such specified Person;
<U>provided</U>, <U>however</U>, that for purposes of this Agreement, no member of either Group
(as defined in the Separation and Distribution Agreement) shall be deemed to be an Affiliate of any
member of the other Group. As used herein, &#147;control&#148; means the possession, directly or indirectly,
of the power to direct or cause the direction of the management and policies of such entity,
whether through ownership of voting securities or other interests, by contract or otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Agreement</B>&#148; shall have the meaning assigned to it in the preamble.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Auditing Standard No.&nbsp;2</B>&#148; shall have the meaning assigned to it in Section&nbsp;6.01.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Belo</B>&#148; shall have the meaning assigned to it in the preamble.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Belo Business</B>&#148; means all businesses and operations of the Belo Group, other than the
Newspaper Holdco Business.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Belo Data</B>&#148; means all data relating primarily to the Belo Business (including all files,
records and other Information relating primarily to the Belo Business that have been uploaded to
Software at any time since Belo or Newspaper Holdco began using such Software (as defined in the
Separation and Distribution Agreement), whether uploaded prior to, on or after the Effective Time).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Belo Service Providers</B>&#148; means Belo, its Affiliates and any third party, in each case, to the
extent such Person is providing the Belo Services on behalf of Belo pursuant to any Schedule or
Additional Agreement.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Belo Services</B>&#148; shall have the meaning assigned to it in the recitals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Belo Transition Plan</B>&#148; shall have the meaning assigned to it in Section&nbsp;2.09(c).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Dispute Notice</B>&#148; shall have the meaning assigned to it in Section&nbsp;5.10.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Employee Costs</B>&#148; means for each employee of a Service Provider, to the extent such employee is
providing a service to a Service Recipient pursuant to this Agreement, the gross compensation
expense, including any benefit and/or administrative costs, applicable to such employee, based on
the ratio of the Service Provider&#146;s estimate of the time spent by the employee on behalf of the
Service Recipient divided by the total time worked by the employee.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Force Majeure Event</B>&#148; means any act of God, fire, flood, storm or explosion; any strike,
lockout or other labor disturbance; any material shortage of facilities, labor, materials or
equipment; any delay in transportation, breakdown or accident; any change in Law; any riot, war,
act of terror, rebellion or insurrection; any embargo or fuel or energy shortage; any interruption
in telecommunications or utilities services; or any other event, in each case beyond the reasonable
control of a Party and that actually prevents, hinders or delays such Party from performing its
obligations under this Agreement or the Additional Agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Loss</B>&#148; shall have the meaning assigned to it in Section&nbsp;5.08.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Newspaper Holdco</B>&#148; shall have the meaning assigned to it in the preamble.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Newspaper Holdco Business</B>&#148; means the business and operations conducted by the Newspaper
Holdco Group from time to time, whether at or after the Effective Time (as defined in the
Separation and Distribution Agreement), including the business and operations conducted by the
Newspaper Holdco Group, as more fully described in the Information Statement (as defined in the
Separation and Distribution Agreement), including, without limitation, the assets, operations,
personnel and related activities connected with the &#147;Belo Interactive Media&#148; and &#147;Belo Technology&#148;
organizations, at or after the Effective Time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Newspaper Holdco Data</B>&#148; means all data relating primarily to the Newspaper Holdco Business
(including all files, records and other Information (as defined in the Separation and Distribution
Agreement) relating primarily to the Newspaper Holdco Business that have been uploaded to Software
at any time since Belo or Newspaper Holdco began using such Software, whether uploaded prior to, on
or after the Effective Time).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Newspaper Holdco Service Providers</B>&#148; means Newspaper Holdco, its Affiliates and any third
party, in each case, to the extent such Person is providing the Newspaper Holdco Services on behalf
of Newspaper Holdco pursuant to any Schedule or Additional Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Newspaper Holdco Services</B>&#148; shall have the meaning assigned to it in the recitals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Newspaper Holdco Transition Plan</B>&#148; shall have the meaning assigned to it in Section&nbsp;2.09(b).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Party</B>&#148; or &#148;<B>Parties</B>&#148; shall have the meaning assigned to such terms in the preamble.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Prime Rate</B>&#148; means the &#147;<B>prime rate</B>&#148; published in the &#147;<B>Money Rates</B>&#148; section of <I>The Wall Street
Journal</I>. If <I>The Wall Street Journal </I>ceases to publish the &#147;<B>prime rate</B>,&#148; then the Parties shall
mutually agree to an equivalent publication that publishes such &#147;<B>prime rate</B>,&#148; and if such &#147;<B>prime
rate</B>&#148; is no longer generally published or is limited, regulated or administered by a Governmental
Authority, then a comparable interest rate index mutually agreed to by the Parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>SAS 70 Audit</B>&#148; shall have the meaning assigned to it in Section&nbsp;6.01.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Schedules</B>&#148; shall have the meaning assigned to it in the recitals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Separation and Distribution Agreement</B>&#148; shall have the meaning assigned to it in the recitals.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Service Provider</B>&#148; means the Belo Service Providers and/or the Newspaper Holdco Service
Providers, as the context requires.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Service Recipient</B>&#148; means either Belo or its Affiliates, to the extent Belo is receiving a
service from a Newspaper Holdco Service Provider, or Newspaper Holdco or its Affiliates, to the
extent Newspaper Holdco is receiving a service from a Belo Service Provider, as the context
requires.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Services</B>&#148; means the Belo Services and/or the Newspaper Holdco Services, as the context
requires.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Services Tax</B>&#148; shall have the meaning assigned to it in Section&nbsp;3.05(a)(i).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>SOX</B>&#148; means the Sarbanes-Oxley Act of 2002, as amended from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Taxing Authority</B>&#148; shall have the meaning assigned to it in Section&nbsp;3.05(a)(ii).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#147;<B>Withheld Tax</B>&#148; shall have the meaning assigned to it in Section&nbsp;3.05(e).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;1.02 <U>General Interpretive Principles</U>. (a) &nbsp;Words in the singular shall
include the plural and vice versa, and words of one gender shall include the other gender, in each
case, as the context requires, (b)&nbsp;the term &#147;<B>hereof</B>,&#148; &#147;<B>herein</B>,&#148; &#147;<B>hereunder</B>&#148; and &#147;<B>herewith</B>&#148; and
words of similar import shall, unless otherwise stated, be construed to refer to this Agreement and
not to any particular provision of this Agreement, and references to Article, Section, paragraph,
exhibit and Schedule are references to the Articles, Sections, paragraphs, exhibits and Schedules
to or delivered in connection with this Agreement unless otherwise specified, (c)&nbsp;the word
&#147;<B>including</B>&#148; and words of similar import when used in this Agreement shall mean &#147;<B>including</B>, <B>without
limitation</B>,&#148; unless otherwise specified and (d)&nbsp;any reference to any federal, state, local or
non-U.S. statute or Law shall be deemed to also refer to all rules and regulations promulgated
thereunder, unless the context otherwise requires. Unless the context requires otherwise,
references in this Agreement to &#147;Belo&#148; shall also be deemed to refer to the applicable member of
the Belo Group and to &#147;Newspaper Holdco&#148; shall also be deemed to refer to the applicable member of
the Newspaper Holdco Group.
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE II</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>SERVICES</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.01 <U>Belo Services</U>. During the term of this Agreement, Belo shall provide, or
shall cause one or more Belo Service Providers to provide, the Belo Services to Newspaper Holdco
and its applicable Affiliates, as such Belo Services are more particularly described in the
applicable Schedules or Additional Agreements, upon the terms and subject to the conditions of this
Agreement, such Schedules or such Additional Agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.02 <U>Newspaper Holdco Services</U>. During the term of this Agreement, Newspaper
Holdco shall provide, or shall cause one or more Newspaper Holdco Service Providers to provide, the
Newspaper Holdco Services to Belo and its applicable Affiliates, as such Newspaper Holdco Services
are more particularly described in the applicable Schedules or Additional Agreements, upon the
terms and subject to the conditions of this Agreement, such Schedules or such Additional
Agreements.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.03 <U>Standard of Performance for Belo Services</U>.&nbsp;&nbsp;(a) Belo shall provide, or
shall cause to be provided, the Belo Services in a manner and at a level that is substantially
similar in all material respects to the typical manner and average level at which such Belo
Services were provided to Newspaper Holdco or its Affiliates during the 12&nbsp;month period prior to
the Effective Time, except to the extent that (i)&nbsp;a different manner or level of a Belo Service is
set forth in a Schedule or an Additional Agreement, in which case such Belo Service shall be
provided in the manner and level as set forth in each such applicable Schedule or Additional
Agreement or (ii)&nbsp;such Belo Service has not been provided during the 12&nbsp;month period prior to the
Effective Time and the applicable Schedule or Additional Agreement does not set forth a manner or
level at which such Belo Service is to be provided, in which case, such Belo Service shall be
provided in a commercially reasonable manner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding Section&nbsp;2.03(a), Belo may change from time to time the manner and level at
which any Belo Service is provided to Newspaper Holdco, including, but not limited to,
discontinuing such Belo Service, to the extent that Belo is making a similar change in performing a
substantially similar service for itself or its Affiliates and if Belo provides Newspaper Holdco
substantially the same notice (in content and timing) as Belo provides itself and its Affiliates
with respect to such change (but not less than 90&nbsp;days prior notice in any case); <I>provided</I>, that,
Belo may not make any change to the manner and level at which any Belo Service is provided to
Newspaper Holdco or its Affiliates if such change would result in a violation, or cause Newspaper
Holdco or its Affiliates to be in violation, of applicable Law; <I>provided</I>, <I>further</I>, if Newspaper
Holdco can demonstrate, in accordance with the terms of this Agreement, that such change is not
commercially reasonable and Newspaper Holdco has suffered a material financial harm as a result of
such change, Belo shall be required to restore the manner and level at which such Belo Service is
provided to Newspaper Holdco to the manner and level required by Section&nbsp;2.03(a). In the event
Belo shall change the manner and level at which any Belo Service is provided to Newspaper Holdco,
the Parties shall mutually agree to any necessary adjustments to the applicable Schedule or
Additional Agreement and the applicable fees and expenses for the applicable Belo Service.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Subject to Section&nbsp;5.05, in no event shall Belo or a Belo Service Provider be liable or
accountable, in damages or otherwise, for any error of judgment or any mistake of fact or Law or
for any action or omission in connection with the provision of the Belo Services by Belo or any
Belo Service Provider that Belo or such Belo Service Provider took or refrained from taking in good
faith hereunder, except in the case of Belo&#146;s or such Belo Service Provider&#146;s intentional breach or
gross negligence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.04 <U>Standard of Performance for Newspaper Holdco Services</U>.&nbsp;&nbsp;(a) Newspaper
Holdco shall provide, or shall cause to be provided, the Newspaper Holdco Services in a manner and
at a level that is substantially similar in all material respects to the typical manner and average
level at which such Newspaper Holdco Services were provided to Belo or its Affiliates during the 12
month period prior to the Effective Time, except to the extent that (i)&nbsp;a different manner or level
of a Newspaper Holdco Service is set forth in a Schedule or Additional Agreement, in which case
such Newspaper Holdco Service shall be provided in the manner and level as set forth in each such
applicable Schedule or Additional Agreement or (ii)&nbsp;such Newspaper Holdco Service has not been
provided during the 12&nbsp;month period prior to the Effective Time and the applicable Schedule or
Additional Agreement does not set forth a manner or level at which such Newspaper Holdco Service is
to be provided, in which case, such Newspaper Holdco Service shall be provided in a commercially
reasonable manner.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Notwithstanding Section&nbsp;2.04(a), Newspaper Holdco may change from time to time the manner
and level at which any Newspaper Holdco Service is provided to Belo, including, but not limited to,
discontinuing such Newspaper Holdco Service, to the extent that Newspaper Holdco is making a
similar change in performing a substantially similar service for itself and its Affiliates or if
Newspaper Holdco provides Belo substantially the same notice (in content and timing) as Newspaper
Holdco provides itself and its Affiliates with respect to such change (but not less than 90&nbsp;days
prior notice in any case); <I>provided</I>, that, Newspaper Holdco may not make any change to the manner
and level at which any Newspaper Holdco Service is provided to Belo or its Affiliates if such
change would result in a violation, or cause Belo or its Affiliates to be in violation, of
applicable Law; <I>provided</I>, <I>further</I>, if Belo can demonstrate, in accordance with the terms of this
Agreement, that such change is not commercially reasonable and Belo has suffered a material
financial harm as a result of such change, Newspaper Holdco shall be required to restore the manner
and level at which such Newspaper Holdco Service is provided to Belo to the manner and level
required by Section&nbsp;2.04(a). In the event Newspaper Holdco shall change the manner and level at
which any Newspaper Holdco Service is provided to Belo, the Parties shall mutually agree to any
necessary adjustments to the applicable Schedule or Additional Agreement and the applicable fees
and expenses for the applicable Newspaper Holdco Service.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Subject to Section&nbsp;5.06, in no event shall Newspaper Holdco or a Newspaper Holdco Service
Provider be liable or accountable, in damages or otherwise, for any error of judgment or any
mistake of fact or Law or for any action or omission in connection with the provision of the
Newspaper Holdco Services by Newspaper Holdco or any Newspaper Holdco Service Provider that
Newspaper Holdco or such Newspaper Holdco Service Provider took or refrained from taking in good
faith hereunder, except in the case of Newspaper Holdco&#146;s or such Newspaper Holdco Service
Provider&#146;s intentional breach or gross negligence.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.05 <U>Omitted Belo Services</U>.&nbsp;&nbsp;If, from time to time during the term of this
Agreement, Newspaper Holdco determines that the provision of an additional service is reasonably
necessary to enable Newspaper Holdco and its Affiliates to operate on a stand-alone basis, and such
service (whether or not then currently being provided) is not included in a Schedule or an
Additional Agreement (such service, including, without limitation the right to use, or the use of,
any Asset (as defined in the Separation and Distribution Agreement) in connection with such
service, hereinafter referred to as an &#147;<B>Additional Belo Service</B>&#148;), then Newspaper Holdco may give
written notice thereof to Belo in accordance with Section&nbsp;8.01 hereof. Upon receipt of such notice
by Belo, if Belo is willing to provide such Additional Belo Service (and it shall be under no
obligation to do so), the Parties will negotiate in good faith a new Schedule or Additional
Agreement setting forth the Additional Belo Service, the terms and conditions (including any
service level requirements) for the provision of such Additional Belo Service and the fees payable
by Newspaper Holdco for such Additional Belo Service, such fees to be consistent with the business
purposes of the Parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.06 <U>Omitted Newspaper Holdco Services</U>.&nbsp;&nbsp;If, from time to time during the term
of this Agreement, Belo determines that the provision of an additional service is reasonably
necessary to enable Belo and its Affiliates to operate on a stand-alone basis, and such service
(whether or not then currently being provided) is not included in a Schedule or an Additional
Agreement (such service, including, without limitation, the right to use, or the use of, any Asset
in connection with such service, herein after referred to as an &#147;<B>Additional Newspaper Holdco
Service</B>&#148;), then Belo may give written notice thereof to Newspaper Holdco in accordance with
Section&nbsp;8.01 hereof. Upon receipt of such notice by Newspaper Holdco, if Newspaper Holdco is
willing to provide the Additional Newspaper Holdco Service (and it shall be under no obligation to
do so), the Parties will negotiate in good faith a new Schedule or Additional Agreement setting
forth the Additional Newspaper Holdco Service, the terms and conditions (including any service
level requirements) for the provision of such Additional Newspaper Holdco Service and the fees
payable by Belo for such Additional Newspaper Holdco Service, such fees to be consistent with the
business purposes of the Parties.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.07 <U>Interruption of Services</U>.&nbsp;&nbsp;(a) If, due to a Force Majeure Event, Belo or
a Belo Service Provider is unable, wholly or partially, to perform its obligations hereunder or
under any Additional Agreement, then Belo shall be relieved of liability and shall suffer no
prejudice for failing to perform or comply during the continuance and to the extent of such whole
or partial inability to perform its obligations hereunder or thereunder so caused by such Force
Majeure Event; <I>provided</I>, <I>that</I>, (i)&nbsp;Belo gives Newspaper Holdco prompt notice, written or oral (but
if oral, promptly confirmed in writing) of such whole or partial inability to perform its
obligations hereunder or thereunder and a reasonably detailed description of the cause thereof and
(ii)&nbsp;in the event such whole or partial inability to perform its obligations hereunder or
thereunder is a result of Belo&#146;s or such Belo Service Provider&#146;s capacity or similar limitations,
with respect to the allocation of such limited resources, where feasible, Newspaper Holdco and its
Affiliates shall be treated no less favorably by Belo or such Belo Service Provider than Belo or
any Affiliate of Belo. If Belo fails to promptly give notice of such Force Majeure Event, then Belo
shall only be relieved from such performance or compliance from and after the giving of such
notice. Belo shall, or shall cause the applicable Belo Service Provider to, use its commercially
reasonable efforts to remedy the situation caused by such Force Majeure Event and remove, so far as
possible and with reasonable timeliness, the cause of its inability to
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">perform or comply. Belo shall give Newspaper Holdco prompt notice of the cessation of the
Force Majeure Event.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;If, due to a Force Majeure Event, Newspaper Holdco or a Newspaper Holdco Service Provider
is unable, wholly or partially, to perform its obligations hereunder or under any Additional
Agreement, then Newspaper Holdco shall be relieved of liability and shall suffer no prejudice for
failing to perform or comply during the continuance and to the extent of such whole or partial
inability to perform its obligations hereunder or thereunder so caused by such Force Majeure Event;
<I>provided</I>, <I>that</I>, (i)&nbsp;Newspaper Holdco gives Belo prompt notice, written or oral (but if oral,
promptly confirmed in writing) of such whole or partial inability to perform its obligations
hereunder or thereunder and a reasonably detailed description of the cause thereof and (ii)&nbsp;in the
event such whole or partial inability to perform its obligations hereunder or thereunder is a
result of Newspaper Holdco&#146;s or such Newspaper Holdco Service Provider&#146;s capacity or similar
limitations, with respect to the allocation of such limited resources, where feasible, Belo and its
Affiliates shall be treated no less favorably by Newspaper Holdco or such Newspaper Holdco Service
Provider than Newspaper Holdco or any Affiliate of Newspaper Holdco. If Newspaper Holdco fails to
promptly give notice of such Force Majeure Event, then Newspaper Holdco shall only be relieved from
such performance or compliance from and after the giving of such notice. Newspaper Holdco shall, or
shall cause the applicable Newspaper Holdco Service Provider to, use its commercially reasonable
efforts to remedy the situation caused by such Force Majeure Event and remove, so far as possible
and with reasonable timeliness, the cause of its inability to perform or comply. Newspaper Holdco
shall give Belo prompt notice of the cessation of the Force Majeure Event.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.08 <U>Access</U>.&nbsp;&nbsp;(a) Newspaper Holdco shall, and shall cause its applicable
Affiliates to, make available on a timely basis to each Belo Service Provider such Information
reasonably requested by such Belo Service Provider to enable such Belo Service Provider to provide
the Belo Services. Newspaper Holdco shall, and shall cause its applicable Affiliates to, provide to
the Belo Service Providers reasonable access to the premises of Newspaper Holdco and such
Affiliates and the systems, Software and networks located therein, to the extent necessary for the
purpose of providing the Belo Services. In connection with such availability and access, Belo shall
ensure that it and the other Belo Service Providers comply with applicable Law and Newspaper
Holdco&#146;s security, confidentiality and other policies and procedures, as may be provided to Belo by
Newspaper Holdco in writing from time to time.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Belo shall, and shall cause its applicable Affiliates to, make available on a timely basis
to each Newspaper Holdco Service Provider such Information reasonably requested by such Newspaper
Holdco Service Provider to enable such Newspaper Holdco Service Provider to provide the Newspaper
Holdco Services. Belo shall, and shall cause its applicable Affiliates to, provide to the Newspaper
Holdco Service Providers reasonable access to the premises of Belo and such Affiliates and the
systems, Software and networks located therein, to the extent necessary for the purpose of
providing the Newspaper Holdco Services. In connection with such availability and access, Newspaper
Holdco shall ensure that it and the other Newspaper Holdco Service Providers comply with applicable
Law and Belo&#146;s security, confidentiality and other policies and procedures, as may be provided to
Newspaper Holdco by Belo in writing from time to time.
</DIV>

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<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;2.09 <U>Transition of Responsibilities</U>.&nbsp;&nbsp;(a) Unless otherwise agreed with
respect to specific services, each Party agrees to use its commercially reasonable efforts to
reduce or eliminate its and its Affiliates&#146; dependency on each Service as soon as is reasonably
practicable. Belo agrees to cooperate with Newspaper Holdco to facilitate the smooth transition of
responsibility for the Belo Services to Newspaper Holdco or any third party. Newspaper Holdco
agrees to cooperate with Belo to facilitate the smooth transition of responsibility for the
Newspaper Holdco Services to Belo or any third party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In furtherance of Section&nbsp;2.09(a), Belo and Newspaper Holdco will work in good faith to
prepare a plan for Newspaper Holdco to assume responsibility or eliminate the need for the
provision of any particular Belo Service that is intended to be provided on only a short-term basis
(the &#147;<B>Newspaper Holdco Transition Plan</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;In furtherance of Section&nbsp;2.09(a), Belo and Newspaper Holdco will work in good faith to
prepare a plan for Belo to assume responsibility or eliminate the need for the provision of any
particular Newspaper Holdco Service that is intended to be provided on only a short-term basis (the
&#147;<B>Belo Transition Plan</B>&#148;).
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE III</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>FEES AND EXPENSES</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.01 <U>Fees and Expenses</U>.&nbsp;&nbsp;The fees and expenses for each of the Services to be
provided hereunder are set forth in each Schedule or Additional Agreement.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.02 <U>Billing and Payment; No Set-off</U>.&nbsp;&nbsp;Amounts payable in respect of Services
under this Agreement shall be invoiced to the Party receiving such Services monthly in arrears and
paid to the Party providing such Services, as directed by such providing Party, which amounts shall
be due within 45&nbsp;days after the date of invoice. All amounts due and payable hereunder shall be
invoiced and, except as set forth in any Schedule or in any Additional Agreement, paid in U.S.
dollars without offset, set-off, deduction or counterclaim, however arising, unless the Parties
agree otherwise.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.03 <U>Additional Costs</U>.&nbsp;&nbsp;(a) Newspaper Holdco shall reimburse Belo for the
costs designated in each Schedule and Additional Agreement as reimbursable by Newspaper Holdco. If
it is necessary for Belo or any Belo Service Provider to incur any additional costs in connection
with the provision of the Belo Services, Belo shall inform Newspaper Holdco of such need before any
such additional cost is incurred. Upon mutual written agreement of Newspaper Holdco and Belo, as to
the necessity of any such increase, Newspaper Holdco shall advance, or shall cause to be advanced,
to Belo an amount equal to the estimated costs and expenses to be reasonably incurred in connection
therewith. If the actual costs and expenses incurred by Belo or such Belo Service Provider are
greater than the estimated costs, the necessity of increased costs shall again be subject to the
mutual written agreement of the Parties, and if the Parties cannot agree, Belo shall return the
advance of estimated costs to the extent not previously expended by Belo in connection with the
provision of such Belo Service. If the actual costs and expenses incurred by Belo or such Belo
Service Provider are less than the estimated costs and expenses,
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Belo shall repay, to Newspaper Holdco, the difference between the actual and estimated costs
and expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Belo shall reimburse Newspaper Holdco for the costs designated in each Schedule and
Additional Agreement as reimbursable by Belo. If it is necessary for Newspaper Holdco or any
Newspaper Holdco Service Provider to incur any additional costs in connection with the provision of
the Newspaper Holdco Services, Newspaper Holdco shall inform Belo of such need before any such
additional cost is incurred. Upon mutual written agreement of Belo and Newspaper Holdco, as to the
necessity of any such increase, Belo shall advance, or shall cause to be advanced, to Newspaper
Holdco an amount equal to the estimated costs and expenses to be reasonably incurred in connection
therewith. If the actual costs and expenses incurred by Newspaper or such Newspaper Service
Provider are greater than the estimated costs, the necessity of increased costs shall again be
subject to the mutual written agreement of the Parties, and if the Parties cannot agree, Newspaper
Holdco shall return the advance of estimated costs to the extent not previously expended by
Newspaper Holdco in connection with the provision of such Newspaper Holdco Service. If the actual
costs and expenses incurred by Newspaper or such Newspaper Service Provider are less than the
estimated costs and expenses, Newspaper Holdco shall repay, to Belo, the difference between the
actual and estimated costs and expenses.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.04 <U>Late Payments</U>.&nbsp;&nbsp;Late payments shall bear interest at a rate per annum
equal to the Prime Rate plus 2%; provided, however, no amount due under this Agreement shall be
considered late unless such amount remains unpaid 90&nbsp;days following the date of invoice.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;3.05 <U>Taxes</U>.&nbsp;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;<U>Separate Statement</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The fees and expenses set forth in the Schedules or Additional Agreements and to be
paid for the services provided pursuant to this Agreement or any Additional Agreement do not
include any amount of sales, use, excise, gross receipts, value added, goods and services,
or any other transaction or revenue based taxes applicable to the provision of the Services
(each such tax, together with any applicable interest, penalties, or additions to tax
imposed with respect to such tax, a &#147;<B>Services Tax</B>&#148;).
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Service Provider shall separately state and identify in the invoices, usage
reports, and/or descriptive materials provided (electronically or otherwise) to the Service
Recipient any amount of Services Taxes that the Service Provider undertakes to collect from
the Service Recipient and remit the Services Taxes collected to the appropriate Governmental
Authority or other authority responsible for the collection of such Services Taxes (each a
&#147;<B>Taxing Authority</B>&#148;).
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>Good Faith Collection and Identification</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Service Provider shall act in good faith to collect from the Service Recipient
and remit to the appropriate Taxing Authority those Services Taxes imposed by the
jurisdictions in which the Service Provider is subject to taxation based on the Services
provided; <I>provided</I>, <I>however</I>, that the delivery by the Service Recipient to the Service
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">Provider of a resale certificate, exemption certificate, or self-pay permit shall be
deemed to be the equivalent of good faith collection and remission.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Service Provider shall act in good faith to describe the services rendered
pursuant to this Agreement or any Additional Agreement in the invoices, usage reports,
and/or descriptive materials provided (electronically or otherwise) to the Service Recipient
with specificity sufficient to determine the applicability of Services Taxes.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Service Recipient, pursuant to this Agreement or any Additional Agreement,
shall act in good faith to identify the physical location and taxing jurisdictions in which
its receives the benefit of the Services provided in the purchase orders, usage reports,
and/or descriptive materials provided (electronically or otherwise) to the Service Provider
to determine the applicability of Services Taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Indemnification</U>.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The Service Recipient, pursuant to this Agreement or any Additional Agreement,
shall be solely liable for the payment of any Services Tax applicable to such receipt,
without regard to the identity of the Party on whom the Liability for the Services Tax is
imposed by statute, regulation, or otherwise, unless the payment of such Services Tax by the
Service Recipient is prohibited by Law.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) It is the sole responsibility of the Service Recipient pursuant to this
Agreement, to provide the Service Provider with all geographic and jurisdictional
Information necessary to determine the Services Taxes applicable to the provision of
Services under this Agreement, and any failure to provide such Information shall
relieve the Service Provider from responsibility for any act or failure to act
resulting in the imposition of an incorrect amount of Services Tax or otherwise
avoidable multiple impositions of Services Tax.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) The failure of the Service Provider to separately state, collect, and/or
remit any applicable Services Tax shall not relieve the Service Recipient, pursuant
to this Agreement or any Additional Agreement, from Liability for the payment of any
applicable Services Tax.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Except to the extent of the Service Provider&#146;s intentional breach or gross
negligence, the Service Recipient shall indemnify and hold the Service Provider harmless
from any Liability arising from any failure to separately state, collect, and/or remit any
applicable Services Tax, plus any reasonable costs, fees, and expenses incurred by the
Service Provider in the defense of such Liability.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The Service Provider shall have no Liability for any over-collection of Services
Taxes from the Service Recipient, pursuant to this Agreement, that are remitted to a Taxing
Authority as long as such over-collection was made in good faith; provided, however, that if
the Service Provider is a necessary party to the filing of a claim for the refund of any
over-collected Services Taxes, then the Service Provider shall reasonably cooperate with the
Service Recipient pursuant to this Agreement in the preparation and filing of the such
refund claim.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) No Limitation on Liability.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A) Any other provision of this Agreement or any Additional Agreement to the
contrary notwithstanding, the indemnification provided pursuant to this
Section&nbsp;3.05(c) shall not be subject to or included in the computation of the
maximum liability limitation set forth in either Section&nbsp;5.07(a) or Section&nbsp;5.07(b)
of this Agreement.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 4%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Any other provision of this Agreement or any Additional Agreement to the
contrary notwithstanding, the indemnification provided pursuant to this
Section&nbsp;3.05(c) shall not be subject to the restriction on incidental,
consequential, and punitive damages set forth in Section&nbsp;5.07(c) of this Agreement
to the extent that such damages are imposed by or arise as a result of the
collection of a Services Tax by a Taxing Authority.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;This Agreement contemplates that the legal relationship between the Service Provider and
the Service Recipient may vary with the services being provided and that a Service Provider may be
simultaneously acting in one or more of the following capacities: (i)&nbsp;purchasing agent,
(ii)&nbsp;reseller and/or (iii)&nbsp;provider of services.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) In the event the Service Provider purchases services from a third-party provider
for use and consumption by the Service Recipient &#147;as acquired&#148; and the contractual
relationship with the third-party provider allows for the purchase of the services by both
Parties, the Service Provider shall be the appointed purchasing agent of the Service
Recipient and the administration of the Services Taxes shall reflect such agency
relationship.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) In the event the Service Provider purchases services from a third-party provider
for use and consumption by the Service Recipient &#147;as acquired&#148; and the contractual
relationship with the third-party provider does not allow for the purchase of the services
by both of the Parties, the Service Provider shall resell the services to the Service
Recipient and the administration of the Services Taxes shall reflect such reseller
relationship.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) In the event the Service Provider either (i)&nbsp;modifies services acquired from a
third-party provider for delivery of Services to the Service Recipient, (ii)&nbsp;incorporates
services acquired from a third-party provider into Services for delivery to the Service
Recipient, or (iii)&nbsp;provides Services to the Service Recipient without the purchase of
services acquired from a third-party provider, the Service Provider shall be deemed to be
the provider of the services and the administration of the Services Taxes shall reflect such
provision of services by the Service Provider.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;Each Party shall withhold and pay over to the Governmental Authority responsible for the
collection of any amount of income tax or other assessment, charge, regulatory fee or other amount
required by Law to be withheld from payments made to the other Party pursuant to this Agreement or
any Additional Agreement (the &#147;<B>Withheld Tax</B>&#148; ), and the
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Withheld Tax shall be credited to the account of the Party from whose payment the Withheld Tax
was withheld.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;Any other provision of this Agreement or any Additional Agreement to the contrary
notwithstanding, no Party shall be responsible for any taxes imposed on the other Party measured by
income, capital, or resulting from the existence or general Business operations of the other Party
other than those resulting from an indemnified Loss including, but not limited to, any amount of
Withheld Tax.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g)&nbsp;It is hereby acknowledged that a Service Provider may pay Services Taxes to a Taxing
Authority or a third-party vendor and such Service Provider may not be capable of identifying or
communicating Information regarding such payment to the Service Recipient. The Parties shall
cooperate to identify purchases on which Services Taxes have been previously paid or remitted to
reduce the occurrence of any over-collection of such Services Taxes.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h)&nbsp;Subject to Sections&nbsp;5.10 and 8.09, the Parties agree to and shall, from time to time, do
and perform such other and further acts, and execute and deliver any and all such other and further
instruments as may be required by Law or reasonably requested by the other Party to establish,
maintain, and protect the respective rights and remedies of the other Party as provided in this
Agreement with respect to Services Taxes and Withheld Taxes.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE IV</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>CONFIDENTIALITY</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;4.01 <U>Confidentiality Obligations</U>.&nbsp;&nbsp;(a) Each Party acknowledges (i)&nbsp;that such
Party has in its possession and in connection with the provision of Services hereunder, such Party
will receive Information of the other Party that is not available to the general public, and
(ii)&nbsp;that such Information may constitute, contain or include material non-public Information of
the other Party. Subject to Section&nbsp;4.01(c), Belo, on behalf of itself and each of its Affiliates,
and Newspaper Holdco, on behalf of itself and each of its Affiliates, agrees to hold, and to cause
its respective directors, officers, employees, agents, third party contractors, vendors, Service
Providers, accountants, counsel and other advisors and representatives to hold, in strict
confidence, with at least the same degree of care that such Party applies to its own confidential
and proprietary Information pursuant to its applicable policies and procedures in effect as of the
Effective Time, all Information concerning the other Party (or its Business) and such other Party&#146;s
Affiliates (or their respective Businesses) that is either in its possession (including Information
in its possession prior to the Effective Time) or furnished by the other Party or the other Party&#146;s
Affiliates or their respective directors, officers, employees, agents, third party contractors,
vendors, Service Providers, accountants, counsel and other advisors and representatives at any time
pursuant to this Agreement or any Additional Agreement, and will not use such Information other
than for such purposes as may be expressly permitted hereunder or thereunder, except, in each case,
to the extent that such Information: (i)&nbsp;is or becomes available to the general public, other than
as a result of a disclosure by such Party or its Affiliates or any of their respective directors,
officers, employees, agents, third party contractors, vendors, Service Providers, accountants,
counsel and other advisors and representatives in breach of this Agreement or any Additional
Agreement; (ii)&nbsp;was available to such Party or its Affiliates or
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">becomes available to such Party or its Affiliates, on a non-confidential basis from a source
other than the other Party hereto; provided, that, the source of such Information was not bound by
a confidentiality obligation with respect to such Information, or otherwise prohibited from
transmitting the Information to such Party or its Affiliates by a contractual, legal or fiduciary
obligation; or (iii)&nbsp;is independently generated by such Party without use of or reference to any
proprietary or confidential Information of the other Party.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;<U>No Release, Compliance with Law, Return or Destruction</U>.&nbsp;&nbsp;Each Party agrees not to
release or disclose, or permit to be released or disclosed, any such Information to any other
Person, except its directors, officers, employees, agents, third party contractors, vendors,
Service Providers, accountants, counsel, lenders, investors and other advisors and representatives
who need to know such Information in order to provide the Services pursuant to this Agreement, and
except in compliance with Section&nbsp;4.01(c). Notwithstanding anything herein to the contrary, each
Party shall advise its directors, officers, employees, agents, third party contractors, vendors,
Service Providers, accountants, counsel, lenders, investors and other advisors and representatives
who have been provided with such Information of such Party&#146;s confidentiality obligations hereunder
and that such Information may constitute, contain or include material non-public Information of the
other Party. Each Party shall, and shall cause, its directors, officers, employees, agents, third
party contractors, vendors, Service Providers, accountants, counsel, lenders, investors and other
advisors and representatives who have been provided with such Information to use such Information
only in accordance with (i)&nbsp;the terms of this Agreement or any Additional Agreement and
(ii)&nbsp;applicable Law (including federal and state securities Laws). Each Party shall promptly, after
receiving a written request of the other Party, return to the other Party all such Information in a
tangible form (including all copies thereof and all notes, extracts or summaries based thereon) or
certify to the other Party that it has destroyed such Information (and such copies thereof and such
notes, extracts or summaries based thereon), as directed by the other Party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;<U>Protective Arrangements</U>.&nbsp;&nbsp;Notwithstanding anything herein to the contrary, in the
event that either Party or any of its directors, officers, employees, agents, third party
contractors, vendors, Service Providers, accountants, counsel, lenders, investors and other
advisors and representatives either determines on the advice of its counsel that it is required to
disclose any Information pursuant to applicable Law or the rules or regulations of a Governmental
Authority or receives any demand under lawful process or from any Governmental Authority to
disclose or provide Information of the other Party that is subject to the confidentiality
provisions hereof, such Party shall, if possible, notify the other Party prior to disclosing or
providing such Information and shall cooperate at the expense of the requesting Party in seeking
any reasonable protective arrangements requested by such other Party. In the event that a
protective arrangement is not timely obtained, the Person that received such request (i)&nbsp;may
thereafter disclose or provide such Information to the extent required by such Law (as so advised
by counsel in a written opinion) or by lawful process or such Governmental Authority, without
liability therefor and (ii)&nbsp;shall exercise its commercially reasonable efforts to have confidential
treatment accorded any such Information so furnished.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE V</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>NO WARRANTY; LIMITATION OF LIABILITY; INDEMNIFICATION;<BR>
ESCALATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.01 <U>Warranties and Disclaimer of Warranty by Belo</U>.&nbsp;&nbsp;(a) Belo represents and
warrants to Newspaper Holdco as of the date hereof and at all times during which the Belo Services
are provided to Newspaper Holdco, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to the receipt of any required Consents, neither the provision of the Belo
Services by any Belo Service Provider, nor the receipt or use thereof by Newspaper Holdco in
accordance with the terms and conditions hereof or of any Additional Agreement, shall
breach, violate, infringe upon or constitute misappropriation of any Intellectual Property
right of any Person. Subject to the terms and conditions hereof, of the Separation and
Distribution Agreement, of the other Ancillary Agreements and of the Additional Agreements,
the provision of the Belo Services will not confer on Newspaper Holdco any Intellectual
Property rights, except as explicitly provided herein or therein.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Belo Services will be performed in a timely manner consistent with this
Agreement, as each individual Schedule or Additional Agreement may require, by qualified
individuals with appropriate subject matter expertise, in a professional and workmanlike
manner, conforming to generally accepted industry standards and practices applicable to each
individual Schedule or Additional Agreement and in strict accordance with all applicable
Laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT OR IN ANY ADDITIONAL AGREEMENT, THE BELO
SERVICES TO BE PURCHASED UNDER THIS AGREEMENT OR IN ANY ADDITIONAL AGREEMENT ARE PROVIDED AS IS,
WHERE IS, WITH ALL FAULTS, AND WITHOUT WARRANTY OR CONDITION OF ANY KIND, EXPRESS OR IMPLIED,
INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR ANY OTHER
WARRANTY WHATSOEVER.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.02 <U>Warranties and Disclaimer of Warranty by Newspaper Holdco</U>. (a)&nbsp;Newspaper
Holdco represents and warrants to Belo as of the date hereof and at all times during which the
Newspaper Holdco Services are provided to Belo, that:
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to the receipt of any required Consents, neither the provision of the
Newspaper Holdco Services by any Newspaper Holdco Service Provider, nor the receipt or use
thereof by Belo in accordance with the terms and conditions hereof or of any Additional
Agreement, shall breach, violate, infringe upon or constitute misappropriation of any
Intellectual Property right of any Person. Subject to the terms and conditions hereof, of
the Separation and Distribution Agreement, of the other Ancillary Agreements and of the
Additional Agreements, the provision of the Newspaper Holdco Services will not confer on
Belo any Intellectual Property rights, except as explicitly provided herein or therein.
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<DIV align="left" style="font-size: 10pt; margin-top: 6pt; margin-left: 2%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The Newspaper Holdco Services will be performed in a timely manner consistent with
this Agreement, as each individual Schedule or Additional Agreement may require, by
qualified individuals with appropriate subject matter expertise, in a professional and
workmanlike manner, conforming to generally accepted industry standards and practices
applicable to each individual Schedule or Additional Agreement and in strict accordance with
all applicable Laws.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;EXCEPT AS EXPRESSLY SET FORTH IN THIS AGREEMENT OR IN ANY ADDITIONAL AGREEMENT, THE
NEWSPAPER HOLDCO SERVICES TO BE PURCHASED UNDER THIS AGREEMENT OR IN ANY ADDITIONAL AGREEMENT ARE
PROVIDED AS IS, WHERE IS, WITH ALL FAULTS, AND WITHOUT WARRANTY OR CONDITION OF ANY KIND, EXPRESS
OR IMPLIED, INCLUDING ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR ANY PARTICULAR PURPOSE OR ANY
OTHER WARRANTY WHATSOEVER.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.03 <U>Third Parties and Belo Services</U>.&nbsp;&nbsp;(a) Belo and Newspaper Holdco shall
cooperate to obtain all required Consents sufficient to enable the Belo Service Providers to
perform the Belo Services in accordance with this Agreement or any Additional Agreement for any
third party Software or other Intellectual Property related to the provision of the Belo Services;
provided, that, Belo shall not be required to incur any out-of-pocket costs in connection
therewith. Newspaper Holdco will cooperate with Belo in obtaining all such required Consents
related to the provision of the Belo Services and Newspaper Holdco shall bear any out-of-pocket
costs incurred in connection therewith, provided, further, that Newspaper Holdco shall only be
required to reimburse Belo for those expenses incurred by Belo that Newspaper Holdco has previously
approved in writing. In the event that any such Consent is not obtained, then, unless and until
such Consent is obtained, during the term of the applicable Schedule or as specified in an
Additional Agreement, the Parties shall cooperate with each other in achieving a reasonable
alternative arrangement with respect to such third party Software or Intellectual Property for
Newspaper Holdco to continue to process its work and for the Belo Service Providers to perform the
Belo Services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Nothing contained in this Agreement shall preclude Newspaper Holdco from enforcing any
rights or benefits available to it or Belo, or availing itself of any rights or defenses available
to it or Belo under any third party agreement pursuant to which Belo Services are being provided to
Newspaper Holdco.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.04 <U>Third Parties and Newspaper Holdco Services</U>.&nbsp;&nbsp;(a) Belo and Newspaper
Holdco shall cooperate to obtain all required Consents sufficient to enable the Newspaper Holdco
Service Providers to perform the Newspaper Holdco Services in accordance with this Agreement or any
Additional Agreement for any third party Software or other Intellectual Property related to the
provision of the Newspaper Holdco Services; provided, that, Newspaper Holdco shall not be required
to incur any out-of-pocket costs in connection therewith. Belo will cooperate with Newspaper
Holdco in obtaining all such required Consents related to the provision of the Newspaper Holdco
Services and shall bear any out-of-pocket costs in connection therewith; provided, further, that
Belo shall only be required to reimburse Newspaper Holdco for those expenses incurred by Newspaper
Holdco that Belo has previously approved in writing. In the event that any such Consent is not
obtained, then, unless and until such Consent
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">is obtained, during the term of the applicable Schedule or as specified in an Additional
Agreement, the Parties shall cooperate with each other in achieving a reasonable alternative
arrangement with respect to such third party Software or Intellectual Property for Belo to continue
to process its work and for the Newspaper Holdco Service Providers to perform the Newspaper Holdco
Services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Nothing contained in this Agreement shall preclude Belo from enforcing any rights or
benefits available to it or Newspaper Holdco, or availing itself of any rights or defenses
available to it or Newspaper Holdco under any third party agreement pursuant to which Newspaper
Holdco Services are being provided to Belo.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.05 <U>Obligation to Re-perform Belo Services</U>.&nbsp;&nbsp;In the event of any breach of
this Agreement or any Additional Agreement by Belo or any other Belo Service Provider with respect
to any failure by Belo or a Belo Service Provider, as applicable, to provide any Belo Service in
accordance with the terms of this Agreement or any Additional Agreement, Belo shall, or shall cause
the applicable Belo Service Provider to, correct in all material respects such failure, error or
defect or re-perform in all material respects such Belo Service at the request of Newspaper Holdco
and at the expense of Belo. To be effective, any such request by Newspaper Holdco must (i)&nbsp;specify
in reasonable detail the particular failure, error or defect and (ii)&nbsp;be made no more than 90&nbsp;days
from the date such error or defect was discovered by Newspaper Holdco or should have been
discovered by Newspaper Holdco after reasonable inquiry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.06 <U>Obligation to Re-perform Newspaper Holdco Services</U>.&nbsp;&nbsp;In the event of any
breach of this Agreement or any Additional Agreement by Newspaper Holdco or any other Newspaper
Holdco Service Provider with respect to any failure by Newspaper Holdco or a Newspaper Holdco
Service Provider, as applicable, to provide any Newspaper Holdco Service in accordance with the
terms of this Agreement or any Additional Agreement, Newspaper Holdco shall, or shall cause the
applicable Newspaper Holdco Service Provider to, correct in all material respects such failure,
error or defect or re-perform in all material respects such Newspaper Holdco Service at the request
of Belo and at the expense of Newspaper Holdco. To be effective, any such request by Belo must
(i)&nbsp;specify in reasonable detail the particular failure, error or defect and (ii)&nbsp;be made no more
than 90&nbsp;days from the date such error or defect was discovered by Belo or should have been
discovered by Belo after reasonable inquiry.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.07 <U>Limitation of Liability</U>.&nbsp;&nbsp;NOTWITHSTANDING ANYTHING HEREIN TO THE
CONTRARY:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;EXCEPT FOR ANY LIABILITIES THAT MAY BE INCURRED UNDER SECTION 3.05(c), THE MAXIMUM
LIABILITY OF BELO TO, AND (EXCEPT AS SET FORTH IN SECTION 5.05) THE SOLE REMEDY OF, NEWSPAPER
HOLDCO AND ITS AFFILIATES (AND THEIR RESPECTIVE DIRECTORS, OFFICERS, AGENTS, VENDORS, NEWSPAPER
HOLDCO SERVICE PROVIDERS AND EMPLOYEES) WITH RESPECT TO ANY AND ALL CLAIMS ARISING IN CONNECTION
WITH THE PROVISION OF THE BELO SERVICES BY BELO OR ANY BELO SERVICE PROVIDER, REGARDLESS OF THE
THEORY UPON WHICH THE LIABILITY IS PREMISED, SHALL NOT EXCEED THE GROSS FEES RECEIVED BY BELO OR
THE BELO SERVICE PROVIDER WITH RESPECT TO THE PROVISION OF THE BELO SERVICES TO WHICH SUCH CLAIM
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">RELATES IN THE MONTHLY PERIODS IN WHICH THE ACTION OR OMISSION OF BELO THAT GAVE RISE TO SUCH
CLAIM OCCURRED OR WAS PENDING;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;EXCEPT FOR ANY LIABILITIES THAT MAY BE INCURRED UNDER SECTION 3.05(c), THE MAXIMUM
LIABILITY OF NEWSPAPER HOLDCO TO, AND (EXCEPT AS SET FORTH IN SECTION 5.06) THE SOLE REMEDY OF,
BELO AND ITS AFFILIATES (AND THEIR RESPECTIVE DIRECTORS, OFFICERS, AGENTS, VENDORS, BELO SERVICE
PROVIDERS AND EMPLOYEES) WITH RESPECT TO ANY AND ALL CLAIMS ARISING IN CONNECTION WITH THE
PROVISION OF THE NEWSPAPER HOLDCO SERVICES BY NEWSPAPER HOLDCO OR ANY OTHER NEWSPAPER HOLDCO
SERVICE PROVIDER, REGARDLESS OF THE THEORY UPON WHICH THE LIABILITY IS PREMISED, SHALL NOT EXCEED
THE GROSS FEES RECEIVED BY NEWSPAPER HOLDCO OR THE NEWSPAPER HOLDCO SERVICE PROVIDER WITH RESPECT
TO THE PROVISION OF THE NEWSPAPER HOLDCO SERVICES TO WHICH SUCH CLAIM RELATES IN THE MONTHLY
PERIODS IN WHICH THE ACTION OR OMISSION OF NEWSPAPER HOLDCO THAT GAVE RISE TO SUCH CLAIM OCCURRED
OR WAS PENDING;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;EXCEPT FOR ANY LIABILITIES THAT MAY BE INCURRED UNDER SECTION 3.05(c), IN NO EVENT SHALL
EITHER PARTY BE LIABLE TO THE OTHER PARTY OR ITS AFFILIATES (OR THEIR RESPECTIVE DIRECTORS,
OFFICERS, AGENTS, SERVICE PROVIDERS OR EMPLOYEES) FOR INCIDENTAL, CONSEQUENTIAL OR PUNITIVE DAMAGES
IN CONNECTION WITH THE PERFORMANCE OF THIS AGREEMENT, EVEN IF THE PARTY HAS BEEN ADVISED OF THE
POSSIBILITY OF SUCH DAMAGES, AND EACH PARTY HEREBY WAIVES ON BEHALF OF ITSELF, ITS AFFILIATES AND
THEIR RESPECTIVE DIRECTORS, OFFICERS, AGENTS, SERVICE PROVIDERS AND EMPLOYEES ANY CLAIM FOR SUCH
DAMAGES INCLUDING ANY CLAIM FOR PROPERTY DAMAGE OR LOST PROFITS, WHETHER ARISING IN CONTRACT, TORT
OR OTHERWISE;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;IN NO EVENT SHALL BELO BE LIABLE FOR THE ACTS OR OMISSIONS OF THIRD PARTY BELO SERVICE
PROVIDERS TO THE EXTENT THAT BELO HAS EMPLOYED COMMERCIALLY REASONABLE EFFORTS TO INDUCE OR CAUSE
SUCH THIRD PARTY BELO SERVICE PROVIDERS TO PROVIDE THE BELO SERVICES IN ACCORDANCE WITH THE MANNER
AND LEVELS AGREED TO HEREUNDER; AND
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;IN NO EVENT SHALL NEWSPAPER HOLDCO BE LIABLE FOR THE ACTS OR OMISSIONS OF THIRD PARTY
NEWSPAPER HOLDCO SERVICE PROVIDERS TO THE EXTENT THAT NEWSPAPER HOLDCO HAS EMPLOYED COMMERCIALLY
REASONABLE EFFORTS TO INDUCE OR CAUSE SUCH THIRD PARTY NEWSPAPER HOLDCO SERVICE PROVIDERS TO
PROVIDE THE NEWSPAPER HOLDCO SERVICES IN ACCORDANCE WITH THE MANNER AND LEVELS AGREED TO HEREUNDER.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.08 <U>Belo Indemnity</U>.&nbsp;&nbsp;Subject to the limitations set forth in Section&nbsp;5.07,
Belo shall indemnify and hold harmless Newspaper Holdco and its Affiliates (and their respective
directors, officers, agents, Newspaper Holdco Service Providers and employees) from and against any
and all claims, demands, complaints, damages, losses, liabilities, costs or expenses
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">(each of the foregoing, a &#147;<B>Loss</B>&#148;) arising out of, relating to or in connection with (i)&nbsp;any
Action that determined that the provision by any Belo Service Provider and/or the receipt by
Newspaper Holdco or its Affiliates of any Belo Service infringes upon or misappropriates the
Intellectual Property of any third party, to the extent that any such Loss is determined to have
resulted from Belo&#146;s or such Belo Service Provider&#146;s intentional breach or gross negligence, or
(ii)&nbsp;any action or omission by Newspaper Holdco or a Newspaper Holdco Service Provider in providing
the Newspaper Holdco Services hereunder, except to the extent any such Loss arises from Newspaper
Holdco&#146;s or such Newspaper Holdco Service Provider&#146;s intentional breach or gross negligence.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.09 <U>Newspaper Holdco Indemnity</U>.&nbsp;&nbsp;Subject to the limitations set forth in
Section&nbsp;5.07, Newspaper Holdco shall indemnify and hold harmless Belo and its Affiliates (and their
respective directors, officers, agents, Belo Service Providers and employees) from and against any
and all Losses arising out of, relating to or in connection with (i)&nbsp;any Action that determined
that the provision by any Newspaper Holdco Service Provider and/or the receipt by Belo or its
Affiliates of any Newspaper Holdco Service infringes upon or misappropriates the Intellectual
Property of any third party, to the extent that any such Loss is determined to have resulted from
Newspaper Holdco&#146;s or such Newspaper Holdco Service Provider&#146;s intentional breach or gross
negligence, or (ii)&nbsp;any action or omission by Belo or a Belo Service Provider in providing the Belo
Services hereunder, except to the extent any such Loss arises from Belo&#146;s or such Belo Service
Provider&#146;s intentional breach or gross negligence.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.10 <U>Negotiation</U>.&nbsp;&nbsp;In the event that any dispute arises between the Parties
that cannot be resolved pursuant to any escalation path set forth in a Schedule or any Additional
Agreement, either Party shall have the right to refer the dispute for resolution to the chief
financial officers of each Party by delivering to the other Party a written notice of such referral
(a &#147;<B>Dispute Notice</B>&#148;). Following receipt of a Dispute Notice, the chief financial officers shall
negotiate in good faith to resolve such dispute. In the event that the chief financial officers are
unable to resolve such dispute within 30&nbsp;days after the date of the Dispute Notice, either Party
shall have the right to refer the dispute to the chief executive officers of the Parties, who shall
negotiate in good faith to resolve such dispute. In the event that the chief executive officers of
the Parties are unable to resolve such dispute within 60&nbsp;days after the date of the Dispute Notice,
either Party shall have the right to commence litigation in accordance with Section&nbsp;8.09 hereof.
The Parties agree that all discussions, negotiations and other Information exchanged between the
Parties during the foregoing escalation proceedings shall be without prejudice to the legal
position of a Party in any subsequent Action.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;5.11 <U>Indemnification Rights</U>. <B>Except to the extent otherwise expressly
provided herein to the contrary, the indemnification rights set forth in this Article&nbsp;V, as well as
in any other provision of this Agreement or any Additional Agreement, shall be applicable
notwithstanding the negligence, whether simple, contributory or gross, of the particular
indemnified party.</B>
</DIV>

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<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VI</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>ACCESS TO INFORMATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.01 <U>Access to Belo Records</U>.&nbsp;&nbsp;If requested by Newspaper Holdco, Belo shall and
shall cause each Belo Service Provider to permit Newspaper Holdco reasonable access (in addition to
the access required by Section&nbsp;2.08(b)) to its respective books, records, accountants, accountants&#146;
work papers, personnel and facilities for the purpose of Newspaper Holdco&#146;s testing and
verification of the effectiveness of each Belo Service Provider&#146;s controls with respect to Belo
Services as is reasonably necessary to enable the management of Newspaper Holdco to comply with its
obligations under SOX &#167;&nbsp;404 and to enable Newspaper Holdco&#146;s independent public accounting firm to
attest to and report on the assessment of the management of Newspaper Holdco in accordance with SOX
&#167;&nbsp;404 and Auditing Standard No.&nbsp;2, <I>An Audit of Internal Control Over Financial Reporting Performed
in Conjunction with an Audit of Financial Statements </I>(&#147;<B>Auditing Standard No.&nbsp;2</B>&#148;), as amended, or as
otherwise required by Newspaper Holdco&#146;s external auditors; provided, however, that in lieu of
providing such access, Belo may, in its sole discretion, instead furnish Newspaper Holdco with a
Statement on Auditing Standards (SAS)&nbsp;No.&nbsp;70, <I>Service Organizations</I>, Type II audit (&#147;<B>SAS 70 Audit</B>&#148;<B>)</B>
report; and provided, further, that Belo shall not be required to furnish Newspaper Holdco access
to any Information other than Information that relates specifically to Belo Services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.02 <U>Access to Newspaper Holdco Records</U>.&nbsp;&nbsp;If requested by Belo, Newspaper
Holdco shall and shall cause each Newspaper Holdco Service Provider to permit Belo reasonable
access (in addition to the access required by Section&nbsp;2.08(a)) to its respective books, records,
accountants and accountants&#146; work papers, personnel and facilities for the purpose of Belo&#146;s
testing and verification of the effectiveness of each Newspaper Holdco Service Provider&#146;s controls
with respect to Newspaper Holdco Services as is reasonably necessary to enable the management of
Belo to comply with its obligations under SOX &#167;404 and Belo&#146;s independent public accounting firm to
attest to and report on the assessment of the management of Belo in accordance with SOX &#167;404 and
Auditing Standard No.&nbsp;2, as amended, or as otherwise required by Belo&#146;s external auditors;
provided, however, that in lieu of providing such access, Newspaper Holdco may, in its sole
discretion, instead furnish Belo with a SAS 70 Audit report; and provided, further, that Newspaper
Holdco shall not be required to furnish Belo access to any Information other than Information that
relates specifically to Newspaper Holdco Services.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;6.03 <U>Cooperation and Procedures</U>.&nbsp;&nbsp;Without limiting the generality of, and in
order to give effect to, the foregoing provisions of Article&nbsp;VI:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;the Parties shall cooperate, at the Effective Time and from time to time thereafter, to
identify the significant processes provided by each Party to the other Party in connection with the
provision of the Services hereunder;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;each Party shall, if necessary under the circumstances, develop and maintain procedures to
adequately test, evaluate and document the design and effectiveness of its controls over such
significant processes;
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;each Party as Service Provider shall provide to the other Party, its auditors and any
third party that such other Party has retained to assist it with its SOX &#167;404 compliance (subject
to such third party&#146;s having signed an appropriate confidentiality agreement with the Party that is
providing the relevant Information), no later than the 30th day of the last month of each fiscal
quarter ending in March, June, September and December during which the Service Provider provided a
Service comprising a significant process to the other Party, adequate documentation with respect to
the testing of its controls over the significant processes;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;in the event any deficiencies are found as a result of the testing, the Service Provider
and the Service Recipient shall cooperate in good faith to develop and implement commercially
reasonable action plans and timetables to remedy such deficiencies and/or implement adequate
compensating controls; provided, however, that if a Party as Service Provider provides a
substantially similar service for itself or its Affiliates, then such Party as Service Provider
shall not be required to take any actions that are different from the actions that such Party is
taking with respect to such services that it provides for itself or its Affiliates, unless the
control deficiency is or could reasonably be expected to be a material weakness in the Service
Recipient&#146;s internal control over financial reporting (and the Service Recipient shall share its
analysis in this regard with the Service Provider), in which case the Service Provider shall
cooperate in good faith with the Service Recipient to develop and implement in a timely fashion
commercially reasonable action plans and timetables to remedy the deficiency and/or implement
adequate compensating controls such that the deficiency will not rise to the level of a material
weakness; provided further, that, if, as a result of such remedy and/or implementation, the Service
Provider is required to take actions that are materially different than the actions that the
Service Provider is taking with respect to the substantially similar services that it provides for
itself or its Affiliates, the Service Recipient shall be obligated to fund the incremental costs
incurred by the Service Provider, including all out-of-pocket incremental costs, plus a reasonable
allocation of costs of employees who are diverted from providing services that such employees would
otherwise be providing to the Service Provider during the period of such remedy and/or
implementation;
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;the Service Provider shall, if requested by the Service Recipient, make its personnel and
testing and documentation available to the auditors of the Service Recipient to enable such
auditors to attest to and report on the assessment of internal control over financial reporting of
the management of the Service Recipient. The Service Provider shall cooperate and assist the
Service Recipient&#146;s auditors in performing any process walkthroughs and process testing that such
auditor may request of the significant processes; and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f)&nbsp;in the event that Sections&nbsp;6.03(a)-(e) hereof do not reasonably enable the Service
Recipient to comply with its obligations under SOX &#167;404 and to enable the Service Recipient&#146;s
registered public accounting firm to attest to and report on the assessment by the management of
the Service Recipient in accordance with SOX &#167;404 and Auditing Standard No.&nbsp;2, then upon reasonable
notice, the Service Recipient shall be permitted to conduct, at its own expense, an independent
audit of the Service Provider&#146;s controls with respect to the Services solely to the extent
necessary to accomplish such purpose or purposes.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->21<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>TERM; TERMINATION</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.01 <U>Term</U>.&nbsp;&nbsp;This Agreement shall commence at the Effective Time and, unless
terminated earlier in accordance with this Article&nbsp;VII, will terminate on the last date on which
all Schedules and Additional Agreements have expired or been terminated.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.02 <U>Early Termination</U>.&nbsp;&nbsp;(a) A Service Recipient may terminate any Service
upon 90&nbsp;days prior notice to the other Party for any or for no reason.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In the event that pursuant to Section&nbsp;2.07, a Service Provider reduces or suspends the
provision of any Service due to a Force Majeure Event and such reduction or suspension continues
for 15&nbsp;days, the other Party may immediately terminate the applicable Schedule or Additional
Agreement, upon written notice and without any reimbursement obligation, except as provided in
Section&nbsp;7.04.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.03 <U>Breach of Agreement</U>.&nbsp;&nbsp;Subject to Article&nbsp;V, if either Party shall cause
or suffer to exist any material breach of any of its obligations under this Agreement or any
Additional Agreement, including any failure to make payments when due, and that Party does not cure
such default in all material respects within 30&nbsp;days after receiving written notice thereof from
the non-breaching Party, the non-breaching Party may terminate each affected Schedule or Additional
Agreement, including the provision of Services pursuant thereto, immediately by providing written
notice of termination.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.04 <U>Sums Due</U>.&nbsp;&nbsp;(a) In the event of a termination (including any termination
pursuant to Section&nbsp;7.02) or expiration of this Agreement or any Additional Agreement (or Services
under one or more Schedules or Additional Agreements), Belo shall be entitled to the payment or
reimbursement of, and Newspaper Holdco shall, or shall cause its applicable Affiliates to, pay and
reimburse Belo, on the date of such termination or expiration (i)&nbsp;all amounts due to Belo or any
Belo Service Provider under this Agreement or any Additional Agreement and (ii)&nbsp;all amounts accrued
in connection with the provision of Belo Services through the date of such termination or
expiration that are not yet due and payable to Belo or any Belo Service Provider under this
Agreement or any Additional Agreement, as if such amounts were due and payable on the date of such
termination or expiration.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;In the event of a termination (including any termination pursuant to Section&nbsp;7.02) or
expiration of this Agreement or any Additional Agreement (or Services under one or more Schedules
or any Additional Agreement), Newspaper Holdco shall be entitled to the payment or reimbursement
of, and Belo shall, or shall cause its applicable Affiliates to, pay and reimburse Newspaper
Holdco, on the date of such termination or expiration (i)&nbsp;all amounts due to Newspaper Holdco or
any Newspaper Holdco Service Provider under this Agreement or any Additional Agreement and (ii)&nbsp;all
amounts accrued in connection with the provision of the Newspaper Holdco Services through the date
of such termination or expiration that are not yet due and payable to Newspaper Holdco or any
Newspaper Holdco Service Provider under this Agreement or any Additional Agreement, as if such
amounts were due and payable on the date of such termination or expiration.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;7.05 <U>Effect of Termination</U>.&nbsp;&nbsp;Articles I, III, IV, VI and VIII and Sections
5.01(a)(i), 5.01(b), 5.02(a)(i), 5.02(b), 5.07, 5.08, 5.09, 5.10, 7.04 and this 7.05 shall survive
any termination of this Agreement.
</DIV>

<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>ARTICLE VIII</B>
</DIV>


<DIV align="Center" style="font-size: 10pt; margin-top: 6pt"><B>MISCELLANEOUS</B>

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.01 <U>Notices</U>.&nbsp;&nbsp;All notices, requests and other communications hereunder
(except for routine communications contemplated by certain Schedules) must be in writing and will
be deemed to have been duly given only if delivered personally or by facsimile transmission or
mailed (first class postage prepaid) to the Parties at the following addresses or facsimile
numbers:
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If to Belo, to:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Belo Corp.<BR>
400 South Record Street<BR>
Dallas, Texas 75202<BR>
Attn: Chief Executive Officer<BR>
Fax No.: (214)&nbsp;977-8209

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">with a copy to:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Belo Corp.<BR>
400 South Record Street<BR>
Dallas, Texas 75202<BR>
Attn: Chief Financial Officer<BR>
Fax No.: (214)&nbsp;977-8209

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">If to Newspaper Holdco, to:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A. H. Belo Corporation<BR>
400 South Record Street<BR>
Dallas, Texas 75202<BR>
Attn: Chief Executive Officer<BR>
Fax No.: (214)&nbsp;977-8209

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">with a copy to:

</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">A. H. Belo Corporation<BR>
400 South Record Street<BR>
Dallas, Texas 75202<BR>
Attn: Chief Financial Officer<BR>
Fax No.: (214)&nbsp;977-6899

</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">
<DIV align="left" style="font-size: 10pt; margin-top: 6pt">All such notices, requests and other communications will (i)&nbsp;if delivered personally to the address
as provided in this section, be deemed given upon delivery, (ii)&nbsp;if delivered by facsimile
transmission to the facsimile number as provided in this section, be deemed given upon receipt and
(iii)&nbsp;if delivered by mail in the manner described above to the address as provided in this
section, be deemed given upon receipt (in each case regardless of whether such notice, request or
other communication is received by any other Person to whom a copy of such notice, request or other
communication is to be delivered pursuant to this section). Any party from time to time may change
its address, facsimile number or other Information for the purpose of notices to that party by
giving notice specifying such change to the other party.
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.02 <U>Entire Agreement</U>.&nbsp;&nbsp;This Agreement, together with all exhibits and
Schedules, any Additional Agreements, the Separation and Distribution Agreement and the other
Ancillary Agreements, constitutes the entire agreement of the parties with respect to the subject
matter hereof and shall supersede all previous negotiations, commitments and writings with respect
to such subject matter.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.03 <U>Waiver</U>.&nbsp;&nbsp;Any term or condition of this Agreement or any Additional
Agreement may be waived at any time by the Party that is entitled to the benefit thereof, but no
such waiver shall be effective unless set forth in a written instrument duly executed by or on
behalf of the Party waiving such term or condition. No waiver by any Party of any term or condition
of this Agreement or any Additional Agreement, in any one or more instances, shall be deemed or
construed as a waiver of the same or any other term or condition of this Agreement or any
Additional Agreement on any future occasion. All remedies, either under this Agreement or any
Additional Agreement or by Law or otherwise afforded, will be cumulative and not alternative.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.04 <U>Amendment</U>.&nbsp;&nbsp;This Agreement and any Additional Agreement may be amended,
supplemented, modified or superseded only by a written instrument signed by duly authorized
signatories of the Parties hereto or thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.05 <U>Independent Contractors</U>.&nbsp;&nbsp;In performing the Services, each Service
Provider shall operate as and have the status of an independent contractor. No Service Provider&#146;s
employees shall be considered employees or agents of the other Party, nor shall the employees of
any Party be eligible or entitled to any benefits, perquisites or privileges given or extended to
any of the other Party&#146;s employees in connection with the provision of Services. Nothing contained
in this Agreement or any Additional Agreement shall be deemed or construed to create a joint
venture or partnership between the Parties. No Party shall have any power to control the activities
and/or operations of the other Party. No Party shall have any power or authority to bind or commit
any other Party.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.06 <U>No Third Party Beneficiary</U>.&nbsp;&nbsp;The terms and provisions of this Agreement
and any Additional Agreement are intended solely for the benefit of each Party hereto and thereto
and their respective Affiliates, successors or permitted assigns, and it is not the intention of
the Parties to confer third party beneficiary rights upon any other Person.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.07 <U>No Assignment; Binding Effect</U>.&nbsp;&nbsp;Neither this Agreement (nor any
Additional Agreement) nor any right, interest or obligation hereunder (or thereunder) may be
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">



<DIV align="left" style="font-size: 10pt; margin-top: 6pt">assigned by any Party hereto (or thereto) without the prior written consent of the other Party
hereto (or thereto) and any attempt to do so will be void, except that each Party may assign any or
all of its rights, interests and obligations hereunder or under any Additional Agreement to an
Affiliate, provided, that, any such Affiliate agrees in writing to be bound by all of the terms,
conditions and provisions contained herein and that no assignment by a Party shall relieve such
Party of any of its obligations under this Agreement unless agreed to by the non-assigning Party.
Subject to the preceding sentence, this Agreement is binding upon, inures to the benefit of and is
enforceable by the Parties hereto and their respective successors and permitted assigns.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.08 <U>Headings</U>.&nbsp;&nbsp;The headings used in this Agreement have been inserted for
convenience of reference only and do not define or limit the provisions hereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.09 <U>Submission to Jurisdiction; Waivers</U>.&nbsp;&nbsp;Subject to the prior exhaustion of
the negotiation procedures set forth in Section&nbsp;5.10 and to the fullest extent permitted by
applicable Law, each Party hereto (i)&nbsp;agrees that any claim, action or proceeding by such party
seeking any relief whatsoever arising out of, relating to or in connection with, this Agreement or
any Additional Agreement or the transactions contemplated hereby or thereby shall be brought only
in the United States District Court for the Northern District of Texas or any Texas State court, in
each case, located in Dallas County and not in any other State or Federal court in the United
States of America or any court in any other country, (ii)&nbsp;agrees to submit to the exclusive
jurisdiction of such courts located in Dallas County for purposes of all legal proceedings arising
out of, or in connection with, this Agreement and the transactions contemplated hereby,
(iii)&nbsp;waives and agrees not to assert any objection that it may now or hereafter have to the laying
of the venue of any such action brought in such a court or any claim that any such action brought
in such a court has been brought in an inconvenient forum, (iv)&nbsp;agrees that mailing of process or
other papers in connection with any such action or proceeding in the manner provided in
Section&nbsp;8.01 or any other manner as may be permitted by Law shall be valid and sufficient service
thereof and (v)&nbsp;agrees that a final judgment in any such action or proceeding shall be conclusive
and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided
by applicable Law.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.10 <U>Severability</U>.&nbsp;&nbsp;If any provision of this Agreement or any Additional
Agreement is held to be illegal, invalid or unenforceable under any present or future Law, the
remaining provisions of this Agreement or any Additional Agreement will remain in full force and
effect and will not be affected by the illegal, invalid or unenforceable provision or by its
severance herefrom or therefrom.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.11 <U>Governing Law</U>.&nbsp;&nbsp;This Agreement and any Additional Agreement and any
dispute arising out of, in connection with or relating to this Agreement or any Additional
Agreement shall be governed by and construed in accordance with the Laws of the State of Texas,
without giving effect to the conflicts of laws principles thereof.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.12 <U>Counterparts</U>.&nbsp;&nbsp;This Agreement and any Additional Agreement may be
executed in any number of counterparts, each of which will be deemed an original, but all of which
together will constitute one and the same instrument.
</DIV>

<P align="center" style="font-size: 10pt"><!-- Folio -->25<!-- /Folio -->
</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.13 <U>Order of Precedence</U>.&nbsp;&nbsp;In the event of an inconsistency or conflict
between this Agreement, a Schedule and any Additional Agreement, the Additional Agreement or
Schedule shall prevail over this Agreement, and the Additional Agreement shall prevail over a
Schedule. In the event of an inconsistency or conflict between any Additional Agreement and an
attachment or exhibit thereto, the Additional Agreement shall prevail over the attachment or
exhibit thereto.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;8.14 <U>Ownership of and License to Data</U>.&nbsp;&nbsp;(a) It is acknowledged and agreed
that (i)&nbsp;Belo retains all right, title and interest in and to all Belo Data and nothing herein
shall create or vest in Newspaper Holdco any right, title or interest in or to the Belo Data and
(ii)&nbsp;Newspaper Holdco retains all right, title and interest in and to all Newspaper Holdco Data and
nothing herein shall create or vest in Belo any right, title or interest in or to the Newspaper
Holdco Data: and
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;Belo hereby grants to Newspaper Holdco a non-exclusive, royalty free, fully paid-up,
non-transferable (except to Subsidiaries), worldwide license to use Belo Data solely (i)&nbsp;to provide
the Newspaper Holdco Services and (ii)&nbsp;to comply with Newspaper Holdco&#146;s obligations under
applicable Law with respect to such Belo Data.
</DIV>

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;Newspaper Holdco hereby grants to Belo a non-exclusive, royalty free, fully paid-up,
non-transferable (except to Subsidiaries), worldwide license to use Newspaper Holdco Data solely
(i)&nbsp;to provide the Belo Services and (ii)&nbsp;to comply with Belo&#146;s obligations under applicable Law
with respect to such Newspaper Holdco Data.
</DIV>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">

<DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;IN WITNESS WHEREOF, the Parties have caused this Agreement to be executed as of the date first
above written.
</DIV>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>BELO CORP.</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s Dennis A. Williamson
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Dennis A. Williamson&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Executive Vice President/Chief
Financial Officer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>
<TR>
    <TD colspan="5">&nbsp;</TD>
</TR>
</TABLE>

<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR>
    <TD valign="top" align="left">&nbsp;</TD>
    <TD colspan="3" align="left"><B>A. H. BELO CORPORATION</B><BR>
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD valign="top">By:&nbsp;&nbsp;</TD>
    <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Alison K. Engel
&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Name:&nbsp;&nbsp;</TD>
    <TD align="left">Alison K. Engel&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR><TR>
    <TD align="left">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD valign="top">Title:&nbsp;&nbsp;</TD>
    <TD align="left">Senior Vice President/Chief
Financial Officer and Treasurer&nbsp;</TD>
    <TD>&nbsp;</TD>
</TR>

</TABLE>

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</DIV>

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<DIV style="font-family: 'Times New Roman',Times,serif">


<TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
<TR>
    <TD width="48%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="1%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>

</TABLE>

<DIV align="right" style="font-size: 10pt; margin-top: 12pt"><U><B>Exhibit&nbsp;A</B></U>
</DIV>


<DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Belo Services and Newspaper Holdco Services</B>
</DIV>


<DIV align="left" style="font-size: 10pt; margin-top: 6pt">Information Technology Services<BR>
Interactive Media Services<BR>
Real Estate Management Services<BR>
Internal Audit Services<BR>
Media Content and Cross Promotion Services<BR>
Web Site Maintenance Services<BR>
Legal Services<BR>
Employee Benefit Plan Administration Services<BR>
Payroll and Other Financial Management Services

</DIV>


<P align="center" style="font-size: 10pt"><!-- Folio -->28<!-- /Folio -->
</DIV>




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