Sec Form 4 Filing - DECHERD ROBERT W @ BELO CORP - 2012-12-03

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person DECHERD ROBERT W 2. Issuer Name and Ticker or Trading Symbol BELO CORP [ BLC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) BELO CORP., 400 S. RECORD STREET 3. Date of Earliest Transaction (MM/DD/YY) 12/03/2012 (Street) DALLAS, TX75202 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Series A Common Stock 12/03/2012 S 4,400 D $ 7.25 ( 1 ) 225,425 I By GRAT ( 6 ) Series A Common Stock 12/05/2012 S 85,425 D $ 7.19 ( 8 ) ( 9 ) ( 10 ) 140,000 I By GRAT ( 6 ) Series A Common Stock 12/03/2012 S 2,301 D $ 7.25 ( 4 ) 153,722 I By Spouse ( 2 ) Series A Common Stock 12/05/2012 S 52,522 D $ 7.19 ( 11 ) ( 12 ) ( 13 ) 101,200 I By Spouse ( 2 ) Series A Common Stock 12/03/2012 S 2,167 D $ 7.25 ( 7 ) 197,333 I By Family LP II ( 5 ) Series A Common Stock 12/05/2012 S 46,320 D $ 7.19 ( 14 ) ( 15 ) ( 16 ) 151,013 I By Family LP II ( 5 ) Series A Common Stock 101,745 D Series A Common Stock 151,014 I By Family LP I ( 5 ) Series A Common Stock 5,468 I By 401K Account ( 3 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other DECHERD ROBERT W BELO CORP. 400 S. RECORD STREET DALLAS, TX75202 X Signatures Christine Larkin, Attorney-In-Fact 12/05/2012 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents the average sale price per share. Shares sold in open market as follows: 3,800 shares @ $7.25 per share; 100 shares @ $7.251 per share; 100 shares @ $7.2575 per share; 300 shares @ $7.28 per share; and 100 shares @ $7.2807 per share. ( 2 )The reporting person disclaims beneficial ownership of these securities. ( 3 )Held by the A. H. Belo Corporation Savings Plan as of the date of this report. ( 4 )Represents the average sale price per share. Shares sold in open market as follows: 2,100 shares @ $7.25 per share; 101 shares @ $7.26 per share; and 100 shares @ $7.28 per share. ( 5 )The reporting person is the managing general partner of the family partnership that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. ( 6 )The reporting person is the settlor and trustee of grantor retained annuity trusts ("GRATs") and receives annual annuity payments therefrom. The reporting person's children are the remaindermen. The reporting person disclaims beneficial ownership of the reported securities, except to the extent of his pecuniary interest therein. The remaining Series A shares are held in several GRATs in the following amounts: 40,000 shares in the Decherd 2010 GRAT; and 100,000 shares in the Decherd 2012 GRAT. ( 7 )Represents the average sale price per share. Shares sold in open market as follows: 1,867 shares @ $7.25 per share; 100 shares @ $7.27 per share; 100 shares @ $7.2715 per share; and 100 shares @ $7.2809 per share. ( 8 )Represents the average sale price per share. Shares sold in open market as follows: 4,914 shares @ $7.15 per share; 46 shares @ $7.1505 per share; 93 shares @ $7.1506 per share; 46 shares @ $7.1507 per share; 46 shares @ $7.1508 per share; 46 shares @ $7.151 per share; 46 shares @ $7.1511 per share; 46 shares @ $7.1516 per share; 973 shares @ $7.155 per share; 7,510 shares @ $7.16 per share; 46 shares @ $7.1602 per share; 46 shares @ $7.1604 per share; 93 shares @ $7.1605 per share; 139 shares @ $7.1606 per share; 46 shares @ $7.1611 per share; 46 shares @ $7.1612 per share; 46 shares @ 7.1613 per share; 185 shares @ $7.165 per share; 139 shares @ $7.1675 per share; 5,913 shares @ $7.17 per share; 186 shares @ $7.1701 per share; 46 shares @ $7.1704 per share; 93 shares @ $7.1705 per share; 93 shares @ $7.1706 per share; 93 shares @ $7.1707 per share; 46 shares @ $7.1708 per share; 139 shares @ $7.1709 per share; 139 shares @ $7.1717 per share; (continued in fn 9) ( 9 )(continued from fn 8) 46 shares @ $7.1718 per share; 922 shares @ $7.175 per share; 186 shares @ $7.1775 per share; 12,318 shares @ $7.18 per share; 278 shares @ $7.1804 per share; 139 shares @ $7.1805 per share; 231 shares @ $7.1806 per share; 46 shares @ $7.1807 per share; 46 shares @ $7.1808 per share; 46 shares @ $7.1809 per share; 93 shares @ $7.181 per share; 231 shares @ $7.185 per share; 8,472 shares @ $7.19 per share; 371 shares @ $7.1901 per share; 46 shares @ $7.1902 per share; 93 shares @ $7.1904 per share; 93 shares @ $7.1905 per share; 370 shares @ $7.1906 per share; 46 shares @ $7.1908 per share; 302 shares @ $7.191 per share; 53 shares @ $7.1914 per share; 1,205 shares @ $7.195 per share; 93 shares @ $7.1975 per share; 8,660 shares @ $7.20 per share; 93 shares @ $7.2002 per share; 139 shares @ $7.2007 per share; 46 shares @ $7.2008 per share; 93 shares @ $7.2011 per share; 46 shares @ $7.2013 per share; 93 shares @ $7.2015 per share; (continued in fn 10) ( 10 )(continued from fn 9) 46 shares @ $7.203 per share; 417 shares @ $7.205 per share; 11,765 shares @ $7.21 per share; 139 shares @ $7.2102 per share; 46 shares @ $7.2103 per share; 9 shares @ $7.2104 per share; 93 shares @ $7.2105 per share; 139 shares @ $7.2106 per share; 186 shares @ 7.2109 per share; 139 shares @ $7.211 per share; 180 shares @ $7.215 per share; 11,423 shares @ $7.22 per share; 278 shares @ $7.2202 per share; 232 shares @ $7.2205 per share; 185 shares @ $7.2207; 93 shares @ $7.2209 per share; 139 shares @ $7.221 per share; 185 shares @ $7.2212 per share; 46 shares @ $7.2214 per share; 145 shares @ $7.2216 per share; 46 shares @ $7.2223 per share; 2,973 shares @ $7.23 per share; 93 shares @ $7.2301 per share; 46 shares @ $7.2303 per share; and 186 shares @ $7.2304 per share. ( 11 )Represents the average sale price per share. Shares sold in open market as follows: 3,021 shares @ $7.15 per share; 29 shares @ $7.1505 per share; 57 shares @ $7.1506 per share; 29 shares @ $7.1507 per share; 29 shares @ $7.1508 per share; 29 shares @ $7.151 per share; 29 shares @ $7.1511 per share; 29 shares @ $7.1516 per share; 599 shares @ $7.155 per share; 4,618 shares @ $7.16 per share; 29 shares @ $7.1602 per share; 29 shares @ $7.1604 per share; 57 shares @ $7.1605 per share; 86 shares @ $7.1606 per share; 29 shares @ $7.1611 per share; 29 shares @ $7.1612 per share; 29 shares @ 7.1613 per share; 114 shares @ $7.165 per share; 86 shares @ $7.1675 per share; 3,636 shares @ $7.17 per share; 113 shares @ $7.1701 per share; 29 shares @ $7.1704 per share; 57 shares @ $7.1705 per share; 57 shares @ $7.1706 per share; 57 shares @ $7.1707 per share; 29 shares @ $7.1708 per share; 86 shares @ $7.1709 per share; 86 shares @ $7.1717 per share; (continued in fn 12) ( 12 )(continued from fn 11) 29 shares @ $7.1718 per share; 566 shares @ $7.175 per share; 114 shares @ $7.1775 per share; 7,573 shares @ $7.18 per share; 171 shares @ $7.1804 per share; 86 shares @ $7.1805 per share; 143 shares @ $7.1806 per share; 29 shares @ $7.1807 per share; 29 shares @ $7.1808 per share; 29 shares @ $7.1809 per share; 57 shares @ $7.181 per share; 143 shares @ $7.185 per share; 5,208 shares @ $7.19 per share; 228 shares @ $7.1901 per share; 29 shares @ $7.1902 per share; 57 shares @ $7.1904 per share; 57 shares @ $7.1905 per share; 227 shares @ $7.1906 per share; 29 shares @ $7.1908 per share; 185 shares @ $7.191 per share; 12 shares @ $7.1914 per share; 741 shares @ $7.195 per share; 57 shares @ $7.1975 per share; 5,324 shares @ $7.20 per share; 57 shares @ $7.2002 per share; 86 shares @ $7.2007 per share; 29 shares @ $7.2008 per share; 57 shares @ $7.2011 per share; 29 shares @ $7.2013 per share; 57 shares @ $7.2015 per share; (continued in fn 13) ( 13 )(continued from fn 12) 29 shares @ $ 7.203 per share; 257 shares @ $7.205 per share; 7,234 shares @ $7.21 per share; 86 shares @ $7.2102 per share; 29 shares @ $7.2103 per share; 6 shares @ $7.2104 per share; 57 shares @ $7.2105 per share; 86 shares @ $7.2106 per share; 114 shares @ $7.2109 per share; 86 shares @ $7.211 per share; 111 shares @ $7.215 per share; 7,023 shares @ $7.22 per share; 171 shares @ $7.2202 per share; 142 shares @ $7.2205 per share; 114 shares @ $7.2207; 57 shares @ $7.2209 per share; 86 shares @ $7.221 per share; 114 shares @ $7.2212 per share; 29 shares @ $7.2214 per share; 89 shares @ $7.2216 per share; 29 shares @ $7.2223 per share; 1,828 shares @ $7.23 per share; 57 shares @ $7.2301 per share; 29 shares @ $7.2303 per share; and 114 shares @ $7.2304 per share. ( 14 )Represents the average sale price per share. Shares sold in open market as follows: 2,665 shares @ $7.15 per share; 25 shares @ $7.1505 per share; 50 shares @ $7.1506 per share; 25 shares @ $7.1507 per share; 25 shares @ $7.1508 per share; 25 shares @ $7.151 per share; 25 shares @ $7.1511 per share; 25 shares @ $7.1516 per share; 528 shares @ $7.155 per share; 4,072 shares @ $7.16 per share; 25 shares @ $7.1602 per share; 25 shares @ $7.1604 per share; 50 shares @ $7.1605 per share; 75 shares @ $7.1606 per share; 25 shares @ $7.1611 per share; 25 shares @ $7.1612 per share; 25 shares @ 7.1613 per share; 101 shares @ $7.165 per share; 75 shares @ $7.1675 per share; 3,207 shares @ $7.17 per share; 101 shares @ $7.1701 per share; 25 shares @ $7.1704 per share; 50 shares @ $7.1705 per share; 50 shares @ $7.1706 per share; 50 shares @ $7.1707 per share; 25 shares @ $7.1708 per share; 75 shares @ $7.1709 per share; 75 shares @ $7.1717 per share; (continued in fn 15) ( 15 )(continued from fn 14) 25 shares @ $7.1718 per share; 499 shares @ $7.175 per share; 100 shares @ $7.1775 per share; 6,679 shares @ $7.18 per share; 151 shares @ $7.1804 per share; 75 shares @ $7.1805 per share; 126 shares @ $7.1806 per share; 25 shares @ $7.1807 per share; 25 shares @ $7.1808 per share; 25 shares @ $7.1809 per share; 50 shares @ $7.181 per share; 126 shares @ $7.185 per share; 4,594 shares @ $7.19 per share; 201 shares @ $7.1901 per share; 25 shares @ $7.1902 per share; 50 shares @ $7.1904 per share; 50 shares @ $7.1905 per share; 200 shares @ $7.1906 per share; 25 shares @ $7.1908 per share; 163 shares @ $7.191 per share; 35 shares @ $7.1914 per share; 654 shares @ $7.195 per share; 50 shares @ $7.1975 per share; 4,696 shares @ $7.20 per share; 50 shares @ $7.2002 per share; 75 shares @ $7.2007 per share; 25 shares @ $7.2008 per share; 50 shares @ $7.2011 per share; 25 shares @ $7.2013 per share; 50 shares @ $7.2015 per share; (continued in fn 16) ( 16 )(continued from fn 15) 25 shares @ $7.203 per share; 226 shares @ $7.205 per share; 6,380 shares @ $7.21 per share; 75 shares @ $7.2102 per share; 25 shares @ $7.2103 per share; 5 shares @ $7.2104 per share; 50 shares @ $7.2105 per share; 75 shares @ $7.2106 per share; 100 shares @ 7.2109 per share; 75 shares @ $7.211 per share; 98 shares @ $7.215 per share; 6,194 shares @ $7.22 per share; 151 shares @ $7.2202 per share; 126 shares @ $7.2205 per share; 101 shares @ $7.2207; 50 shares @ $7.2209 per share; 75 shares @ $7.221 per share; 101 shares @ $7.2212 per share; 25 shares @ $7.2214 per share; 78 shares @ $7.2216 per share; 25 shares @ $7.2223 per share; 1,612 shares @ $7.23 per share; 50 shares @ $7.2301 per share; 25 shares @ $7.2303 per share;and 100 shares @ $7.2304 per share.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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