NO BELO-NEY: COMPANY TO SELL MAVS, ARENA STAKE TO CUBAN

          Dallas-based Belo Corp. announced yesterday that it
     "will sell three of its smaller newspapers as well as" its
     12.38% stake in the Mavericks and 6.19% share in American
     Airlines Center,  according to John Kirkpatrick of the
     DALLAS MORNING NEWS.  Belo has "an oral agreement" to sell
     its shares of the Mavericks and the $300M arena for $34.5M
     to team Majority Owner Mark Cuban.  Belo paid $24M for its
     stake in the team and arena in July '99.  Belo's "purchase
     price reflects the value established" for the team in
     Cuban's deal.  Belo Senior VP & CFO Dunia Shive said that
     the sale "will bring" the company a pre-tax gain of "about"
     $10M (DALLAS MORNING NEWS, 6/28).