
<PAGE>   1
                                                                    EXHIBIT 99.1



FOR IMMEDIATE RELEASE                              Contact:
Tuesday, January 31, 1995                          Michael Perry or Harold Gaar
1:30 P.M. CST                                      214/977-6622     214/977-7650


                        BELO ACQUIRES TELEVISION STATION
                               KIRO-TV IN SEATTLE

         DALLAS -- A. H. Belo Corporation announced that, effective February 1,
it has acquired Third Avenue Television, Inc. from Bonneville International
Corporation for $162.5 million in cash.  Third Avenue Television, Inc. operates
KIRO- TV in Seattle, Washington.  An agreement to purchase the station was made
last September, and federal regulatory approvals were recently granted which
allowed for completion of the transaction.

         In addition to KIRO-TV, Belo owns and operates network-affiliated
television stations WFAA-TV (ABC) in Dallas- Fort Worth; KHOU-TV (CBS) in
Houston, Texas; KXTV (CBS) in Sacramento, California; WVEC-TV (ABC) in
Hampton-Norfolk, Virginia; WWL-TV (CBS) in New Orleans, Louisiana; and KOTV
(CBS) in Tulsa, Oklahoma; as well as Belo Productions, Inc.; and is the
majority partner in Maxam Entertainment.  Belo also owns The Dallas Morning
News; DFW Suburban Newspapers, Inc., publisher of eight community newspapers;
and DFW Printing Company, Inc..  Shares of Belo Series A Common Stock are
traded on the New York Stock Exchange under the symbol BLC.



       

