
<PAGE>   1
                                                               EXHIBIT 10.3 (30)

                               SEVENTH AMENDMENT
                                       TO
                    THE G. B. DEALEY RETIREMENT PENSION PLAN
              (As Amended and Restated Effective January 1, 1988)


         A. H. Belo Corporation, a Delaware corporation, pursuant to
authorization of its Board of Directors, adopts the following amendments to the
G. B. Dealey Retirement Pension Plan (the "Plan").

1.               Section 1.3 of the Plan is amended in its entirety to read as
follows:

                 1.3      "Applicable Interest Rate" means the interest rate or
         rates that would be used by the Pension Benefit Guaranty Corporation,
         as of the first day of the Plan Year in which a distribution is made,
         for purposes of determining the lump sum present value of the
         Participant's benefit under the Plan if the Plan had terminated on the
         first day of such Plan Year with insufficient assets to provide
         benefits guaranteed by the Pension Benefit Guaranty Corporation on
         that date.

2.               The second sentence of Section 1.11 of the Plan (relating to
the definition of Compensation) is amended in its entirety to read as follows:

         In addition, the Compensation paid to an Employee who is a "highly
         compensated employee" as defined in Code section 414(q) and the
         Treasury Regulations thereunder will be further reduced by the
         following items:  amounts
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         includible in the Employee's income by reason of the grant or exercise
         of a stock option, amounts includible in the Employee's income under
         Code section 83 with respect to restricted stock and any other amounts
         includible in the Employee's income by reason of an award (other than
         an annual bonus award) under the Company's 1986 Long Term Incentive
         Plan, the 1995 Executive Compensation Plan or any successor executive
         compensation plan, as such plans may be amended and in effect from
         time to time.

3.               The first sentence of the second paragraph of Section 1.11
(relating to the definition of Compensation), as previously amended by the
Fourth Amendment to the Plan, is further amended in its entirety to read as
follows:

         For purposes of determining benefit accruals for any Plan Year
         beginning after December 31, 1988, and ending before January 1, 1994,
         the Compensation of an Employee will not exceed $200,000, and for
         purposes of determining benefit accruals for any Plan Year beginning
         after December 31, 1993, the Compensation of any Employee will not
         exceed $150,000, as both such dollar limits are adjusted by the
         Secretary of the Treasury.

4.               The fourth paragraph of Section 1.11 (relating to the
definition of Compensation), as added by the Second Amendment to the Plan, is
amended in its entirety to read as follows:

         If Compensation for any prior Plan Year is taken into account in
         determining an Employee's benefits for the current Plan Year, the
         Compensation for such prior Plan Year is subject to the applicable
         annual compensation limit in effect for that prior Plan Year.  For
         this purpose, for years beginning before January 1, 1990, the
         applicable





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         annual compensation limit is $200,000.  In addition, if Compensation
         for any Plan Year beginning prior to January 1, 1994, is used to
         determine benefit accruals in a Plan Year beginning on or after
         January 1, 1994, the annual compensation limit for that prior Plan
         Year will be $150,000, as adjusted for that prior Plan Year by the
         Secretary of the Treasury.

5.               The fifth sentence of Section 1.14 of the Plan (relating to
the definition of Credited Service) is amended in its entirety to read as
follows:

         Notwithstanding the foregoing, for purposes of determining the amount
         of an Employee's Accrued Benefit under Article 5, Credited Service
         earned by an Employee while employed by a Controlled Group Member that
         is not a Participating Employer will not be taken into account, and
         Credited Service during any period prior to January 1, 1982, during
         which the Employee was eligible to participate in the Plan but elected
         not to participate will be disregarded.

6.               Section 1.33 of the Plan is amended in its entirety to read as
follows:

(a)                                 with respect to a married Participant who
         dies before January 1, 1995, a monthly annuity for the life of the
         deceased Participant's surviving spouse that is equal to the Actuarial
         Equivalent of the Participant's Accrued Benefit determined as of the
         date of his death and (b) with respect to a married Participant who
         dies on or after January 1, 1995, a monthly annuity for the life of
         the deceased Participant's surviving spouse in the amount described in
         Section 8.1.





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7.               Article 1 of the Plan is amended by the addition of the
following new definition and all references in the Plan to a Participant's
current or surviving spouse are amended to conform to the new definition:

                   1.38  "Spouse" means the individual to whom a Participant
         was legally married on the earlier of his Benefit Commencement Date or
         the date of his death.

8.               Clause (iv) of Section 2.2(a) of the Plan (relating to
employees ineligible to participate) is amended in its entirety to read as
follows:

                 (iv) he is a leased employee required to be treated as an
                 Employee under Code section 414(n) or he is classified by a
                 Participating Employer as an independent contractor whose
                 compensation for services is reported on a form other than
                 Form W-2 or any successor form for reporting wages paid to
                 employees;

9.               Clause (ii) of Section 4.1(b) of the Plan (relating to
accelerated vesting) is amended in its entirety to read as follows:

                 (ii) on his death prior to January 1, 1995, while he is an 
                 Employee, or





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         10.     Section 5.5 of the Plan is amended in its entirety to read as
follows:

                 5.5      Disability Benefit.  A Participant who has a
         Disability prior to attaining age 65 and prior to his termination of
         employment will continue to accrue a benefit during the period of his
         Disability only if (i) he returns to regular employment with a
         Participating Employer immediately following the termination of his
         Disability or (ii) he has attained Early Retirement Age at the time
         his Disability terminates and he elects to retire and immediately
         begin receiving retirement benefits under the Plan.  For purposes of
         determining the amount of the benefit accrued during Disability, the
         Participant's Compensation will be deemed to be his annualized rate of
         Compensation as of the date of his Disability, and the Participant
         will earn Credited Service during the period in which he receives
         Disability benefits.

                          A Participant who becomes totally and permanently
         disabled (as hereafter defined) before attaining age 65 and before his
         termination of employment and who is not eligible for benefits under
         the Company's long-term disability plan will be fully vested in his
         Accrued Benefit without regard to his years of Credited Service and
         will be entitled to receive a monthly benefit beginning on the first
         day of the month immediately following the date of his disability in
         an amount equal to his Accrued Benefit determined as of such date.
         The amount of such disability benefit will not be actuarially reduced
         to reflect the fact that it is being paid prior to the Participant's
         Normal Retirement Date.  A Participant will be totally and permanently
         disabled for  purposes of this paragraph only if he is eligible to
         receive disability benefits under the Social Security Act.  A
         Participant who is eligible to receive a monthly benefit under this
         paragraph will continue to receive such benefit only if he submits
         evidence to the Committee, in such form and at such times as the
         Committee may reasonably request, that he continues to qualify for
         disability benefits under the Social Security Act.





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         11.     The definition of Change in Control that appears in Section
5.7(b) is amended in its entirety to read as follows:

                 (b)      Change in Control Defined.  For purposes of this
         Section, the term "Change in Control" means the first to occur of the
         events described in (i) through (iv) below, unless the Board has
         adopted a resolution prior to or promptly following the occurrence of
         any such event stipulating, conditionally, temporarily or otherwise,
         that any such event will not result in a change in control of the
         Company:

                          (i)  the commencement of, or first public
                 announcement of the intention of any person or group (within
                 the meaning of Section 3(b) of and Rule 13d-5(b) promulgated
                 under the Securities Exchange Act of 1934, as amended,
                 respectively) to commence, a tender offer or exchange offer
                 (other than an offer by the Company or any Subsidiary) for
                 all, or any part of, the common stock of the Company
                 (including, if issued and outstanding, Series A Common Stock
                 and Series B Common Stock, hereinafter referred to as "Common
                 Stock");

                          (ii)  the public announcement by the Company or by
                 any group (as defined in clause (i) above), entity or person
                 (other than the Company, any Subsidiary (as hereinafter
                 defined), or any savings, pension or other benefit plan for
                 the benefit of employees of the Company or any Subsidiary)
                 which, through a transaction or series of transactions has
                 acquired, directly or indirectly, beneficial ownership (within
                 the meaning of Rule 13d-3 promulgated under the Securities
                 Exchange Act of 1934, as amended) of more than 30% of the
                 total number of shares of Common Stock that such group, entity
                 or person has become such a beneficial owner;

                           (iii)  the approval by the Company's shareholders
                 (or, if such approval is not required, the consummation) of a
                 merger in which the Company does not





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                 survive as an independent publicly owned corporation, a
                 consolidation, or a sale, exchange, or other disposition of
                 all or substantially all the Company's assets; or

                          (iv)  a change in the composition of the Board during
                 any period of two consecutive years such that individuals who
                 at the beginning of such period were members of the Board
                 cease for any reason to constitute at least a majority
                 thereof, unless the election, or the nomination for election
                 by the Company's shareholders, of each new director was
                 approved by a vote of at least two-thirds of the directors
                 then still in office who were directors at the beginning of
                 such period.

         For purposes of the foregoing definition, the term "Subsidiary" means
         any corporation, partnership, joint venture or other entity in which
         at the time the Company owns or controls, directly or indirectly, not
         less than 50% of the total combined voting power or equity interests
         represented by all classes of stock issued by such corporation,
         partnership, joint venture or other entity.

         12.     Article 5 of the Plan is amended by the addition of the
following new Section 5.12:

                 5.12     Direct Rollovers.

                          (a)     Distributions after 1992.  Notwithstanding
         any other provision of the Plan, for distributions made on or after
         January 1, 1993 a Distributee (as hereinafter defined) may elect, at
         any time and in the manner prescribed by the Committee, to have any
         portion of an Eligible Rollover Distribution (as hereinafter defined)
         paid directly to an Eligible Retirement Plan (as hereinafter defined)
         specified by the Distributee.

                          (b)     Eligible Rollover Distribution.  An Eligible
         Rollover Distribution is any distribution of all or any





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         portion of the balance to the credit of the Distributee, except that
         an Eligible Rollover Distribution does not include (i) any
         distribution that is one of a series of substantially equal periodic
         payments (not less frequently than annually) made for the life or life
         expectancy of the Distributee or the joint lives or life expectancies
         of the Distributee and the Distributee's designated beneficiary, or
         for a specified period of ten years or more, (ii) any distribution to
         the extent such distribution is required by Code section 401(a)(9),
         and (iii) the portion of any distribution that is not includible in
         gross income (determined without regard to the exclusion for net
         unrealized appreciation with respect to employer securities).

                          (c)  Eligible Retirement Plan.  An Eligible
         Retirement Plan is an individual retirement account described in Code
         section 408(a), an individual retirement annuity described in Code
         section 408(b), an annuity plan described in Code section 403(a), or a
         Qualified Plan that is a Defined Contribution Plan, that accepts the
         Distributee's Eligible Rollover Distribution.  However, in the case of
         an Eligible Rollover Distribution to a Participant's surviving Spouse,
         an Eligible Retirement Plan is an individual retirement account or
         individual retirement annuity.

                          (d) Distributee.  A Distributee includes a
         Participant, the Participant's Spouse, or a Participant's former
         spouse who is an alternate payee under a qualified domestic relations
         order, as defined in Code section 414(p).

         13.     The last sentence of Section 6.9, Section 6.10 and Section
6.11 (relating to benefits payable to Participants employed by sold businesses)
is deleted.





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         14.     The last sentence of Section 8.4 of the Plan ("Designation of
a Beneficiary") is amended in its entirety to read as follows:

         If a Participant has not designated a Beneficiary or is not survived
         by a designated Beneficiary, the death benefit under the Plan will be
         payable, to his surviving Spouse, if any, otherwise equally among his
         surviving children, if any, and if the Participant is not survived by
         a Spouse or children, to his then living parents, and if none of the
         above are then living, to his estate.

         15.     Article 8 of the Plan is amended in its entirety to read as
follows:

                                   ARTICLE 8

                           DEATH BENEFITS FOR SPOUSES


                 8.1      Death Benefit.  The Spouse of a Participant
         (including without limitation a Participant who terminated employment
         before January 1, 1995) who has a vested interest in his Accrued
         Benefit and dies after December 31, 1994, and prior to his Benefit
         Commencement Date will receive a Qualified Preretirement Survivor
         Annuity in an amount determined under this Section.  Payments to the
         Spouse that begin before the Participant's Normal Retirement Date will
         be actuarially adjusted in the manner set forth in Section 8.2.  The
         death benefit, if any, payable to the Spouse of a Participant who dies
         after his Benefit Commencement Date will be determined under the form
         of benefit elected by the Participant with the consent of the Spouse,
         if required under Section 7.2.





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(ii)     the payments the Spouse would have received under the Qualified Joint
         and Survivor Annuity if the Participant had terminated employment with
         an immediate Qualified Joint and Survivor Annuity on the day before
         his death or (ii) if the Participant either (A) had attained age 55
         while an Employee on or before December 31, 1994, or (B) had
         terminated employment before January 1, 1995, but had attained age 55
         at the time of his termination of employment, payments that are the
         Actuarial Equivalent of the Participant's Accrued Benefit determined
         as of December 31, 1994, or the date of his termination of employment,
         whichever is earlier.

                          (b)     Death On or Before Age 55.  If a Participant
         dies on or before attaining age 55, the payments to his Spouse under
         the Qualified Preretirement Survivor Annuity will be equal to the
         payments the Spouse would have received if the Participant (i) had
         terminated employment on the date of his death (if he was an Employee
         on the date of his death); (ii) had survived to age 55; (iii) had
         received at age 55 an immediate Qualified Joint and Survivor Annuity
         in the amount elected by the Participant prior to his death; and (iv)
         had died on the day after attaining age 55.

                          (c)     Death after Divorce.  If a married
         Participant becomes divorced, he will be treated as having waived the
         Qualified Preretirement Survivor Annuity with respect to his former
         spouse, and his former spouse will not be entitled to any death
         benefit under the Plan except to the extent provided in a qualified
         domestic relations order described in Code section 414(p).

                 8.2      Commencement of Benefit.  The surviving Spouse may
         elect to begin receiving payments on the first day of any month
         following the later of (i) the month in which the Participant would
         have attained age 55 or (ii) the month in which the Participant died.
         The early retirement factors set forth in Section 5.2 will be applied
         to determine the monthly amount of the Qualified Preretirement
         Survivor Annuity payable to the surviving Spouse as of any date that
         precedes the Participant's Normal Retirement Date.

                 8.3      Form of Benefit.  The normal form of death benefit
         under this Article will be a monthly annuity for the life of





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         the Spouse.  If, however, the Actuarially Equivalent present value of
         the monthly death benefit does not exceed $3,500, then the Committee
         will distribute the death benefit to the Spouse in the form of an
         immediate lump sum payment that is the Actuarial Equivalent of the
         death benefit.

                 8.4      Certain Spouses.  A former spouse will be treated as
         the current spouse or the surviving spouse of a Participant to the
         extent provided under a qualified domestic relations order as
         described in Code section 414(p).  If, however, the qualified domestic
         relations order provides for a portion of the Participant's retirement
         benefit (either through separate accounts or a percentage of the
         benefit) to be distributed to the former spouse, the Participant will
         not be deemed to be a married Participant for purposes of this Article
         with respect to the portion of the benefit awarded to his former
         spouse.

                 8.5      Cost of Coverage.  The Participant's benefit under
         the Plan will not be reduced by the cost of providing the death
         benefits for his Spouse described in this Article.

         16.     Section 10.2(j), relating to the definition of Compensation
for purposes of the maximum benefit limitations of the Internal Revenue Code,
is amended by the addition of the following sentences:

         The Includable Compensation of an Employee for any Plan Year beginning
         after December 31, 1988, and ending before January 1, 1994, the
         Compensation of an Employee will not exceed $200,000, and for any Plan
         Year beginning after December 31, 1993, the Includable Compensation of
         any Employee will not exceed $150,000, as both such dollar limits are
         adjusted by the Secretary of the Treasury.  If an Employee's
         Compensation is determined with respect to a period of time that
         contains fewer than 12 calendar months, then the annual compensation
         limit is an amount equal to the annual compensation limit for the
         calendar year in which the





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         compensation period begins multiplied by the ratio obtained by
         dividing the number of full months in the period by 12.  In
         determining the Includable Compensation of an Employee for purposes of
         the adjusted $200,000 limitation or $150,000 limitation, as
         applicable, the rules of Code section 414(q)(6) will apply, except in
         applying such rules, the term "family" will include only the spouse of
         an Employee and any lineal descendants of the Employee who have not
         attained age 19 before the close of the year.  If, as a result of the
         application of such rules, the adjusted $200,000 limitation or
         $150,000 limitation, as applicable, is exceeded, then (except for
         purposes of determining the portion of Includable Compensation up to
         the integration level), the limitation will be prorated among the
         affected individuals in proportion to each such individual's
         Compensation as determined under this Section prior to the application
         of this limitation.

         17.     Sections 14.1 and 14.2 of the Plan are amended in their
entirety to read as follows:

                 14.1     Right to Amend the Plan.

                          (a)     In General.  The Company reserves to the
         Compensation Committee of the Board of Directors the right to amend
         the Plan at any time and from time to time to the extent it may deem
         advisable or appropriate, provided that (i) no amendment will increase
         the duties or liabilities of the Trustee without its written consent;
         (ii) no amendment will cause a reversion of Plan assets to the
         Participating Employers not otherwise permitted under the Plan; (iii)
         no amendment will have the effect of reducing the percentage of the
         vested and nonforfeitable interest of any Participant in his Account
         nor will the vesting provisions of the Plan be amended unless each
         Participant with at least three years of Credited Service (including
         years of Credited Service disregarded pursuant to the reemployment
         provisions (if any) of Article 4) is permitted to elect to continue to
         have the prior vesting provisions apply to him, within 60 days after
         the latest of the date on which the amendment is adopted,





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         the date on which the amendment is effective, or the date on which the
         Participant is issued written notice of the amendment; and (iv) no
         amendment will be effective to the extent that it has the effect of
         decreasing a Participant's Account balance or eliminating an optional
         form of distribution as it applies to an existing Account balance.

                          (b)     Authority of the Board.  The Company also
         reserves to the Board of Directors the right to amend the Plan at any
         time and from time to time to the extent it may deem advisable or
         appropriate, subject to the limitations on amendments set forth in
         subsection (a).

                 14.2     Amendment Procedure.  Any amendment to the Plan will
         be made only pursuant to action of the Board or of the Compensation
         Committee of the Board.  A certified copy of the resolutions adopting
         any amendment and a copy of the executed amendment will be delivered
         to the Trustee, the Committee and the Company.  Upon such action by
         the Board or the Compensation Committee of the Board, the Plan will be
         deemed amended as of the date specified as the effective date by such
         action or in the instrument of amendment.  The effective date of any
         amendment may be before, on or after the date of such action, except
         as otherwise set forth in Section 14.1.

         18.     The last sentence of the first paragraph of Section 10.3(j),
relating to the aggregate benefit limitation under the Internal Revenue Code,
is amended in its entirety to read as follows:

         A Participant's Projected Annual Benefit will be reduced, if
         necessary, without any further action on the part of the Participating
         Employers , the Board of Directors or the Committee, to meet this
         limitation.





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         19.     Section 15.5 of the Plan is amended in its entirety to read as
follows:

                 15.5     Prevention of Discrimination on Early Termination.

                          (a)     Limitation Concerning Highly Compensated
         Employees.  In the event that (i) the value of the Accrued Benefit of
         a Participant who is a Highly Compensated Employee or a Highly
         Compensated Former Employee (as such terms are hereafter defined)
         equals or exceeds 1% of the value of all Accrued Benefits under the
         Plan on the date payment of such Participant's benefits is to
         commence, and (ii) after payment of such Participant's Accrued Benefit
         the value of Plan assets is less than 110% of the value of the Plan's
         current liabilities as defined in Code section 412(l)(7), such
         Participant's Accrued Benefit will be paid in a form that produces
         annual payments not in excess of the payments that would be made under
         a single life annuity that is the Actuarial Equivalent of such
         Participant's normal form of Retirement Pension.  For purposes of this
         Section, the term "Highly Compensated Employee" has the meaning set
         forth in Code section 414(q), and the term "Highly Compensated Former
         Employee" has the meaning set forth in Code section 414(q)(9).

                          (b)     Benefits on Plan Termination.  In the event
         the Plan is terminated, benefits will be paid in a manner that does
         not violate the nondiscrimination requirements of Code section
         401(a)(4) and the applicable regulations.

         20.     Section 15.7 of the Plan is amended in its entirety to read as
follows:

                 15.7     Governing Law.  The Plan will be construed and
         governed in all respects in accordance with applicable federal law
         and, to the extent not preempted by such federal law, in accordance
         with the laws of the State of Texas, including without limitation, the
         Texas statute of





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<PAGE>   15
         limitations, but without giving effect to the principles of conflicts
         of laws of such State.

         21.     Appendix A to the Plan ("Participating Employers") is amended
to delete Dallas - Ft. Worth Suburban Newspapers, Inc. as a Participating
Employer as of April 1, 1994, and to add as Participating Employers the
following Controlled Group Members: Belo Productions, Inc. (as of April 1,
1994); DFW Printing Company, Inc. (as of April 1, 1994); and WWL-TV, Inc. (as
of June 1, 1994).

         22.     The foregoing amendments will be effective as of the following
dates:

                 (a)      The amendment set forth in paragraph 10 will be
         effective as of January 1, 1988.

                 (b)      The amendments set forth in paragraphs 16, 18 and 19
         will be effective as of January 1, 1989.

                 (c)      The amendment set forth in paragraph 12 will be
         effective as of January 1, 1993.

                 (d)      The amendments set forth in paragraphs 1, 3 and 4
         will be effective as of January 1, 1994.

                 (e)      The amendment set forth in paragraph 5 will be
         effective as of April 1, 1994.

                 (f)      The amendment set forth in paragraph 15 will be
         effective with respect to any Participant who dies after December 31,
         1994.





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<PAGE>   16
                 (g)      The amendments set forth in paragraphs 2, 6, 7, 8, 9,
         11, 13, 14, and 17 will be effective as of January 1, 1995.


         Executed this 14th day of December, 1994.


                                                   A. H. BELO CORPORATION



                                                   By  /s/ Michael J. McCarthy
                                                      ________________________




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