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Xaraf Management LLC
> BLC
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 12/31/2012 | BELO CORP | BLC | 0 | -62,270 | 0 | -488,000 | |
| 09/30/2012 | BELO CORP | BLC | 62,270 | -45,730 | 488,000 | -208,000 | $7.84 |
| 06/30/2012 | BELO CORP | BLC | 108,000 | 96,000 | 696,000 | 610,000 | $6.44 |
| 03/31/2012 | BELO CORP | BLC | 12,000 | 12,000 | 86,000 | 86,000 | $7.17 |
| 03/31/2011 | BELO CORP | BLC | 0 | -27,896 | 0 | -197,000 | |
| 12/31/2010 | BELO CORP | BLC | 27,896 | 27,896 | 197,000 | 197,000 | $7.06 |
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