Belo and Yahoo! reach deal for video news clips

NEW YORK (Reuters) - Belo Corp. plans to designate 13 of its television stations as the exclusive provider of local news video to Yahoo in those markets, the companies said on Wednesday.

With the deal, Yahoo plans to host dozens of local news video clips each day, provided by Belo's TV stations. The clips will run in the local section of Yahoo News.

The companies will share advertising revenue generated from the video clips.

(Reporting by Paul Thomasch; Editing by Derek Caney)