The Liberty Corp. Declares Quarterly Dividend

    Business Editors

    GREENVILLE, S.C.--(BUSINESS WIRE)--May 3, 2005--The board of directors of The Liberty Corporation (NYSE:LC) today declared a regular quarterly dividend of $0.25 per share on common stock, payable on July 5, 2005, to shareholders of record on June 15, 2005. Liberty currently has approximately 18,342,000 common shares outstanding.
    A major group broadcaster, Liberty owns fifteen network-affiliated television stations, including eight NBC affiliates (WAVE-TV, Louisville, KY; WIS-TV, Columbia, SC; WLBT-TV, Jackson, MS; WFIE-TV, Evansville, IN; WSFA-TV, Montgomery, AL; KCBD-TV, Lubbock, TX; WALB-TV, Albany, GA and KPLC-TV, Lake Charles, LA); five ABC affiliates (KLTV-TV, Tyler, TX; KTRE-TV, the satellite affiliate of KLTV in Lufkin, TX; WLOX-TV, Biloxi, MS; WWAY-TV, Wilmington, NC and KAIT-TV, Jonesboro, AR); and two CBS affiliates (WTOL-TV, Toledo, OH and KGBT-TV, Harlingen, TX).
    For further information about Liberty, visit the corporate website, http://www.libertycorp.com.

    The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information contained herein or in any other written or oral statements made by, or on behalf of the Company, is or may be viewed as forward-looking. The words "expect," "believe," "anticipate" or similar expressions identify forward-looking statements. Although the Company has used appropriate care in developing any such forward-looking information, forward-looking information involves risks and uncertainties that could significantly impact actual results. These risks and uncertainties include, but are not limited to, the following: changes in national and local markets for television advertising; changes in general economic conditions, including the performance of financial markets and interest rates; competitive, regulatory, or tax changes that affect the cost of or demand for the Company's products; and adverse litigation results. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future developments, or otherwise.

--30--JS/na*

CONTACT: The Liberty Corporation, Greenville Howard Schrott, 864-241-5400

KEYWORD: ARKANSAS MISSISSIPPI ALABAMA TEXAS SOUTH CAROLINA KENTUCKY INDIANA OHIO NORTH CAROLINA INDUSTRY KEYWORD: ENTERTAINMENT TELEVISION/RADIO CABLE DIVIDEND SOURCE: The Liberty Corporation

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