Complex sentence: The King Broadcasting name lives on as a holding company within Belo's corporate structure; it is still the licensee for the former King Broadcasting television stations except KHNL, which was sold to Raycom Media in 1999.
Split into simpler sentences: The King Broadcasting name lives on as a holding company within Belo's corporate structure. It is still the licensee for the former King Broadcasting television stations, except KHNL, which was sold to Raycom Media in 1999.