The death benefit is a lump sum of cash paid out by the life insurance company when you die. If youâve ever heard someone say, âI took out a one million dollar life insurance policy,â that one million dollars is the death benefit. The beneficiary is the person or organization that will receive the death benefit.
KHON signed on in 1952 as KONA-TV, an NBC affiliate owned by Herbert Richards. The Honolulu Advertiser purchased the station in 1954, and in 1956 the station was sold to Pacific and Southern Broadcasting, forerunner of Combined Communications. In 1965 the call letters were changed to the current KHON-TV.
On May 7, 2007, WHO-TV 13 was acquired by Local TV LLC, a broadcast holding company created in 2007 to acquire nine heritage television stations in eight midÂ¬sized markets. Local TV is owned by Oak Hill Capital Partners, management and a consortium of bankers and high yield lenders.