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Deseret Management Corporation

For-profit managing company of the LDS Church

Summary

For-profit managing company of the LDS Church

Field	Value
name	Deseret Management Corporation
logo	DMC-Logo.svg
logo_size	250px
type	Private
foundation
founder	The Church of Jesus Christ of Latter-day Saints
location_city	Salt Lake City, Utah
location_country	USA
key_people	Jeff Simpson (President)
industry	Asset management company
owner	The Church of Jesus Christ of Latter-day Saints
divisions	Deseret Digital Media
Deseret Media Companies
KSL Broadcast Division
subsid	Beneficial Financial Group
Bonneville International Corp.
Deseret News
Deseret Book
Hawaii Reserves
Temple Square Hospitality
homepage

/Sheri Dew (CCO) /Kirby Brown (CFO) /Gary B. Porter (Senior Vice President) /Aaron Sherinian (Senior Vice President Global Reach) /David Pearce (Senior Vice President and General Counsel) Deseret Media Companies KSL Broadcast Division Bonneville International Corp. Deseret News Deseret Book Hawaii Reserves Temple Square Hospitality

Deseret Management Corporation (DMC) () is an American operating company, managing select global, for-profit entities affiliated with the Church of Jesus Christ of Latter-day Saints (LDS Church). It was established in 1966 by church president David O. McKay to hold already-existing church media assets. DMC companies provide content, services, and information through a diverse portfolio of companies, with the majority being media and communications brands.

Subsidiaries

The following are DMC subsidiaries:

Beneficial Financial Group: insurance, investment, and retirement services.
Bonneville International Corporation: owns radio stations nationwide, Bonneville Interactive, and Bonneville Satellite Company.
Bonneville Communications (Boncom): Advertising agency.
Deseret Book: publisher of church-related materials and bookstore chain.
Deseret News Publishing Company: Publishes Utah's second-largest daily newspaper, the Deseret News, along with the Church News and El Observador.
Temple Square Hospitality: operates Church-owned downtown Salt Lake City properties such as the Lion House and the Joseph Smith Memorial Building.
Deseret Digital Media: Operates select web sites of other DMC media companies, including ksl.com.
The Church of Jesus Christ of Latter-day Saints Foundation: A non-profit foundation that donates the profits of other DMC companies to various charitable causes, both in Utah and internationally.

Divisions

KSL Broadcast Division: Operates KSL-TV & KSL Newsradio in Salt Lake City, Utah, for the Bonneville International Corporation.

Leadership

In November 2023, previous executive Jeff Simpson was selected to replace previous CEO and President, Keith B. McMullin.

Relation to the LDS Church

DMC is the holding company which owns the tax-paying companies that fall under the umbrella of the LDS Church. DMC's Board of Directors may include the Church's First Presidency, rotating members of the Quorum of the Twelve, and the Presiding Bishopric.

References

IPA]]-ified from «dĕz-a-rĕt´»
"Our Mission". Deseret Management Corporation official website.
"Presidents of the Church". The Church of Jesus Christ of Latter-day Saints official website.
(2009-02-04). "Deseret Management hires former LA Times publisher". Salt Lake Tribune.
Hinckley, President Gordon B.. "Why We Do Some of the Things We Do".
"KSL, Deseret News, other LDS Church media outlets get a new leader".

Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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