Deseret Management Corporation

For-profit managing company of the LDS Church

Deseret Management Corporation

Company type| Private
Industry| Asset management company
Founded| 1966; 59 years ago (1966)
Founder| The Church of Jesus Christ of Latter-day Saints
Headquarters|

Salt Lake City, Utah

USA

Key people

| Jeff Simpson (President)
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)
Owner| The Church of Jesus Christ of Latter-day Saints
Divisions| Deseret Digital Media
Deseret Media Companies
KSL Broadcast Division
Subsidiaries| Beneficial Financial Group
Bonneville International Corp.
Deseret News
Deseret Book
Hawaii Reserves
Temple Square Hospitality
Website| www.deseretmanagement.com

Deseret Management Corporation (DMC) (/ˌdɛzəˈrɛt/ ⓘ)[1] 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[2] by church president David O. McKay[3] to hold already-existing church media assets.[4] DMC companies provide content, services, and information through a diverse portfolio of companies, with the majority being media and communications brands.

## Subsidiaries

[edit]

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.[5]

## Divisions

[edit]

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

## Leadership

[edit]

In November 2023, previous executive Jeff Simpson was selected to replace previous CEO and President, Keith B. McMullin.[6]

## Relation to the LDS Church

[edit]

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.[citation needed]

## See also

[edit]

* Finances of The Church of Jesus Christ of Latter-day Saints
* Intellectual Reserve

## References

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1. ^ churchofjesuschrist.org: "Book of Mormon Pronunciation Guide" (retrieved 2012-02-25), IPA-ified from «dĕz-a-rĕt´»
2. ^ "Our Mission". Deseret Management Corporation official website. Retrieved 2022-03-29.
3. ^ "Presidents of the Church". The Church of Jesus Christ of Latter-day Saints official website. Archived from the original on 2004-07-05. Retrieved 2009-10-25.
4. ^ "Deseret Management hires former LA Times publisher". Salt Lake Tribune. 2009-02-04. Archived from the original on 2009-02-07. Retrieved 2009-02-11.
5. ^ Hinckley, President Gordon B. "Why We Do Some of the Things We Do". www.churchofjesuschrist.org. Retrieved 2024-04-02.
6. ^ "KSL, Deseret News, other LDS Church media outlets get a new leader". The Salt Lake Tribune. Retrieved 2024-04-02.

* v
* t
* e

Subsidiaries of Deseret Management Corporation

Real Estate|

* Temple Square Hospitality

Media|

* Bonneville International
* Deseret Book
* Deseret Digital Media
* Deseret News Publishing Company

Other|

* Beneficial Financial Group

* v
* t
* e

The Church of Jesus Christ of Latter-day Saints

History|

* 1838 Mormon War
* 1890 Manifesto
* Anthon Transcript
* Brigham Young
* Church of Christ
* First Vision
* Good Neighbor policy
* History of the Relief Society
* Historic sites
* Joseph Smith
* Death
* Succession crisis
* LGBTQ Mormon timeline
* Handcart companies
* Mormon Battalion
* Name of the church
* Pioneers
* Mormonism & violence
* Utah War
* 2023 SEC case

Sacred texts|

* Holy Bible
* Book of Mormon
* Doctrine & Covenants
* Pearl of Great Price
* Book of Moses
* Book of Abraham
* Joseph Smith–Matthew
* Joseph Smith–History
* Articles of Faith

Beliefs
& practices|

* Apostolic succession
* Apostasy & restoration
* Calling
* Cosmology
* Adam & Eve
* Evolution
* Plan of salvation
* Degrees of glory
* Exaltation
* Premortal life
* Family Home Evening
* Fast Sunday
* "For the Strength of Youth"
* Gender
* "Family Proclamation"
* Transgender people
* God in Mormonism
* Heavenly Mother
* Ministering
* Marriage
* Celestial
* Interracial
* Polygamy
* Ordinances
* Baptism for the dead
* Marriage sealing
* Second anointing
* Temple endowment
* Temple garment
* Priesthood
* Race
* Black people
* Black Mormons
* Black temple & priesthood restrictions
* Curses of Cain and Ham
* Native Americans
* Pacific Islanders
* Slavery
* Revelation
* Reformed Egyptian
* Sexuality
* Birth control
* Homosexuality
* Sexual orientation change efforts
* Masturbation
* Soaking
* Spectrums of belief & practice
* Suicide
* Tithing
* Word of wisdom

Culture
& worship|

* Cultural depictions
* Especially for Youth
* Family Services
* Feminism
* Films
* List
* Foodways
* General Conference
* Helping Hands
* Humanitarian services
* Hymns
* Book
* Latter-day Saints Channel
* Liahona magazine
* Missionary service
* Mormons
* Music
* Pageants
* Pioneer Day
* Tabernacles
* Tabernacle Choir
* Temples
* List
* Worship services
* Sacrament

Leadership|

* President
* Russell M. Nelson
* List
* First Presidency
* Quorum of the Twelve Apostles
* Quorums of the Seventy
* Presiding Bishop
* Relief Society
* Sunday School
* Young Women
* Young Men
* Primary

Demographics|

* Membership history
* Statistics by country
* Mormon corridor
* Less-active Mormon
* Ex-Mormon
* LGBTQ Mormons & organizations

Organization|

* Congregational
* Area
* District
* Stake
* Ward
* Statistics
* Church Educational System
* BYU
* BYU-Idaho
* BYU-Hawaii
* BYU–Pathway Worldwide
* Ensign College
* Deseret Management
* Deseret Book
* Deseret Industries
* Deseret Media
* Temple Square Hospitality
* Deseret News
* Bonneville International
* Beneficial Financial
* FamilySearch
* RootsTech
* Philanthropies
* Finances
* Ensign Peak Advisors
* Perpetual Emigration Fund
* Perpetual Education Fund
* Utah Property Management
* AgReserves
* Deseret Ranches

Criticism|

* Anti-Mormonism
* Book of Abraham
* Book of Mormon
* Archeology
* Genetics
* Geographical setting
* Historical authenticity
* Linguistics
* Origin
* Fawn M. Brodie
* No Man Knows My History
* Christian Research Institute
* Ed Decker
* The God Makers
* John Dehlin
* Mormon Stories podcast
* Jeremy Runnells
* CES Letter
* Kinderhook plates
* Salamander letter
* September Six
* Jerald & Sandra Tanner
* Truth & Transparency

Related|

* Bloggernacle
* ComeUntoChrist.org
* Book of Mormon translations
* Joseph Smith Translation
* Joseph Smith Papers
* Dialogue
* FAIR organization
* FARMS organization
* I'm a Mormon campaign
* LGBTQ Mormon suicides
* Mormon fundamentalism
* Mormon History Association
* Mormon studies
* Mormonism & Nicene Christianity
* Relationship to U.S. politics
* LGBTQ rights
* Senkyoshigo
* Sunstone
* Joseph Smith Papyri
* Eyewitnesses
* Kirtland Egyptian papers
* Giving Machine

* Category
* Latter Day Saint Movement
* Outline

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