Deseret Management Corporation
Deseret Management Corporation is an American operating company, managing select global, for-profit entities affiliated with the Church of Jesus Christ of Latter-day Saints. 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 : 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.