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Deseret Management Corporation (DMC) (/ ˌ d ɛ z ə ˈ r ɛ t / ⓘ) [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]
The LDS Church divested itself of the Seattle stations between 1995 and 1997, but reacquired KIRO-AM 10 years later. [1] The company has also owned stations in New York City, Dallas, Kansas City, and Los Angeles at one point. In 1980 it formed Bonneville Communications Corporation, primarily to broadcast LDS General Conference.
Catholic Church in Australia: 23.25 Australia: Catholicism: Extrapolated figure from calculating assets and investments in the state of Victoria. [7] Seventh-day Adventist Church: 15.6 United States: Adventism: As of 1998. [8] Church of England: 13.84 United Kingdom: Anglican: Endowment funds. [9] Church of Sweden: 11.41 Sweden: Lutheran: FY2012.
The top 10 holdings of the Mormon church's $55 billion stock portfolio include a new AI stock. Matthew Fox. Updated August 19, 2024 at 1:11 PM. Getty Images.
The Wilshire Ward Chapel, formerly known as the Hollywood Stake Tabernacle, is a meetinghouse of the Church of Jesus Christ of Latter-day Saints in Los Angeles, California. The building is listed as a Los Angeles Historic-Cultural Monument and on the Mormon Historic Sites Foundation registry.
Company Industry City Activision Blizzard: video games: Santa Monica [1] A-Mark Precious Metals: precious metals trading: Big 5 Sporting Goods: sporting goods: Capital Group Companies: financial services: Delta Scientific: defense & security: Deluxe Entertainment Services Group: entertainment: Dine Brands Global: restaurants: Dollar Shave Club ...
The Church of Jesus Christ of Latter-day Saints and its investment arm have been fined $5m for using shell companies to obscure the size of the portfolio under church control, the US Securities ...
The Los Angeles Temple was announced on March 23, 1937, by church president Heber J. Grant, when the church purchased 24.23 acres (98,000 m 2) from the Harold Lloyd Motion Picture Company. Construction was to begin soon thereafter, but financial difficulties relating to the Great Depression and World War II delayed its construction.