PROFILE |
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While the Church of Jesus Christ of Latter-day Saints handles the spiritual, Deseret Management takes care of the worldly. The holding company oversees a portfolio of for-profit ventures for the Mormon Church, including about 20 radio stations, a TV station, and Salt Lake City's "Deseret News" newspaper. Its Deseret Book Company publishes primarily inspirational books under four imprints and operates a chain of more than 30 book stores in about a dozen states. Deseret also houses life insurance, farm and agriculture management, hotel and restaurant management, and property management services. Founded in 1932, Deseret Management does not accept advertising for alcohol or other goods objectionable to the church.
COMPETITION |
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The Reader's Digest Association, Inc. (RDA)
Thomas Nelson, Inc. (TNM)
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FINANCIAL OVERVIEW |
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Fiscal Year-End: December
1999 Sales (mil.): 715.00
1-Yr. Sales Growth: (4.7)%
Employees: 3,000
Revenue per employee: $238,333.33
KEY PEOPLE |
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Gordon B. Hinckley
CEO
CONTACT INFO |
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60 E. South Temple, Ste. 575
Salt Lake City, UT 84111
US
Phone: 801-538-0651
Fax: 801-538-0655
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