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Deseret Management Corporation

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.

Company type

Private

Asset management company

1966 (1966)

The Church of Jesus Christ of Latter-day Saints

Salt Lake City, Utah
,
USA

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)

The Church of Jesus Christ of Latter-day Saints

Deseret Digital Media
Deseret Media Companies
KSL Broadcast Division

Beneficial Financial Group
Bonneville International Corp.
Deseret News
Deseret Book
Hawaii Reserves
Temple Square Hospitality

www.deseretmanagement.com

: insurance, investment, and retirement services.

Beneficial Financial Group

: owns radio stations nationwide, Bonneville Interactive, and Bonneville Satellite Company.

Bonneville International Corporation

Bonneville Communications (Boncom): Advertising agency.

: publisher of church-related materials and bookstore chain.

Deseret Book

: Publishes Utah's second-largest daily newspaper, the Deseret News, along with the Church News and El Observador.

Deseret News Publishing Company

: operates Church-owned downtown Salt Lake City properties such as the Lion House and the Joseph Smith Memorial Building.

Temple Square Hospitality

: Operates select web sites of other DMC media companies, including ksl.com.

Deseret Digital Media

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]

The following are DMC subsidiaries:

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

KSL-TV

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.

Finances of The Church of Jesus Christ of Latter-day Saints

Intellectual Reserve