Deseret Management Corp.

Private Company, Headquarters Location
60 E South Temple, Ste. 575, Salt Lake City, UT 84111-1016, United States
(801)538-0651, (801)538-0655 fax, http://www.deseretmanagement.com

Primary SIC: Nonresidential Building Operators, Primary NAICS: Lessors of Nonresidential Buildings (except Miniwarehouses)
Description: Real Estate: Commercial and residential property management and land developer. Communications: Radio and television broadcasting and satellite television services. Insurance: Life insurance. Manufacturing: Newspaper and book publishing. Services: Video production and hotels. Finance: Holding company. More

Religion is the focus of the Deseret Management Corp. Founded in 1932 and based in Salt Lake City, Utah, they are responsible for the distribution of media for the Church of Jesus Christ of Latter-day Saints (LDS). The Mormon Church has numerous, diverse commercial businesses which include a Mormon-based radio network, TV broadcasting, booksellers and the Deseret News newspaper. Deseret Book, a subsidiary of Deseret Management has 32 stores in 10 states throughout western U.S. that offer LDS publications. Its three major divisions handle publishing, along with the wholesale and retail sale of books. Through the radio network, they broadcast by cable, satellite and 10 FM subcarrier signals in major markets. In conjunction with the Mormon philosophy, Deseret does not accept advertising for alcohol or other products that would be objectionable to the church. Deseret Management Corp. has real estate investments and owns three life insurance firms. Their major competitors are Barnes & Noble, Reader's Digest, and Thomas Nelson.