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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended June 25, 2000
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Business News

  LDS Church's Bonneville Communications Swaps LA Station for 4 in St. Louis
The LDS Church's broadcast arm Bonneville Communications has signed a letter of intent to swap its Los Angeles radio station KZLA-FM to Emmis Communications for four stations in St. Louis, Missouri. The deal leaves Bonneville without a station in Los Angeles, the nation's #2 radio market, but gives it four stations in St. Louis, considered a top twenty radio market.

  LDS Entrepreneur's Company To Go Public Next Month
LDS entrepreneur David Huber's company, Corvis Corp., is expected to go public next month, in one of the most anticipated IPOs of the summer. Recent company filings with the US Securities and Exchange Commission say that the company will offer 27.5 million shares for between $13 and $15 a share, valuing the company at more than $4 billion.

  Huntsman's Dispute With U. of Utah Newspaper May Lead To Big Changes
On October 12, billionaire Jon M. Huntsman wrote a letter to the editor of The Daily Utah Chronicle, criticizing an opinion article written by Dave Hancock, former Chronicle editor in chief. Huntsman perceived the August 31 column as personal attacks on his wife. Dave Hancock had criticized Gov. Michael O. Leavitt for appointing Karen Huntsman to the Utah State Board of Regents. He argued that a member of the governing board of Utah's system of higher education should have a college degree.

  LDS Video Magnate Concedes E-Commerce Battle
Mark Wattles, CEO of video store chain Hollywood Entertainment, conceded the battle for online video sales last week to and Hollywood closed the e-commerce operations of its subsidiary, but chose to maintain its database of movie reviews, sending potential customers to former rival

  Marriott Keeping Its Distance From Las Vegas
While most major hotel chains have a casino-hotel on the Las Vegas strip, the Marriott corporation is noticeably absent. Company policy, set by Marriott's founder, LDS Church member J. Willard Marriott Sr., doesn't allow the company to own or operate a casino, or even associate with one. But the Marriott-controlled Ritz-Carlton hotels may now come as close as any Marriott controlled operation ever has.

  Marriott School student wins national stock competition
The stock market's recent slump has left one Marriott School student feeling anything but down. On the contrary, Nathan Gardner, an undergraduate business management major at Brigham Young University, beat out 2,100 students and faculty to win the $100,000 Business School Challenge.

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