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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended December 15, 2000
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Business News

  Tribune Loses Attempt To Block Sale
US District Court Judge Tena Campbell turned down the Salt Lake Tribune's request that she halt the paper's sale to Denver's MediaNews group. Campbell denied all the Tribune's claims, saying that the evidence did not support the claims. The Tribune said it plans to appeal the ruling to the US 10th Circuit Court as early as Monday.

  Bonneville Buys Chicago's WNIB, Fans Fear Format Change
LDS Church-owned radio company Bonneville International agreed last week to purchase Chicago classical music station WNIB-FM and its sister station WNIZ-FM for $165 million increasing Bonneville's presence in Chicago to five stations. But the announcement left fans of the 45-year-old station certain that it will not keep the classical format, instead choosing a more profitable format that fits better with Bonneville's other stations in Chicago.

  Huntsman Gives School To Armenia
LDS billionaire Jon Huntsman's commitment to Armenia has brought the country a new school. The earthquake-devastated city of Gyumri recently dedicated a new 20-classroom school financed by Huntsman.

  Stirling Member Selling Business
Five years ago, Reg Ellet, a member of the Lethbridge Alberta East Stake, conceived a product which would help seniors find recreation in an area many would never think they could.

  Myriad Genetics' Cancer Drug Purchase Lifts MSI
Myriad Genetics' purchase of the rights to a potential cancer drug pushed its stock price up more than 35% for the week, contributing the most to a rise in the Mormon Stock Index for the week. Along with the broader NASDAQ's more than 10% rise, the MSI rose 5.5%, also helped by strong performances from Micrel Semiconductor, which rose nearly 40% and Corvis, which rose 26%.

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