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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 24 Feb 2001   For week ended February 2, 2001
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Business News

  News Analysis: Bonneville Faces Future of Radio
The Telecommunications Act, signed into law in February 1996, has transformed the radio industry in the past five years, and in the process transformed the LDS Church's Bonneville International Corp. But the full effect of the act may still not have been felt, as technologies enabled by the act transform the industry yet again.

  Bonneville Joins Broadcasters in Suit Over Webcast Royalties
Bonneville International, along with five other broadcasting companies in association with the National Association of Broadcasters, has filed a federal lawsuit that will seek a review of a December 11, 2000 ruling. Broadcasters are hoping to block a US Copyright Office ruling that says they must pay royalties for music that is played on AM/FM radio Internet simulcast broadcasts.

  Mormon Mutual Fund Manager Rides Fund From Boom to Bust
Don Yacktman's downtown Chicago office sports a large reproduction of a Frederic Remington sculpture of a cowboy astride a galloping horse. The sculpture represents rugged individualism and the freedom to follow a solitary but often rocky trail. The work reflects the trails that Yacktman has blazed in the financial world. Born a Westerner and raised and educated in Utah before graduating from Harvard Business School, Yacktman's money-management style is a combination of value investing and extreme patience.

  Dell and AES Push Mormon Stock Index Up Again
For the fourth consecutive week, the Mormon Stock Index rose, although this time by a modest 2%. But the increase caps a 21% rise so far this year, largely thanks to Dell Computer's 52% rise, and more reasonable increases among most of the other stocks on the index. However, this week's rise was fueled as much by power systems manager AES, which rose 10% for the week, while Dell was up 3%.

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