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Mormon News: All the News about Mormons, Mormonism and the LDS Church
Posted 30 Jul 2001   For week ended July 20, 2001
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Business News

Ratings Say Bonneville Format Change Right Move
The Spring radio ratings for Chicago show strong ratings for Bonneville International's new radio station, WDRV, indicating that Bonneville's critics may have been wrong about the station's change of format from classical to classic hits. The ratings gave WDRV, "The Drive," a 2.2 percent share of listeners, up from 1.3 percent when the station was known as WNIB last Winter. They also show that WDRV didn't take listeners away from its sister station, WLUP.

MSI: AES Limits MSI Gain to Less than Market
A nearly 10% decline in power company AES Corp. limited the gain in the Mormon Stock Index to less than that of the popular Dow Jones Industrials and NASDAQ indices. The MSI rose 2.93 (2.5%) while the Dow Jones Industrials rose 2.8% and the NASDAQ rose 4%.

Business News Briefs

Property Reserve Selling Atlanta Office Complex
Property Reserve, Inc., the real estate arm of The Church of Jesus Christ of Latter-day Saints, is selling a major office park it purchased in 1988. Broker CB Richard Ellis is marketing the Central Perimeter project, a 14-building, 293,000-square-foot office complex located near Concourse on Hammond Drive in Atlanta that Property Reserve apparently owns as an investment. Industry experts say the complex, which is 80-percent occupied, could fetch $104 per square foot, or about $30 million. Property Reserve purchased the office complex for $25 million in 1988.


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