Tuesday, October 05, 2004

Mormon Church buys KTAR

The Arizona Republic
Oct. 5, 2004 12:00 AM

Bonneville International Corp. of Salt Lake City will acquire KTAR, KKLT-FM (98.7) and KMVP-AM (860) from Emmis Communications Corp. in a deal announced Monday.

Bonneville is owned by the Deseret Management Corp., a holding company that manages the for-profit businesses for the Church of Jesus Christ of Latter-day Saints.

On its Web site, the company describes itself as a "values-driven company composed of values-driven people."Bonneville officials said the company will retain all Phoenix employees and plans no format changes.

http://www.azcentral.com/arizonarepublic/business/articles/1005KTARsold05.html

Will Bonneville have a problem when talk show host David Leibowitz makes fun of Mormon legislators for some of the crazy laws they propose? Will Leibo be history? Stay tuned.