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Recovery from Mormonism (RfM) discussion forum. 
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Posted by: John Corrill ( )
Date: January 19, 2011 10:29PM
Church sells 17 radio stations - puts $505 million in the coffers (link)

http://www.deseretnews.com/mobile/article/705364727/For-profit-arm-of-Mormon-church-agrees-to-sell-17-of-its-Bonneville-radio-stations.html

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Posted by: Anonymous User ( )
Date: January 19, 2011 10:33PM
Key statement here

Only a small amount of the sale proceeds will go to DMC because the value of the stations lie in their broadcast licenses, which are held by the LDS Church, Willes said. "Most of the funds from this go to the church."

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Posted by: JoD3:360 ( )
Date: January 19, 2011 11:24PM
Selling off assets is the first sure sign of money problems

Gosh golly! Aren't enough members still liking it enough to pay top tithe dollar?

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Posted by: stationarytraveler ( )
Date: January 19, 2011 11:45PM
If anyone wants to listen to......

nearly non-stop commercials be sure to tune in to KSL.
KSL......the station for air-heads.

ST

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Posted by: anagrammy ( )
Date: January 20, 2011 01:25AM
Is this connected to the tax problems we heard they were having? (n/t)


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Posted by: bingoe4 ( )
Date: January 20, 2011 02:29AM
If most of the funds go to the church

do they have to pay taxes?

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Posted by: chiefluma ( )
Date: January 20, 2011 04:33AM
Re: If most of the funds go to the church

Nope! Its a church.

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Posted by: Levi ( )
Date: January 20, 2011 04:44AM
And last year it was Beneficial Life and the DesNews layoffs

Things are looking great from my seat!

I wonder what it will be next year?

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