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Old 09-29-12, 06:25 PM   #8
geetrue
Cold War Boomer
 
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I can't find the connection, but only remember it being reported that LDS owned 90% in the 1980's as reported in a Catholic ownED San Diego Union Tribune story.

You don't have to own the whole thing if you have most of the stock. I also tried to find out who owns costco (price club), but finally gave up due to they just plainly don't want you to know unless you pay a research center it is useless to find on your own.

Sorry to make this about LA instead of Iran

Quote:
Ostis Chandler (November 23, 1927 – February 27, 2006) was the publisher of the Los Angeles Times between 1960 and 1980, leading a large expansion of the newspaper and its ambitions.[1] He was the fourth and final member of the Chandler family to hold the paper's top position.[1]

He handed control of the paper to people outside the family in the mid-1980s


article from LA Times:

http://articles.latimes.com/2007/apr/03/business/fi-chandlers3

Chandler family: A timeline accompanying an article in Tuesday's Section A about the founding family of the Los Angeles Times and its then-owner, Times Mirror Co., said the highest price of Tribune Co. stock since Tribune acquired Times Mirror in 2000 was $51.90 a share on April 13, 2004. Tribune's stock price peaked at $53 on Feb. 2, 2004, before the end of that day's trading session. The stock's highest daily close since the acquisition was $52.84 on Feb. 11, 2004.

"After 120 years of my family's ownership and leadership of the Los Angeles Times, I am deeply saddened by what appears to be the final severing of this legacy," said Harry B. Chandler, the oldest surviving son of Otis Chandler, the publisher credited with The Times' greatest triumphs. "For me, this newspaper has been more than just a company I worked at or a source of dividends.... Its pages have been the place that brought together our vast city."
The $34-a-share deal will buy out the family's 20% stake in Tribune. The pretax gain for the roughly 170 beneficiaries of the Chandler Trusts will be more than $1.6 billion. That's a healthy payday but a considerable comedown from the value of their shares just three years ago, when Tribune stock was 36% higher.





or you could ask this man what they own?

http://www.exmormon.org/mormon/mormon410.htm

Quote:
I thought you might find interesting this transcript of the US Senate Committee case regarding Mormon Senator Reed Smoot. Where did Mormon Church President Smith find time for meditation, let alone revelation?

Senate Committee Testimony Transcript:

Mr. Tayler (Senate Attorney):What is your business?
Mr. Smith (Mormon Prophet and President): My principle business is that of president of the church.
Mr. Tayler: In what other business are you engaged?
Mr. Smith: I am engaged in NUMEROUS other businesses.
Mr. Tayler: What?
Mr. Smith: I am PRESIDENT of Zion's Cooperative Mercantile Institution.
Mr. Tayler: Of what other corporations are you an officer?
Mr. Smith: I am PRESIDENT of the State Bank of Utah, another institution.
Mr. Tayler: What else?
Mr. Smith: PRESIDENT of Zion's Savings Bank and Trust Company.
Mr. Tayler: What else?
Mr. Smith: I am PRESIDENT of the Utah Sugar Company.
Mr. Tayler: What else?
Mr. Smith: I am PRESIDENT of the Consolidated Wagon and Machine Company.
Mr. Tayler: What else?
Mr. Smith: There are several other SMALL INSTITUTIONS with which I am associated.
Mr. Tayler: Are you associated with the Utah Light and Power Company?
Mr. Smith: I am.
Mr. Tayler: In what capacity?
Mr. Smith: I am a director and PRESIDENT of the company.
Mr. Tayler: A director and the president?
Mr. Smith: Yes, sir.
Mr. Tayler: Had you that in mind when you classified the others as 'small concerns'?
Mr. Smith: No sir, I had not that in mind.
Mr. Tayler: That is a 'large concern'?
Mr. Smith: That is a large concern?
Mr. Tayler: Are you an officer of the Salt Lake and Los Angeles Railroad Company?
Mr. Smith: I am.
Mr. Tayler: What?
Mr. Smith: PRESIDENT and director.
Mr. Tayler: Of what else are you President?
Mr. Smith: I am PRESIDENT of the Salt Air Beach Company.
Mr. Tayler: What else, if you can recall.
Mr. Smith: I DO NOT RECALL JUST NOW!
Mr. Tayler: What relation do you sustain to the Idaho Sugar Company?
Mr. Smith: I am a director of that company and also the PRESIDENT of it.
Mr. Tayler: Of the Inland Crystal Salt Company?
Mr. Smith: Also the SAME POSITION THERE.
Mr. Tayler: The Salt Lake Dramatic Association?
Mr. Smith: I am PRESIDENT of that and also a DIRECTOR.
Mr. Tayler: Are you president of any other corporation there?
Mr. Smith: I DO NOT KNOW. PERHAPS YOU CAN TELL ME!! I DO NOT REMEMBER ANY MORE JUST NOW!
Mr. Tayler: It would seem that the number has grown so large that it would be an undue tax upon your memory to charge you with naming them all.
Mr. Smith: What relation do you sustain to the Salt Lake Knitting Company? Did I already ask you about it?
Mr. Smith: No sir, you did not.
Mr. Tayler: The Salt Lake Knitting Company?
Mr. Smith: I am PRESIDENT of it, and also a director.
Mr. Tayler: The Union Pacific Railway Company?
Mr. Smith: I am a DIRECTOR.
Mr. Tayler: Are you an official of any mining companies?
Mr. Smith: Yes, sir.
Mr. Tayler: What?
Mr. Smith: I am the vice-president of the Bullion, Beck and Champion Mining Company.
Mr. Tayler: The Deseret News?
Mr. Smith: No, sir.
Mr. Tayler: You have no business relations with that?
Mr. Smith: NO SIR.
Mr. Tayler: Is the Deseret News the 'organ of the Church'?
Mr. Smith: Well, I suppose it is in some sense the 'organ of the church'. It is not opposed to the church, at least.
Mr. Tayler: It has for years published, has it not, at the head of its columns, that it is "the organ of the church", or the "official organ of the church"?
Mr. Smith: Not that I know of.
Mr. Tayler: Do you know who owns it?
Mr. Smith: How is that?
Mr. Tayler: Do you know who owns it?
Mr. Smith: I know who owns the building that it is in.
Mr. Tayler: Who owns the building in which it is published?
Mr. Smith: The church.
Mr. Tayler: The church?
Mr. Smith: Yes, sir.
Mr. Tayler: Tell us what you know about the owners of that newspaper.
Mr. Smith: It has been for a number of years past owned by a company --- AN INCORPORATED COMPANY.
Mr. Tayler: What is the name of the company?
Mr. Smith: The Deseret News Publishing Company.
Mr. Tayler: Do you know who its officers are?
Mr. Smith: No, it is not owned by that company.
Mr. Tayler: Oh, it is not?
Mr. Smith: No; it is not.
Mr. Tayler: What do you know ----
Mr. Smith: But I say for years it was owned by a company of that kind.
Mr. Tayler: What do you know about its present ownership?
Mr. Smith: I presume that the present ownership is IN THE CHURCH.
Mr. Tayler: You suppose the present owner is 'the church'?
Mr. Smith: Yes, sir; the church.
Mr. Tayler: I do not want to have any misconstruction put upon your use of the word 'presume' because you do not know that it is so owned?
Mr. Smith: I really do not know so that I could tell you positively.
Mr. Tayler: Who would know?
Mr. Smith: I PRESUME I could find out.
Mr. Tayler: Could you find out before you leave Washington?
Mr. Smith: Perhaps so.

(SOURCE: Reed Smoot Case transcript, Vol. 1, pp. 81, 82, 83, 86, 87, and 88)

A day later, because the ownership of the Deseret News and its articles were keys to the case, Joseph F. Smith testified:

Mr. Tayler: In what form does your church have title to the Deseret News property?
Mr. Smith: It owns the deed.
Mr. Tayler: I am speaking of the newspaper, not the building.
Mr. Smith: The press; yes. I would like to state that when I was asked that question before, Mr. Tayler, I was not aware of the fact that I have since learned from my counsel here that during the trusteeship of Lorenzo Snow the Deseret News plant was transferred from the Deseret News Company to Lorenzo Snow, trustee, in trust. I was not aware of the fact, Mr. Chairman, when that question was asked me yesterday, I believe it was. I have since learned that that is the fact and that my counsel who is here made out the papers for the transfer. .....
Mr. Tayler: So that it is now in YOU as trustee in trust?
Mr. Smith: NOW I OWN IT AS TRUSTEE IN TRUST. Furthermore, I will say that I have discovered since yesterday that there is published on the second or third page of the Deseret News the statement that it is the "organ of the Church of Jesus Christ of Latter-Day Saints"
(Reed Smoot case, Vol. 1, page 158).

As you can see, the Mormon Church has been about business for a very long time.
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