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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.
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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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