The Mormon Church owns a for-profit corporate empire worth at least $11 billion. One of the church’s highest-profile companies is a broadcast network that includes mainstream radio stations in eight markets, including Los Angeles, Chicago, Washington D.C., Seattle, Phoenix, St. Louis, Cincinnati and Salt Lake City. The church also owns the NBC television affiliate in Salt Lake City, KSL, Channel 5.
In its campaign against gay marriage, the Mormon Church, through its members, donated up to 70 percent of the funding for California’s Proposition 8, which passed last Tuesday by 52 percent to 48 percent.

The top beef ranch in the world is not the King Ranch in Texas. It is the Deseret Cattle & Citrus Ranch outside Orlando, Fla. It covers 312,000 acres; its value as real estate alone is estimated at $858 million. It is owned entirely by the Mormons. The largest producer of nuts in America, AgReserves, Inc., in Salt Lake City, is Mormon-owned. So are the Bonneville International Corp., the country’s 14th largest radio chain, and the Beneficial Life Insurance Co., with assets of $1.6 billion…

All told, TIME estimates that the Latter-day Saints farmland and financial investments total some $11 billion, and that the church’s nontithe income from its investments exceeds $600 million.

Pensito Review » Mormon Church Owns Mainstream Radio Stations in 8 Top Markets

In Seattle, the Mormon Church owns the right wing talk radio station, which it has branded “The Truth.” That just about says it all, doesn’t it?