Willes Takes Over KSL Broadcast Group

Deseret Management Corporation President/CEO Mark Willes has
been named CEO of KSL Broadcast Group, which includes KLS SaltLake City and sister radio outlets. He succeeds Bob Johnson, who leaves May
1 to become president/CEO of Deseret Mutual Benefits Administrators, which
administers benefits for the Church of Jesus Christ of Latter-Day Saints.

The Church also owns KSL.

Willes will also oversee Bonneville Communications,
Bonneville Distribution and Bonneville Satellite Company.

Jeff Simpson, executive VP. and COO of Deseret Book Company,
becomes KSL Executive VP and COO.

"All of us involved with the KSL Broadcast Group are
pleased for the opportunity Bob Johnson has to lead Deseret Mutual," said
Willes. "He has served for two decades in the management of KSL and related
broadcast properties and has produced exceptional financial and non-financial
results. His departure provides me the opportunity to become more closely
associated with the remarkable employees that make the KSL Broadcast Group an
extraordinary collection of broadcast assets."

KSL is a market-leading NBC affiliate.

Willes says he looks forward "to working with the KSL management
team and employees to keep KSL in the forefront of that evolution, while
continuing to provide to the Salt Lake and Utah markets the news of record and
leading entertainment they expect from our brands."

Willes' prior experience includes serving as
chairman/president/CEO of Times Mirror.

Deseret Management Corporation manages The Church of Jesus
Christ of Latter-Day Saints' commercial concerns.

Michael Malone

Michael Malone, senior content producer at B+C/Multichannel News, covers network programming, including entertainment, news and sports on broadcast, cable and streaming; and local broadcast television. He hosts the podcasts Busted Pilot, about what’s new in television, and Series Business, a chat with the creator of a new program, and writes the column “The Watchman.” He joined B+C in 2005. His journalism has also appeared in The New York Times, The Philadelphia Inquirer, Playboy and New York magazine.