On October 1, 1892, The Deseret News Company leased the "News" along with all the company's printing, bookbinding, and merchandising to the Cannon family. The family was, at that time, operating the George Q. Cannon & Sons bookstore in downtown Salt Lake City. When the lease began the family formed the Deseret News Printing Company, which was to be the lessee, while The Deseret News Company would remain a legal entity as the lessor. Two children of former "News" editor George Q. Cannon would play prominent roles during this period, with John Q. Cannon as editor and Abraham H. Cannon as business manager. The leasing had occurred due to financial troubles, and the Cannon family hoped to make the business profitable. This did not happen and the paper's assets and property were transferred back to The Deseret News Company on September 7, 1898; after almost six years under the control of the Cannon family. The family's Deseret News Publishing Company was dissolved after the lease was gone, and within a few months The Deseret News Company was also dissolved and ownership of the paper was returned directly to the LDS Church.