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Article

7 Aug 2012

Author:
BBC

News Corp shares sold by Church of England

The Church of England has sold its shares in News Corp on fears that the media group has not learnt lessons from the phone-hacking scandal...[I]t said that after a year of dialogue it was not satisfied that News Corp was committed to implementing the necessary corporate governance reform...[suggested by its ethical investment advisory group, EIAG]...Shareholders with assets worth more than $1.6tn (£1tn) are backing the appointment of an independent chairperson at News Corp.