Church of England Pulls News Corp Investment Over Phone Hacking Scandal

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By: Katherine Rushton | The Telegraph

The investment is relatively small in the context of News Corp’s $57.49bn market capitalisation, but it will comes as a significant blow to the media group’s standing as an investment vehicle.

The Church Commissioners and the Church of England Pensions Board, who together hold more than £8bn of assets, sold all their shares, after the Church’s Ethical Investment Advisory Group raised “serious concerns” about their holding in the firm.

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