The Church of England said today that it has sold its shares in the Murdoch-owned News Corporation over concerns about the company's response to the phone-hacking scandal.
The decision followed the Church's threats to pull its £1.9 million investments from the company if it failed to hold "senior managers" to account in July last year.
It announced that it was "not satisfied that News Corporation had shown, or is likely in the immediate future to show, a commitment to implement necessary corporate governance reform."
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