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Church of England Sells Shares of News Corp. Over Phone Hacking Scandal

Reported by The Wrap on Tuesday, 7 August 2012 (on August 7, 2012)
The Wrap
The Church of England signaled Tuesday that it has lost faith in News Corp. after a phone hacking and bribery scandal at the media company's U.K. tabloids.

The church's pensions board said it had sold £1.9 million worth of shares in News Corp. on the advice of its Ethical Investment Advisory Group.

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