NEWS CORP HOLDERS FILE PROPOSAL FOR INDEPENDENT CHAIRMAN

(The following is a reformatted version of a press release
issued by Christian Brothers Investment Services and received
via electronic mail. The release was confirmed by the sender.) 
SHAREHOLDERS FILE RESOLUTIONS WITH NEWS CORPORATION SEEKING
CORPORATE GOVERNANCE REFORMS 
Resolutions Filed by Investors Call for Appointment of an
Independent Chair and Elimination of Dual Class Structure 
NEW YORK - May 8, 2013 - Christian Brothers Investment Services
(CBIS) and the British Columbia Investment Management
Corporation (bcIMC) in Canada have filed a joint shareholder
proposal calling for the establishment of an independent Chair
of the Board at News Corporation. The resolution is also
supported by the Local Authority Pension Fund Forum (LAPFF) in
the U.K. 
Concurrent with the CBIS filing is a resolution by the Nathan
Cummings Foundation calling for the elimination of the company’s
dual-class share structure, which gives the Murdoch family de-facto control of the Corporation despite their ownership of only
about 14 percent. 
A resolution introduced at last year’s meeting which called for
an independent chairman was approved by two-thirds of the
independent shareholders, while another calling for the
elimination of the company’s dual-class share structure was
approved by 62 percent of the public shareholders. The
shareholders believe that by responding positively to these
corporate governance issues, News Corporation can improve
oversight of management, reduce business risk and better
represent the interests of all shareholders.
These two resolutions are the latest salvos in an ongoing
campaign by concerned institutional investors to dramatically
revise the corporate governance practices at News Corporation. 
The resolutions have been filed in advance of the May 7 deadline
to be considered at the 2013 annual general meeting. 
For further information please contact: 
Rachael Fisher-Layne for Christian Brothers Investment Services
JCPR
Tel :     +1 973-850-7318
Mobile : + 1 973-229-844
rfisher-layne@jcprinc.com 
Tom Powdrill
Head of Communicactions
PIRC Limited
(LAPFF research and engagement partner)
Tel: + 020 7392 7887
Mobile: + 07764 200896
TomP@pirc.co.uk 
Gwen-Ann Chittenden
Manager, Corporate Initiatives
British Columbia Investment Management Corporation (bcIMC)
Email: communications@bcimc.com
Tel : + 1 250-387-4650 
Laura Campos
Director of Shareholder Activities
Nathan Cummings Foundation
Tel: 1 212-787-7300
laura.campos@nathancummings.org 
About Christian Brothers Investment Services
Christian Brothers Investment Services, Inc. (CBIS) is a leader
in Catholic socially responsible investing (SRI) with
approximately $4.6 billion in AUM for Catholic institutions
worldwide, including dioceses, religious institutes, educational
institutions and health care organizations. CBIS’ combination of
premier institutional asset managers, diversified product
offerings, and careful risk-control strategies constitutes a
unique investment approach for Catholic institutions and their
fiduciaries. CBIS strives to integrate faith-based values into
the investment process through a disciplined approach to
socially responsible investing that includes principled
purchasing (stock screens), active ownership strategies (proxy
voting, dialogues, and shareholder resolutions) and community
investment. www.cbisonline.com 
About LAPFF
The Local Authority Pension Fund Forum (LAPFF,
www.lapfforum.org), which was set up in 1991, is a voluntary
association of 55 public sector pension funds based in the UK.
It exists ‘to promote the long-term investment interests of
local authority pension funds, and to maximize their influence
as shareholders to promote corporate responsibility and high
standards of corporate governance amongst the companies in which
they invest.’ The Forum’s members currently have combined assets
of over £115 billion. PIRC is the Research and Engagement
partner of the Forum. 
About The British Columbia Investment Management Corporation
(bcIMC)
The British Columbia Investment Management Corporation is one of
Canada’s largest institutional investors managing a global
investment portfolio of C$98.7 (gross assets) as at December 31,
2012.  As a responsible investor, bcIMC incorporates
environmental, social and governance considerations into our
investment processes to protect and grow the long-term financial
value of our clients’ funds.  Based in Victoria, British
Columbia, bcIMC invests in all major asset classes including
infrastructure and other strategic investments.  bcIMC’s clients
include public sector pension plans, public trusts, and
insurance funds.  For more information visit www.bcimc.com. 
About Nathan Cummings Foundation
The Nathan Cummings Foundation is a private foundation and an
institutional shareholder, and submits shareholder resolutions
on issues that lie at the intersection of its programmatic
interests and long-term shareholder value. More information
regarding the Foundation can be found at www.nathancummings.org. 
(bjh) NY 
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