Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Church of England Sells News Corp. Stake After Phone Hacking

The Church of England sold its stake in News Corp. saying the company controlled by Rupert Murdoch hadn’t shown a commitment to corporate governance reforms after a phone-hacking scandal.

The church sold all its News Corp. shares, worth 1.9 million pounds ($2.4 million), it said in a statement on its website today. The move came after a year of talks between the two sides regarding church-recommended governance reforms.

Following talks, the church’s ethics advisory group “does not feel that the company has brought about sufficient change and we have accepted its advice to disinvest,” according to the statement.

About 60 people have been arrested in probes into bribery and phone and computer hacking that began with New Corp.’s U.K. publishing business, News International.

Church of England investment bodies own assets worth more than 8 billion pounds, which helps pay for a network of 12,000 parishes, it said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.