ADVFN - Advanced Financial Network.
HOME» NASDAQ » N » NWSA Stock Price » NWSA Stock News

News Share News

 News (mm) Stock Price
NWSA Stock Price
 News (mm) Stock Chart
NWSA Stock Chart
 News (mm) Stock News
NWSA Stock News
 News (mm) Company Information
NWSA Company Information
 News (mm) Stock Trades
NWSA Stock Trades

Church of England Sells Small Stake in News Corp

LONDON--The Church of England has sold its small stake in News Corp. (NWS) due to concerns about the media giant's reluctance to improve its corporate governance following last year's phone hacking allegations. The church first raised its corporate governance concerns with News Corp.'s board after the phone hacking allegations, which surfaced in July 2011, and encouraged the company to implement reform. After a year of dialogue between News Corp. and the Church of England's Ethical Investment Advisory Group, the church said 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." In a statement on the church's website, Andrew Brown, secretary of the Church Commissioners, said the decision "was not one taken lightly and follows a year of continuous dialogue with the company, during which the EIAG put forward a number of recommendations around how corporate governance structures at News Corporation could be improved." "However the EIAG does not feel that the company has brought about sufficient change and we have accepted its advice to disinvest," he added. The total shareholding sold was worth 1.9 million pounds ($2.97 million). News Corp. owns Dow Jones & Co., publisher of this newswire and The Wall Street Journal. Write to Lilly Vitorovich at lilly.vitorovich@dowjones.com; Twitter: @LillyVitorovich Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stock News for News (NWSA)
DateTimeHeadline
05/29/201514:30:14U.K. Tabloid Journalist Convicted of Bribery
05/28/201509:00:00New Report Finds Waiting to Buy a Home Could Cost Thousands
05/26/201507:06:51Current Report Filing (8-k)
05/22/201510:00:00News Corp to Participate in Bank of America Merrill Lynch Global...
05/22/201507:00:36Current Report Filing (8-k)
05/21/201511:00:00Harlequin Announces the Launch of Harlequin Audio
05/21/201511:00:00Harlequin Announces the Launch of Harlequin Audio
05/21/201510:50:03U.S. Existing Home Sales Decline 3.3% in April
05/21/201507:40:30U.K. Tabloid Ordered to Pay $1.88 Million to Phone-Hacking Victims
05/20/201516:31:28Specialized Disclosure Report (sd)
05/20/201512:15:10What Is the S&P 500 Index?
05/20/201506:00:00Realtor.com® Campaign Speaks to New Yorkers in the Language...
05/18/201507:10:03Current Report Filing (8-k)
05/17/201520:11:15Booksellers Heap Promotions on New Harper Lee Novel
05/15/201519:55:34Third Point Sells Entire $1 Billion Stake in Alibaba
05/15/201509:07:02Zillow Group Inc Earnings: Is Trulia Trouble or Treasure?
05/14/201509:00:00New Move, Inc. Product Enhancements Increase Lead Conversion...
05/14/201507:36:44Current Report Filing (8-k)
05/12/201516:47:00Realtor.com® Steps Out with New Graphic Look for Web and Mobile...
05/12/201507:52:09Current Report Filing (8-k)

News and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad