Comments: News Corporation: Statement from the Church of England's Ethical Investment Advisory Group

Murdoch's stranglehold over our democracy for decades and only now are questions being raised as the share price nose-dives Enron-style?

Posted by A J Barford at Saturday, 9 July 2011 at 4:28pm BST

Is it too much to hope that Murdoch's evil empire is about to collapse?

Posted by JPM at Saturday, 9 July 2011 at 5:41pm BST

I have to question the wisdom of announcing any potential action in the city in advance, someone really does not know what they are doing!

Secondly as a Christian I'm disgusted that the Church Commissioners for England has $6m invested in "The Sun." That is more disgraceful and I think that there should be an enquiry as to why such an investment was made originally?

Posted by Keith at Saturday, 9 July 2011 at 6:00pm BST

They actually *welcome* the closure of NotW?! Notwithstanding that the closure scapegoats the innocent bulk of the employees, sacrificing their livelihood while sparing the top executives who actually bear the responsibility?

Confusing ethical calculus from this C of E body, this is -- although in recent years that is not entirely surprising.

Posted by David da Silva Cornell at Saturday, 9 July 2011 at 7:18pm BST

Clearly the ethical standards of the Church of England follow the pack.

The actions of the News of the World are not new nor only just revealed; it's the extent and particular targets of phone hacking that are now headline news. Payments to the police and other illegal payments for confidential information have been reported before and ignored.

Wouldn't it be nice if the CofE's ethical concerns as embodied in its investments were ahead of the curve of public opinion?

Posted by Paul Bagshaw at Sunday, 10 July 2011 at 10:03am BST

David da Silva Cornell and Paul Bagshaw together make the argument.

Against which, I am sorry to say there seems little defence.

Posted by Martin Reynolds at Sunday, 10 July 2011 at 8:30pm BST

@ Keith -- one assumes that the Church Commissioners invested in The Sun because they thought it would make money. The Sun has been like the Fox News in the UK since Lord Northcliffe -- basic theme seems to be naked women, soccer & less taxation (I'm sure the Gospel must be in there somewhere ... no, I'm not).

Posted by Prior Aelred at Monday, 11 July 2011 at 10:08am BST

What on earth was the Church Commissioners doing investing in this company in the first place? It is not as though their journalistic stance and behaviour wasn't well known for a very long time. How on earth can page 3 be held to be an appropriate investment for the church let alone anything else. That's the real story and real question!

Posted by Ian Black at Sunday, 17 July 2011 at 3:27pm BST
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