From here:

The Church of England has sold its shares in Rupert Murdoch’s News Corp. over its handling of a phone hacking scandal at one of its newspapers.

Anglican leaders said in a statement Tuesday that they were not satisfied that News Corp. was likely to show a commitment to reform its business practices following evidence of illegal eavesdropping at the defunct News of the World newspaper.

Church official Andrew Brown said the decision to sell the 1.9 million pounds (US$3 million) in News Corp. shares followed a year of inconclusive dialogue between News Corp. executives and members of the church’s ethical investment committee.

All done with no Listening Process, no Continuing Indaba and no Generous Pastoral Response.

Sorry, I forgot: they don’t apply to shady business practices, only shady sexual perversions.