Which one of the following statements about 'New Criticism' is NOT true ?

It insists on close reading of the text and awareness of verbal nuance and thematic organization and is not concerned with the biographical or social backgrounds of works of art.

The text exists as a text on a page, an object in itself, with its own structure, which should be explored in its own terms.

It has strengthened the tradition of old fashioned 'Literary history' in which literature is seen as a succession of dates and influences and it is subjective.

It pays close attention to the formal qualities and internal structure of the work.