After Joel Klein Hire, News Corp. Buys Wireless Generation
nytimes.com:
On Monday, News Corporation announced that it had signed an agreement to buy 90 percent of Wireless Generation for $360 million in cash, its first foray into the for-profit world of education since its book publishing arm, Harper Collins, got out of the textbook business in the mid-1990s. The deal thrusts one of the world's largest media conglomerates behind a concept championed by New York City's schools chancellor, Joel I. Klein: a numbers-based system to evaluate and rank schools and to improve teaching.
Read the whole story: nytimes.com



First Posted: 01/24/11 05:12 AM ET Updated: 05/25/11 07:15 PM ET