NYC
01/24/2011 05:12 am ET Updated May 25, 2011

After Joel Klein Hire, News Corp. Buys Wireless Generation

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.

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