After Joel Klein Hire, News Corp. Buys Wireless Generation

After Klein Hire, News Corp Makes $360M Buy Into Education

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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