Ed-Tech Advocates Eye Rupert Murdoch's Move Into K-12 Market
News Corp.'s Purchase of Wireless Generation Follows Hiring of Klein
Educational technology experts say the purchase of ed-tech company Wireless Generation by media mogul Rupert Murdoch’s News Corp. raises questions about how effective the partnership will be over the long haul, but they hope the Nov. 22 announcement inspires further large-scale private investment in the K-12 technology market.
They say the deal—in which News Corp. bought 90 percent of New York City-based Wireless Generation for $360 million—is far from a certain success. While the media conglomerate’s expansive resources may be unparalleled within the relatively small ed-tech business sphere, News Corp. may find it challenging to define its footprint in that world—perhaps one of the reasons it also recently announced the hiring of outgoing New York City Schools Chancellor Joel I. Klein as an executive vice president in the office of the chairman, where he is expected to help oversee educational endeavors.
Further, observers say, the longer, slower business cycle that typifies the education market may take some adjustment on the part of the world’s third-largest media company, which counts the 20th Century Fox film company, Fox’s numerous TV enterprises, The Wall Street Journal , the New York Post , and book publisher...
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