Murdoch buys education technology company
By Valerie Strauss/Washington Post
This didn't take long: Joel Klein announces Nov. 9 that at year’s end he will resign as York City’s Schools chancellor to become executive vice president at Rupert Murdoch’s News Corp. Yesterday, the company announced that it was buying a technology company with big financial ties to the New York City school system. Murdoch’s company, according to a story at businesswire.com, is acquiring 90 percent of Wireless Generation, a privately held Brooklyn-based education technology company, for approximately $360 million in cash. It will become a subsidiary of News Corp. One of the things Wireless Generation does is build large-scale data systems that centralize student data and is a “key partner to New York City’s Department of Education on its Achievement Reporting and Innovation System (ARIS) as well as on the City’s School of One initiative,” the story said. (The ARIS contracts -- worth tens of millions of dollars -- and the contracts the New York City Education Department has issued for its School of One program were apparently negotiated rather than competitively bid.) (more…)