The Likely Demise of News Corp's Education Division
The NY Times coverage of Joel Klein's involvement at News Corp focuses on human interest. We learn, for instance, that Klein dropped his notorious Blackberry brick-breaker habit, often on display at Panel for Educational Policy meetings, because his stress levels had fallen. We're more interested here in the fate of Klein and Murdoch's efforts to make big profits off of public education. On that note, here's why News Corp's education division is likely doomed:
The "Education Division" can't be one company and acquisitions will be impossible.
Wireless Generation is the only entity within News Corp's Education Division, which itself sits off in an area with the unimpressive title of "Other Assets". News Corp stock is down, making acquisitions harder to finance and the management is preoccupied with legal challenges and stabilizing ad revenues. Potential acquisition targets will take one look at News Corp's problems and find them quite an unattractive suitor. The division is not about to
The "Education Division" can't be one company and acquisitions will be impossible.
Wireless Generation is the only entity within News Corp's Education Division, which itself sits off in an area with the unimpressive title of "Other Assets". News Corp stock is down, making acquisitions harder to finance and the management is preoccupied with legal challenges and stabilizing ad revenues. Potential acquisition targets will take one look at News Corp's problems and find them quite an unattractive suitor. The division is not about to
