Ownership Society News

Before he left his post as NYC chancellor, Joel Klein made sure his nest was feathered. He helped put together a mega-deal for his new boss, Rupert Murdoch, a deal that would give the media mogul a no-bid entry point into the highly profitable New York public education market. The deal has Murdoch's News Corp acquiring 90 percent of Wireless Generation, a Brooklyn-based education technology company for teachers, for approximately $360 million.

Education in the U.S. is a $500 billion sector “waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching,” said Murdoch in a statement, and Wireless Generation is at the “forefront” of individualized, tech-based learning. (Business Insider)

Wireless is 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.