NEW YORK, Dec. 15 (Xinhua) -- Media conglomerate News Corp. has entered the race for next-generation education technologies, according to media reports on Wednesday.
The Wall Street Journal revealed that News Corp. recently paid 360 million U.S. dollars for 90 percent of Wireless Generation, a New York-based company that develops software to help schools evaluate and monitor student performance and tailor teaching plans accordingly. New York City is Wireless Generation's client.
According to the report, News Corp. Chairman Rupert Murdoch has invited outgoing New York City Schools Chancellor Joel Klein to step in and take charge of Wireless Generation's education initiatives. Klein will start his new job next month.
Murdoch has been critical about the U.S. education system. Both Murdoch and Klein are advocates for reforming the school system and improving its accountability for students' performance.
Murdoch holds an optimistic view about the U.S. education market. Annual worth of the kindergarten-through-12th-grade education market would top about 500 billion dollars.