Christie + Co

Essential reading for education companies worldwide
 
 
Remember me:
Skip Navigation LinksEI article
News Corp kick starts education division

Global media giant News Corp has unveiled further details of its plan for the education sector.
 
In a statement released on Monday Joel Klein, the chief executive of News Corp’s education arm, unveiled its new brandname ‘Amplify’. 
 
The new division will offer digital products and services for parents and teachers of school age children. It’s also teamed up with telecommunication provider AT&T to provide products such as tablet computers and wifi services to US schools during the 2012-13 academic year.
 
Klein said in Monday’s statement: “Amplify will introduce new products in a thoughtful way, so that technology can finally live up to its promise to advance learning and augment teaching for students, teachers and parents everywhere.”
 
Amplify will include three sub-divisions; educational analytics, digital content, and new distribution platforms. 
 
News Corp announced plans to launch an education arm in 2010, and acquired a 90% education software company Wireless Generation in a $360 million (£229 million) deal later that year. Since then, however, there’s been little news of the new venture, leading to speculation that the UK phone hacking scandal was delaying its roll out.
 
Earlier this year Wireless Generation’s chief executive Larry Berger told the Wall Street Journal that the firm had looked at additional acquisitions, but had decided instead to focus on developing new products. 
 
This week’s announcement is part of a larger restructuring by News Corp as it prepares to split into two separate publicly traded corporations. 
 
The education division will join News Corp’s newspapers and its HarperCollins book division in a newly formed publishing company. Meanwhile, the group’s entertainment assets will form another, larger company. 


Posted on: 26/07/2012




Latest news

23/06/2017
Irish further education provider the Digital Marketing Institute is up for sale according to sources, EducationInvestor can reveal.
23/06/2017
Publishing companies Cengage Learning, McGraw-Hill Global Education and Pearson are suing bookstore operator Follet for “the distribution of unlawful counterfeit copies of educational textbooks”.
23/06/2017
Online tutoring firm MyTutor has bagged £3 million in a Series A financing round led by Mobeus Equity Partners.
22/06/2017
Student accommodation provider GSA has bought its first development in Spain from Oaktree Capital Management for an undisclosed sum.
22/06/2017
Training provider the Digital Marketing Institute has announced a partnership with QA to offer professional certifications.
22/06/2017
Shanghai-based Retech Technologies has listed on the Australian Stock Exchange (ASX) with an expected market cap of A$107.9 million (£64.3 million).
20/06/2017
Mid-market private equity firm BV Investment Partners has invested $150 million (£118.4 million) in ed tech firm Hero K12.
20/06/2017
Dubai education group GEMS Education is preparing for an IPO that could fetch about $4 billion (£3.1 billion) next year, Bloomberg has reported.
19/06/2017
The UK ranks number one for ed tech venture capital funding in Europe, contributing 34% or £178 million in total, research by EdTech Week and EdTechXGlobal has found.
19/06/2017
Private equity firm CVC Capital Partners has bought a controlling stake in training firm QA for £700 million from owner Bregal Capital, according to the Financial Times.



Parthenon

Britain | BPP and beyond

From establishing the UK's first private university dedicated to business and the professions to leading two significant sales, six acquisitions and a merger, there aren't many as well placed as the former BPP group chief executive to predict the direction of the private higher education market. Ledetta Asfa-Wossen spoke to him about his career to date and what the future could and should look like
Read more...


Christie + Co

EducationInvestor Global events

Features and analysis

The way schools are to manage their data is about to change significantly, Simon Harbridge, chief executive of Stone Group, discusses how providers should prepare for the new regulation

Clio Online offers 100% digital learning materials in Denmark and Sweden. Founders Louise Herping Ellegaard, Lasse Guldsborg and Janus Benn Sørensen tell us more

Schools moving to a cloud-based learning system will need to make an investment but there are long-term cost gains that could help balance the books, says Steve Forbes, head of networks at RM Education

Liva Vikmane, vice president of the European Students’ Union explores the potential value of integrating refugees into a host country’s higher education system

Laureate Education’s chief executive of Europe, Amit Sevak, discusses global education trends

A renewed focus on assessment in the Middle East is helping to build a quality framework for the region to provide better schools but some challenges remain, says Nalini Cook, Middle East head at ISC Research

Student accommodation is a hot topic in the global property market and it is attracting new institutional investors from Asia. Kirsten Noben surveys the space

China IPOs have led the education business headlines for some time now, but why? Adrian Murdoch takes a look at the recent positive market activity

Deloitte