EducationInvestor Summit 2015

 
 
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

24/04/2015
Pearson has said its results for the first three months of 2015 are in line with expectations.
23/04/2015
Acorn Care & Education, the children's services provider, has bought Nottingham-based Pathway Care Solutions (PCS) for an undisclosed sum.
23/04/2015
E-book provider EBSCO Information Services has acquired online training firm LearningExpress for an undisclosed sum.
23/04/2015
University Partnerships Programme Group (UPP) has reported a 14% and 16% increase in turnover and ebitda respectively for the year ended 31 August 2014.
23/04/2015
Washington-based Full Measure Education, a technology firm focused on the higher education sector, has raised $5.5 million (£3.7 million) in a Series B funding.
22/04/2015
The Conservatives have promised to increase the hourly funding rate for nurseries if they win the election, following a pledge to double the number of free childcare hours next parliament from 15 to 30.
22/04/2015
UK software solutions, training and consultancy firm HCSS Education is in early-stage talks to take on private equity investment, EducationInvestor understands.
21/04/2015
McGraw-Hill Global Education, the global education publisher, posted a 4% increase in sales in 2014.
21/04/2015
International Public Partnerships (INPP), the London-listed infrastructure fund, has acquired an additional 40% interest in the Lewisham Building Schools for the Future (BSF) portfolio from Babcock Project Investments for £14.3 million.
21/04/2015
Private education in Africa is increasingly accepted as an alternative to public education and of growing interest to investors, a report published by Informa has claimed.


DAC Beachcroft

Features and analysis

Rising demand for private schooling in Dubai has created huge opportunities for providers. But could limited options for financing, staffing shortages and regulation hold them back, asks Daniel Thomas

Narendra Modi’s India is opening itself up to foreign and domestic investment. Could this create opportunities for education businesses targeting the country, asks Zahra Saeed

Houghton Mifflin Harcourt has escaped its debt-laden past and regained the confidence of investors. But will its plans to conquer the digital market pay off, asks Daniel Thomas

The children’s care and education market is in need of a good news story. Acorn chief executive Natalie-Jane Macdonald tells Ploy Radford about her plans to achieve just that

UK-based venture capital firm Albion Ventures has invested in both independent schools and ed tech. Partner Emil Gigov tells us about his approach to the sector

Titus Learning creates learning management systems for international schools. Founder Mike Bennett tells us about his business plan

Proponents say immersive learning could revolutionise learning in schools, but others aren’t so sure. Julian Hall investigates

bo is a new platform that helps publishers and providers to find and license rights-cleared video. Co-founder Paul Naha-Biswas discusses the rise of video in education