Wireless Generation, a US education technology company, will become a subsidiary of News Corporation for about $360 million in cash as Rupert Murdoch seeks to expand his company into academia.
The company provides technology solutions for an audience of over 3 million students nation-wide.
On Monday, News Corporation, the parent company of the Fox News Channel, announced it signed an agreement to buy 90 percent of Wireless Generation. The remaining shares will be retained by general manager Larry Berger, who will remain in his post.
“We see a $500 billion [education] sector in the US alone that is waiting desperately to be transformed by big breakthroughs that extend the reach of great teaching,” Murdoch said in a statement.
“Wireless Generation is at the forefront of individualized, technology-based learning that is poised to revolutionize public education for a new generation of students.”
The Brooklyn based company develops web-based software that allows teachers to track students academic progress and develop curriculum based on students’ individual needs.
Wireless Generation was founded in 2000 and has 400 employees.
“We’re delighted to be joining a company that has a long history of growing entrepreneurial, innovative businesses,” Berger said.
“Rupert believes in the power of digital platforms to reach more people with better information, more swiftly than ever and he understands the transformative effect technology can bring to the process of learning.”
At the Media Institute Awards Dinner on October 6, Murdoch dubbed public schools “failure factories” and called for an overhaul of the US education system.
“The failure rates of our public schools represent a tragic waste of human capital that is making America less competitive,” Murdoch said. “Upward mobility in America is in jeopardy unless we fix our public schools.”
On November 9, New York City Department of Education Chancellor Joel Klein was hired to be a senior adviser to Murdoch. Klein said his job was to “put them in the burgeoning and dynamic education marketplace.”
Millennials are moving to Trump-backing states — and the GOP should be terrified: columnist
Millennial voters are substantively more progressive than older generations of voters, but their political power has been diluted by the fact that many of them have been concentrated in cities in deep-blue states.
However, The Atlantic's Derek Thompson argues that this is about to change because more millennials are leaving the big blue-state cities to move out to metro areas in key states such as Arizona, Georgia and Texas.
"The five fastest-growing metros of the past few years -- Dallas, Phoenix, Houston, Atlanta, and Orlando, Florida -- are in states won by Trump," he writes. "The other metro areas with a population of at least 1 million that grew by at least 1.5 percent last year were Las Vegas; Austin, Texas; Orlando, Florida; Raleigh, North Carolina; Jacksonville, Florida; Charlotte, North Carolina; San Antonio; Tampa, Florida; and Nashville, Tennessee. All of those metros are in red or purple states."
‘The man who sold America’: Mitch McConnell’s mountain of political sins catalogued in devastating new profile
Mitch McConnell finally has the power he's longed for since he was a 22-year-old intern for Sen. John Sherman, but his ruthless march to become Senate majority leader has seen him abandon almost all of his stated principles -- and earned him a lot of enemies.
The Kentucky Republican has been unpopular in his home state for years, but this summer has seen his approval rating plunge to 18 percent after MSNBC's Joe Scarborough tarred and feathered him with the nickname "Moscow Mitch," and he's increasingly seen as "the man who sold America," reported Rolling Stone.
Sarah Sanders rages on Fox News that the ‘out-of-control’ media is ‘making stuff up’ about Trump
In her new gig as a Fox News contributor, former White House spokesperson Sarah Huckabee Sanders complained to host Sean Hannity that the "out-of-control" media makes "stuff up" about Donald Trump because they hate him for winning in 2016.
Sanders, who once told reporters that "countless" FBI agents had lost confidence in James Comey only to later tell investigators from special counsel Robert Mueller's office that she made it up, complained to the Fox host about the press being untrustworthy.