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News Corp taking US$371m write-down on education unit

It'll also stop making tablets for schoolchildren and is in talks to sell its remaining education business

Published Thu, Aug 13, 2015 · 09:50 PM
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New York

AMPLIFY, a much-heralded push by News Corp into digital education, led by Joel Klein, a former New York City schools chancellor, is nearing an inglorious end.

News Corp, controlled by Rupert Murdoch, said on Wednesday that it would take a US$371 million write-down on the education division and would move to wind down the production of tablets for schoolchildren - a key part of the unit's offering.

Moreover, News Corp's chief executive, Robert Thomson, said in an earnings call with analysts that the company was in an …

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