By Kevin McCauley
Former New York City Chancellor Joel Klein is to spearhead Rupert Murdoch’s News Corp.’s foray into the educational arena.
As executive VP in the Office of the Chairman, Klein will serve as senior advisor to Murdoch working on "developing business strategies for the emerging educational marketplace."
Klein’s "record of achievement leading one of the country’s toughest school systems has given him a unique perspective that will be particularly important as we look into a sector that has long been in need of innovation," said Murdoch in a statement.
The NYC system has 1,700 schools, 1.1M students, 136K employees and a $22B operating budget.
Washington Post Co. is the leading media player in the educational market as its Kaplan unit ranks as its No. 1 revenue and profit generator.
Kaplan, like other for-profit educational systems, currently faces tough federal scrutiny for allegedly overselling employment opportunities and leaving students burdened with heavy debt.
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