News Corp.'s $1 Billion Plan to Overhaul Education Is Riddled With Failures - Bloomberg... - 0 views
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Mathieu Plourde on 09 Apr 15"By the end of June, Murdoch's News Corp. will have invested more than $1 billion in Amplify, its division that makes the tablets, sells an online curriculum and offers testing services. Amplify, which never set a timetable for turning a profit, has yet to do so. It reported a $193 million loss last year, and its annual revenue represented only about 1 percent of News Corp.'s sales of $8.6 billion."