Andrew Edgecliffe-Johnson:

Joel Klein, the head of News Corp’s new education division, has drawn up plans for “significant” acquisitions in the school data, assessment and interactive content development areas, but ruled out acquiring a traditional publisher.
Five months after he joined Rupert Murdoch’s media group, the former chancellor of New York City’s public school system said he had started due diligence on possible deals to follow the $360m acquisition last year of 90 per cent of Wireless Generation, a US education software company.
“I’d expect in the next [few] months we’d be making some acquisitions,” he told the Financial Times, a day after appointing two executives to bolster News Corp’s push into education. “There’s the willingness to put in significant capital if the numbers make sense.”
News Corp’s move into education puts it into competition with groups such as Pearson, which owns the Financial Times and McGraw-Hill, which are expanding beyond textbook publishing into digital learning systems, assessment tools and services for schools.
Mr Murdoch had not “put a number on” the amount of capital he was willing to commit, but was making a long-term bet on education, Mr Klein said.