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Online Learning News and Research
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Tuesday, January 07, 2003
After Losing Millions, Columbia U. Will Close Its Online-Learning Venture - SCOTT CARLSON, Chronicle
Columbia University announced on Monday that it will shut down Fathom, its for-profit online-learning venture, which had been designed to sell Web-based courses and seminars to the public. In its two years of operation, the venture featured material from a dozen prominent institutions and attracted widespread media attention, but it was never profitable. Two weeks ago, the board that runs Fathom voted to dissolve the online venture and move some of its resources into other digital-media projects at Columbia. The site will likely go offline sometime in March.
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