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Online Learning News and Research
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Saturday, April 19, 2003
Investments in Privately Held Distance-Education Companies Dropped in 2002, Report Says - FLORENCE OLSEN, the Chronicle
Companies whose focus is investing in privately held businesses have cut back sharply on their investment in for-profit distance education, for-profit colleges, and other college-related information-technology businesses. Such investment fell nearly 45 percent in 2002, to $92-million, compared with $167-million in 2001, according to a recent report. The steep falloff occurred despite record revenues reported last year by the top publicly traded for-profit colleges, led by the University of Phoenix Online.
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