by Inside Higher Ed
The New York Times Company is closing down the Knowledge Network, its five-year-old venture into online learning, a company spokeswoman said on Friday. The Times announced the venture with much fanfare in 2007, believing that the esteem with which it is held in higher education and especially the depth of its content would give it a leg up in the increasingly crowded distance education market (and, like many newspaper companies, hoping to generate new lines of revenue as its traditional businesses sagged). The company established partnerships with a relatively small number of colleges and other organizations to offer courses jointly as well as offering its own, but the business apparently did not take off.
http://www.insidehighered.com/quicktakes/2012/06/11/new-york-times-shutter-online-learning-venture
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