NewsCorp To Invest In "Entrepreneurial" Education Initiatives
After much controversy, former Hearst Magazine Chairwoman Cathie Black has taken her place as head of the city’s schools, and former Chancellor Joel Klein is getting ready to start his new job at News Corp.
Black, the first woman to head the New York City School system, started on Monday visiting classrooms and defending her qualifications to run the nation’s largest school system. And NewsCorp’s move to put in Klein signals their investment into education.
Rupert Murdoch, CEO of Newscorp, said in a news release that education “has long been in need of innovation.” News Corporation announced Klein’s hiring shortly after it was reported that he was stepping down from the public school system.
It’s a much more generous salary than the $250,000 a year Klein was making as a public school chancellor when he had a $22 billion operating budget and responsibility for more than one million students. He’s now concerned with growing education initiatives for News Corp and it’s Cathie Black’s turn to educate.