Rupert Pulls Plug On Tablets
News is no longer ordering new tablets from its manufacturer in Asia, though it has stock on hand for existing school customers, the Bloomberg news service says.
By the end of this month, News Corp. will have invested more than $1 billion in Amplify, its education division, which sells a digital curriculum and testing services in addition to the tablets, Bloomberg says.
But it says few districts have bought the units, which can be used for classroom work, homework assignments and tracking student performance. The head of the tablet business left the company earlier this year.
For the year ended June 30, 2014, Amplify reported a US$193 million loss on sales of $88 million