How much time does ex-schools chancellor Joel Klein spend on the News Corp. scandal?
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How much of his time does Joel Klein devote to matters related to News Corp's scandal in the U.K.?
About a third, according to The New York Times' Amy Chozick, who has a piece today on Klein's bifurcated role within the company, which hired the former New York City schools chancellor back in 2010 primarily to plot its course in the education market.
Of course, some of that momentum has been thwarted by the phone-hacking saga itself, which began to kick up dust not long after Klein had settled in as Rupert Murdoch's education czar. Last August, for instance, the state of New York rejected a $27 million contract with a News Corp. education-software subsidiary.
And then there's this:
More recently, there has been criticism of Mr. Klein’s seemingly contradictory roles within News Corporation, both investigating wrongdoing inside the company and advising Mr. Murdoch on handling public relations and his appearances before the British Parliament.
Shareholder groups have expressed concerns about Mr. Klein’s independence in leading the investigation. His compensation package at News Corporation was more than $4.5 million last year, according to company filings with the Securities and Exchange Commission.
Those shareholders will presumably be paying close attention when News Corp. releases its third-quarter earnings results tomorrow at 4:00.
In its last earnings report, back in February, the company revealed that the phone-hacking tab for the six-month period that ended Dec. 31 had reached $104 million.
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It was a disappointed March for fashion mags on the newsstand. [Adweek]
The name of Atlantic Media's new business site is Quartz. [Forbes/Mixed Media]
Welcome to the neighborhood, Pat Kiernan. [The New York Times]
Thrillist takes Atlantic City. [The New York Observer]
A good round-up of stories about that Chronicle of Higher Education blogger fired for an article about Black Studies. [Jim Romenesko]