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.
"I can confirm that after July 31, Knowledge Network courses will no longer be available online," said Linda Zebian, manager of corporate communications at the Times Company. "We’re examining our education businesses to see how we will structure them in the future to best serve readers and others who are interested in learning with The New York Times."