Monday, January 26, 2015

Inside Higher Ed founder regrets lack of transparency in sale - Roger Riddell, Education Dive

A top editor of Inside Higher Ed said Friday that, in hindsight, he wished there had been more transparency about the sale of the publication's controlling interest to a private equity firm that has invested heavily in for-profit education. “We were founded without any support, then we had one set of investors and we had never said anything about them," Scott Jaschik, an Inside Higher Ed founder and editor, told Education Dive. "In hindsight, I wish we had, because clearly this is of interest to people." A controlling interest of the trade publication was acquired in November by Quad Partners, a New York private equity firm with investments in a number of for-profit higher education enterprises. However, the sale wasn't publicly disclosed until the Huffington Post reported on it earlier this month. http://www.educationdive.com/news/inside-higher-ed-founder-regrets-lack-of-transparency-in-sale/353574/