The Washington Post already invested in CourseAdvisor in 2006. Here’s the tie-in though. The Washington Post also owns Kaplan, a company that preps college students on entrance exams for college and graduate schools. CourseAdvisor is based in Wakefield, Mass. and was founded in 2004.
Newspapers have had a tough time as circulation and profits continue to fall. Their second-quarter earnings this August dropped to $68.8 million for the quarter. But total revenue was up to $1 billion from $969 million. The Post however owns other media companies including Newsweek magazine and the online magazine Slate.
Education is a growing industry, and is up 23 percent to $503 million in the second quarter, from $409 million a year ago.
The Washington Business Journal reports that CourseAdvisor will act as an independent subsidiary of The Washington Post Co.