The demise of NYUonline - documented last week in OLDaily - is debated in this Chronicle article. NYU administrators argue that the slumping economy was the cause, but this is hard to maintain in the face of such successful institutions as the University of Phoenix. Critics argue that the NYUonline business plan was flawed, that the school simply didn't offer useful courses. I think that the failure is best explained by the following tidbit: "During three years of operation, NYUonline spent about $25-million of New York University's money, administrative sources say. That investment produced seven courses on the company's Web site..." I don't care who you are, you aren't going to make money producing only seven courses for $25 million.
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