January 17, 2003
After Losing Millions, Columbia U. Will Close Online-Learning Venture
Columbia University announced last week that it would shut down Fathom, its for-profit online-learning venture, which was designed to sell Web-based courses and seminars to the public.
In its two years of operation, the venture offered material from a dozen prominent institutions and attracted widespread media attention, but it was never profitable. In December, the board that runs Fathom voted to dissolve it and move some of its resources into other digital-media projects at Columbia.
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