January 26, 2001
ETS Invests in College Board's Web Site
Just three months after the College Board guardedly agreed to a one-year extension of a contract with its long-time partner, the Educational Testing Service, E.T.S. announced this month that it was investing $15-million in the board's controversial commercial Web site.
The investment in collegeboard.com represents roughly 3 percent of E.T.S.'s annual revenue.
Rick Weingarten, president of the for-profit site, described the infusion of funds as a
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