July 20, 2001
Temple U. Shuts Down For-Profit Distance-Education Company
Some universities with similar ventures say they can still make money
The bloom is not yet off the rose for the distance-education business, but Temple University is one of the first to start plucking the petals. The university has closed down Virtual Temple, the fledgling spinoff company that it created nearly two years ago with the idea of making money by selling online courses.
Temple's president, David Adamany, called the decision a simple one. "I didn't see any profit
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