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Article: This school year is do or die for Edison.(Knight Ridder Newspapers)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- October 1, 2002
- Author:
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PHILADELPHIA _ With 82,000 students and 150 schools in 23 states, Edison Schools Inc. has achieved many goals, except the one that was supposed to revolutionize education: profits.
As the company approaches its 10th year in business, supporters are backing away from rosy projections about how Edison can enrich both schoolchildren and shareholders, while critics question whether the company can ever make money.
The intense scrutiny _ much of it brought on by the company's contract to run 20 Philadelphia schools, the largest-ever experiment in privatizing public education _ may mean this school year is do or die for Edison. With its stock trading at 33 ...