Similarly, News Corporation is investing $100 million in its fledgling education division, Amplify.
Mr. Carey, News Corporation's president, has said the company will invest in its fledgling education division.
But hints were dropped that business might still be on the table, namely that of Honda's fledgling automobile division.
As part of that capital investment, Mr. Carey said News Corporation would build a "unique education business" by investing $100 million in its fledgling education division.
News Corporation has beefed up its fledgling education division, called Amplify, led by Joel I. Klein, a former New York City Schools chancellor.
His actual job is chief executive of the company's fledgling education division — a business that sits far down the pecking order in a global media giant that owns Fox News, Twentieth Century Fox Films and The Wall Street Journal.
On Wednesday at the SXSWedu conference in Austin, Tex., Mr. Klein, the former chancellor of New York City schools and the current chief executive of Amplify, News Corporation's fledgling education division, will take the stage for a surprising announcement.
McLaren's painstakingly groomed reputation holds that little if anything in its operations -- the racing team, the fledgling automaking division or even its electronics or catering subsidiaries -- happens by chance.
Klein, a close adviser to Murdoch who joined the News Corp board in November 2010 to run its fledgling education division, used to cross swords with the company's lawyers when he worked as assistant attorney general at the justice department.
After graduating from Georgetown University, he earned his master's degree in business administration at the University of California, Los Angeles, and spent two years at I.B.M. before Toyota hired him as a strategic planner in its fledgling Lexus division in 1990.
