Educause has submitted a $55,000 offer to acquire the assets of the now defunct New Media Consortium, court documents reveal.
The $55,000 offer, if accepted, would see Educause acquire the NMC’s trademarks, website, membership and subscriber lists, as well as its flagship Horizon Project, which produced reports on the future of education technology.
It is not known what Educause intends to do with the intellectual property it may acquire. As Alexander noted, Educause could perhaps relaunch the Horizon Project under a new name. Alexander also raised questions about what might happen to the NMC community — might they be invited to join Educause? Could Educause form a new organization?
A breakdown of the NMC’s assets, filed Jan. 17, showed that the consortium had unpaid bills of at least $681,821.84. This includes a $240,000 credit line from a bank and hundreds of thousands of dollars in claims from former employees, contractors and business partners. The organization reported that it has $332,816.12 in its bank accounts and owns office furniture and equipment worth $89,839.42. It has no property or investments.
Report: Educause Steps in to Save New Media Consortium
Filed by February 7, 2018on