Naked revolving door in News Corp.'s buying firm Klein promoted

The scent of the revolving door between corporate media companies and New York City education just got nastier:
Ed Notes alerts us that Rupert Murdoch's News Corporation has bought a 90 percent share in a company, Wireless Generation, that Joel Klein enthusiastically promoted while serving as the chancellor of the New York City Department of Education:
"News Corp., After Hiring Klein, Buys Technology Partner in a City Schools Project," as reported by Fernanda Santos in the New York Times, November 23, 2010.

So far, Fortune Magazine does not have good words for this project.