Schools Chancellor Klein to Join News Corp.

New York City schools chancellor Joel Klein is resigning to join News Corp., ending an eight-year reign at the helm of the nation’s largest school system.

In his place, Mayor Michael Bloomberg is expected to announce Cathie Black, chairwoman of Hearst Magazines. She would be the first woman charged with running New York City’s 1,500 schools and more than one million students.

Mr. Klein, a former antitrust chief at the Justice Department, took over in 2002, having had no prior experience in education administration. Before becoming chancellor, Mr. Klein was chairman and chief executive officer of the media company Bertelsmann Inc., the U.S. subsidiary of the German giant Bertelsmann AG.

In his new role as executive vice president, Mr. Klein will advise News Corp. on opportunities to invest in digital initiatives in the education market, a person familiar with the matter said.

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