Teaching Channel Transitions to a For-Profit Company

SAN FRANCISCO, July 20, 2017 /PRNewswire/ -- Teaching Channel, a California non-profit organization and the premier video-based online professional learning company, announced today that its operations and assets have been acquired by its management team and employees, completing its transition to a for-profit company. Teaching Channel's platform provides an industry leading video library with more than 1,300 classroom focused videos through its website, teachingchannel.org, and through sales of its SAAS-based professional development platform. The existing team will continue with Teaching Channel's mission to support teacher professional development to drive better student outcomes, and the transaction furthers the sustainability of its mission and enhances its ability to serve educators with high-quality content and learning experiences. The new company will be called Teaching Channel, Inc. The agreement was approved by California's State Attorney General and was completed on July 14, 2017.

Steve Arnold, Chairman of Teaching Channel, said, "The Board of Teaching Channel has been focused on the sustainability of the company's mission. After careful consideration of the philanthropic and market landscapes, including the advantages which could accrue to a for-profit entity, we concluded the best way to advance the mission and its sustainability was a transition to a for-profit organization. We are pleased the management team has been able to lead the acquisition."

George Lichter, CEO of Teaching Channel, Inc., said, "This is an exciting time for the company. Teaching Channel is a beloved brand, trusted by educators to provide thoughtfully curated, immediately useful resources and teacher-centric, video-based professional development. Our mission remains unchanged, but our ambition for achieving it has grown. We will continue to expand our video library and services to our registered users and visitors to teachingchannel.org, and we will enhance our professional development and learning platform to school districts, foundations, and other partners."

Investors included Weld North and members of the management team.

About Teaching Channel, Inc.

Teaching Channel, one of the leading brands in education, has more than 1,300 best-in-class videos of teachers in action, one million registered users, and a SAAS-based professional development platform that is used by K-12 school districts nationwide. Teaching Channel's mission is to support teacher professional development to drive better student outcomes. Learn more about us at www.TeachingChannel.org or contact us at info@teachingchannel.org.

CONTACT:
Paul Oh
poh@teachingchannel.org

View original content with multimedia:http://www.prnewswire.com/news-releases/teaching-channel-transitions-to-a-for-profit-company-300492005.html

SOURCE Teaching Channel