It seems Mr. Welch agrees.
Online education + printernet publishing of POD print is good place to be until the advertising business figures out what to do.
The Jack Welch MBA Coming to Web:
"Wall Street Journal
Former General Electric Co. Chief Executive Jack Welch is putting his name and money behind a little-known educational entrepreneur, injecting some star power into the budding industry of online education.
Mr. Welch is paying more than $2 million for a 12% stake in Chancellor University System LLC, which is converting formerly bankrupt Myers University in Cleveland into Chancellor University. It plans to offer most courses online.
. . . Investor groups led by Mr. Clifford bought those three institutions out of troubled situations and converted them to primarily online universities