The K12 cyber charter in Virginia may close.
The school enrolled 350 students.
The county “hosting” the school decided it was too much of a bother, and only five students from the host county were enrolled.
There have been persistent questions about the quality of virtual charter schools, but their profitability has never been in doubt.
K12 will go looking for another partner or the governor will find another way for them to make a profit by providing inferior education to students in Virginia.
Diane Ravitch's blog 
Michael Milken, the “junk bond king” knows how to make a buck.
It’s about $$$$$ NOT teaching kids to think and question, hypothesize, and construct knowledge.
Diane, you referred to this school as a “Virginia charter cyber school.”
According to the Virginia Dept of Education, this is not one of the 4 charter public schools in Virginia.
http://www.doe.virginia.gov/instruction/charter_schools/
Do you have other information showing that it is a charter school?
Also, what did you think of the comments of parents who had children in the school?
Most of how they make their profit is by having awful pensions relative to the public schools. A shortfall which will have to be picked up by the state eventually, unless we want seniors living on catfood. Basically, an externality.
Funny thing is that when educators try and run a cyber school they are only able to get a few hundred to enroll. And then they find out it doesn’t work. But when freelance entrepreneurs start a cyber school 1000’s of students flock to these schools and these novices in education hit pay dirt. Sounds oddly fishy too me.
Cyber teacher , retired, just in time