New York — December 17, 2009 — Scholastic Corporation (NASDAQ: SCHL)today reported strong results for the second quarter ended November 30, 2009, with a nearly 100% increase in higher margin educational technology sales, as well as margin benefit from targeted price increases and company-wide cost reductions. Before one-time, mostly non-cash charges, the Company recorded a 30% increase in earnings. In addition, substantial free cash flow (as defined) further reduced debt. The Company affirmed its fiscal 2010 guidance.

New York, NY — December 17, 2008 — Scholastic Corporation (NASDAQ:SCHL) announced that its Board of Directors today declared a quarterly cash dividend of $0.075 per share on the Company’s Class A and Common Stock for the third fiscal quarter of 2009. The dividend is payable on March 16, 2009 to shareholders of record as of the close of business on January 30, 2009.

NEW YORK — July 17, 2008 — Scholastic Corporation (NASDAQ:SCHL) announced the following schedule and teleconference information for its fiscal fourth quarter and full year 2008 earnings release:

• Earnings Release: Thursday, July 24, 2008 at about 7:00 AM (Eastern) by public distribution and on the Company's website at  www.scholastic.com.

NEW YORK — July 17, 2008 — Scholastic Corporation (NASDAQ:SCHL) announced the following schedule and teleconference information for its fiscal fourth quarter and full year 2008 earnings release:

• Earnings Release: Thursday, July 24, 2008 at about 7:00 AM (Eastern) by public distribution and on the Company's website at www.scholastic.com.