Corporate News

Scholastic Announces Fiscal 2008 Third Quarter Results

Updating Outlook on Solid Performance of Core Businesses
Direct-to-Home Continuities Now Reported as Discontinued Operations

New York – March 27, 2008 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced its fiscal 2008 third quarter results.

Purchasing Trends of Teachers Revealed in New Report from Quality Education Data

Purchasing Authority: A Companion to Teacher Buyer Behavior, 2008-2009 Shows Teacher Preferences for Buying Teacher Supplies, Supplemental Materials and Professional Development

Denver, CO (March 11, 2008) — Teachers are the primary decision makers for purchasing supplemental materials, classroom supplies, and professional development resources in American schools, reports a new study from Quality Education Data, Inc. (QED), a leading education market research and database firm, and a wholly owned subsidiary of Scholastic. QED researches teacher purchasing trends each year to collect the most current data on teacher spending in American schools.

Purchasing Authority: A Companion to Teacher Buyer Behavior, 2008-2009, asked educators about their research and purchasing activities when buying materials for their classrooms. The study also asked teachers to report their use of retail stores, teacher stores, print catalogs and online stores for purchase of classroom supplies and materials.

Key findings include:

Teachers Name Scholastic Their Number One Online Retailer According to New Study on Teacher Purchasing Trends

Scholastic Surpasses Competitors as Top Destination for Researching and Purchasing Classroom Supplies, Supplemental Materials and Professional Development

New York, NY (March 10, 2008) — The website for Scholastic, the global children’s publishing, education and media company, is the overwhelming choice for teachers researching and purchasing educational materials for their classrooms online, according to Purchasing Authority: A Companion to Teacher Buyer Behavior, 2008-2009, a study released in February by Quality Education Data, Inc. (QED).

The study, which asked a cross-section of K-12 educators about their research and purchasing preferences for educational materials, reported that Scholastic is the top resource for teachers gathering information about and purchasing teacher supplies, supplemental materials and professional development materials online. Key findings from the study include:

Kids Split Over Whether They Want To Be President, Says Scholastic News® Election Poll

More Kids Say “Yes” to Presidency in 2008 than in 2004;
More Boys Say “Yes” Than Girls

New York, NY (February 15, 2008) — Would you want to be President of the United States? According to a recent election year poll by Scholastic News®, America’s leading news source for kids, most kids would pass on a job in the Oval Office, especially girls. More than 30,000 students in first through eighth grades from across the country took part in the poll:

Kids Learn Math and Science Through Online Videos, Interactive Tutorials, and Music at www.scholastic.com/studyjams

New Homework Help Web Site Takes Fun, Multimedia Approach to Kids’ Toughest Subjects

New York, NY (January 28, 2008) -- Ask kids and parents which school subjects they struggle with the most, and the answer is likely to be math and science. When kids have trouble understanding Aquatic Ecosystems or are stuck on a homework question about Division Equations, where do they turn? Now they can get help finding the answers with Scholastic StudyJams!™ at www.scholastic.com/studyjams, an online learning experience for kids in grades 3-6 that takes the most challenging math and science topics and explains them through animated videos, Karaoke songs, interactive tutorials, quizzes and more. Developed in conjunction with a nationwide panel of teachers, this subscription-based learning service lets kids sing about “Solids, Liquids & Gases,” play a “Mean & Median” basketball game and create their own downloadable song, all while mastering those tough math and science concepts they need to know in order to excel in school.

Scholastic Kid Reporters Make News with Candidates’ Kids

Scholastic News Election Reporters Learn About Life at Home and on the Campaign Trail with Children of Presidential Candidates, Ages 6-37

New York, NY (January 24, 2008) -- What are the kids of the current presidential candidates like? Emma Claire Edwards likes Webkins; Bridget McCain loves hanging out with friends; Malia and Sasha Obama can’t wait to get a dog; and Tagg Romney sometimes fights with his brothers. The Scholastic Kids Press Corps, a team of student reporters ages 10-14 who are covering the race to the White House and reporting for Scholastic News, discovered that the kids of candidates are not so different from the Kid Reporters themselves!

Scholastic Kid Reporters interviewed many of the candidates’ children and spouses to find out more about them and to learn what it’s like to have a parent running for president. Their interviews are published at Scholastic News Online (www.scholastic.com/news) and in upcoming issues of Scholastic News (for students in grades 1-6) and Junior Scholastic (grades 6-8).

Here’s a peek at what the Scholastic Kids Press Corps learned about the candidates’ kids, ages 6-37:

Kids Tackle Climate Change by Learning How to “Act Green” at www.scholastic.com/actgreen

Multi-Media Educational Website Helps Kids Create Custom Green Plans, Earn Green Points, and Take Action to be GREEN

New York, NY (January 22, 2008) — According to a recent Scholastic News online poll, kids ranked the environment as one of their top issues in the upcoming presidential elections. Now, Scholastic launches ACT GREEN! at www.scholastic.com/actgreen, a fun, educational website designed to motivate and empower kids to take action in school, at home and in their community to preserve the environment. This multi-media website provides kids, parents and teachers with customized green plans, expert tips, inspiring green short films provided by Live Earth, and a “Greenroom” to share ideas with other kids.

Developed in consultation with an environmental scientist from the University of California at Berkeley, ACT GREEN! at www.scholastic.com/actgreen provides kids, parents and teachers with free actionable information that will help them preserve the environment. When kids enter the site, they are first directed to the Green Quiz, to test how environmentally conscious they are. Upon completing the quiz, kids receive a customized Green Plan and are automatically entered into the Greenerator™, where they can activate their Green Plan and turn it into reality. As kids check off the green actions they have accomplished, they earn green points that power up the Greenerator. They can also earn green points throughout the site by selecting action items from the “100 Ways to Act Green!” list, reading articles, sending e-cards and more. Kids will enjoy tracking their own green points, as well as the overall power of the Greenerator, generated by all ACT GREEN! members.

Scholastic Sets Industry-Leading Goals for Recycled and FSC-Certified Paper Use

New “Act Green” Website Teaches Kids About Climate Change and Sustainability

 
New York, NY (January 9, 2008) -- Scholastic, the global children’s publishing, education and media company, today announced that the company is further strengthening its sustainable paper procurement practices by setting industry-leading goals to increase the percentage of Forest Stewardship Council (FSC)-certified paper and post-consumer waste (pcw) recycled paper it purchases. In consultation with the Rainforest Alliance, the Green Press Initiative and other stakeholders, the company has set a five-year goal to increase its publication paper purchase of FSC-certified paper to 30% and its use of recycled paper to 25%, of which 75% will be post-consumer waste. 
 
The new policy adds to the company’s long-standing responsible environmental practices that have already resulted in reducing paper use by more than three million pounds annually. Under the new policy, the increase in the use of pcw fiber alone will result in a reduction of 23,988,000 lbs in green house gas emissions compared to fiscal year 2006 usage, as calculated by the Environmental Defense Paper Calculator. The new policy also includes a commitment by Scholastic to help educate children about responsible environmental practices and what they can do to help preserve the environment. The policy is available at www.scholastic.com/paperpolicy.

Scholastic and Los Angeles Unified School District Announce the 40 Schools Participating in J.K. Rowling Open Book Tour

40 Lucky LAUSD Students from Each Selected School Will Join Rowling at the Kodak Theatre for Special Reading, Q&A and Book Signing

Scholastic Donates 5,000 Copies of Harry Potter and the Sorcerer’s Stone to L.A. Schoolchildren Ready to Begin Their Hogwarts Journey

Scholastic and New York City Department of Education Announced the 40 Schools Participating in J.K. Rowling Open Book Tour

1,600 Lucky New York City Public School Students Will Join Rowling at Carnegie Hall for Special Reading, Q&A and Book Signing

Scholastic To Donate 5,000 Copies of Harry Potter and the Sorcerer’s Stone to New York City Schoolchildren Ready to Begin Their Hogwarts Journey

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