Fourth quarter operating results in line with prior year and guidance
Outlook for significant margin and free cash flow growth in Fiscal 2010br> Stimulus funds driving higher educational technology sales in first seven weeks of Fiscal 2010

New York — July 22, 2009 — 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 first quarter of fiscal 2010. The dividend is payable on September 15, 2009 to shareholders of record as of the close of business on August 31, 2009.

Scholastic Corporation (NASDAQ:SCHL) announced the following schedule and teleconference information for its fourth quarter and fiscal 2009 earnings release:

Paul Giamatti, Jesse Eisenberg and Lili Taylor to Perform Award-Winning Work

Three New York Area Students to Receive Top Awards and $10,000 Scholarships

Scholastic Media and Amtrak Join the Hunt for The 39 Clues in National Promotion

New York, NY (May 27, 2009) – Pulitizer Prize-winning playwright Tony Kushner will address young artists and writers from across the country at the 86th annual Scholastic Art & Writing Awards ceremony to be held at Carnegie Hall on Thursday, June 4th.

NEW YORK, N.Y. (May 20, 2009) – More than 27 million kids have shown they care – just by reading a book.

This is the number of children who have read for a program called ClassroomsCare, created by Scholastic Book Clubs in 2001 to help teach kids about the importance of reading and empower them to give back to their communities. Scholastic Book Clubs is a division of Scholastic (NASDAQ: SCHL), the global children’s publishing, education and media company.