New York – July 22, 2015 – Scholastic Corporation (NASDAQ: SCHL), the global children’s book publishing and education and media company, today announced that its Board of Directors has authorized an additional $50 million for repurchases of its common stock under the Company’s stock repurchase program. Under this program, which will be funded with available cash, the Company may purchase shares, from time to time as conditions allow, on the open market or in negotiated private transactions.