Education

Scholastic Starts the New School Year with New Service Providing Comprehensive Literacy Solutions to School Districts

Scholastic Education Combines its Print and Digital Instructional Programs, Professional Learning Offerings, and Family Engagement Resources into Customized Learning Program

Scholastic Completes Sale of Educational Technology and Services Business Segment

New York – May 29, 2015 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, announced today it had completed the previously reported sale of its Educational Technology and Services business segment (“EdTech”) to Houghton Mifflin Harcourt Company (NASDAQ: HMHC), including the equity in International Center for Leadership in Education and Tom Snyder Productions, Inc., for $575 million in cash, subject to adjustment.

Scholastic to Sell Educational Technology Business to Houghton Mifflin Harcourt for $575 Million

To Focus on Global Core Children’s Books and
Supplemental Education Businesses

Asbury Park School District Invests in Literacy for All

Contact:

Chanta Jackson
Asbury Park School District
JacksonC@asburypark.k12.nj.us
732-776-2606x2475

Anne Sparkman
Scholastic Inc.
asparkman@scholastic.com
212-343-6657

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