New York – January 21, 2016 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that it had terminated its offer to purchase up to $200 million of its common stock through a modified "Dutch Auction" tender offer which was due to expire at 11:59 p.m. on Tuesday, January 26, 2016. As a result of this termination no shares will be purchased in the offer and all shares previously tendered and not withdrawn will be promptly returned to tendering holders.

New York – December 21, 2015 – Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that its Board of Directors has authorized the price range for its intended repurchase of up to $200 million of the Company's common stock through a modified "Dutch Auction" tender offer.