New York, NY — November 11, 2008 — Scholastic Education, a division of Scholastic, the global children’s publishing, education and media company, recently announced a subscription-based model for schools and libraries using Scholastic Reading Counts!® The company began offering the student license plan as a streamlined, scalable way for educators and administrators to obtain and use the popular independent reading program.

With the student license plan, educators can provide students with access to the entire set of more than 43,000 comprehension quizzes. Users will receive new quizzes monthly through a renewable subscription. These quizzes are presented in easy-to-manage grade-level bundles for faster installation. The new plan is scalable, allowing for as few as 50 students to use Scholastic Reading Counts! and affordably accommodating larger districts.

"With this new model, we are providing students with greater choice. They can take comprehension quizzes on books that they find both in and out of school. Scholastic Reading Counts! now offers a true independent reading program with complete access to all quizzes," said Diane Glass, Senior Product Manager for Assessment at Scholastic Education. "Busy teachers and librarians will appreciate the new model’s time-saving qualities and the value of receiving a broader selection of quizzes. It simply reduces their management time."

About Scholastic Reading Counts!
Scholastic Reading Counts! is the only Lexile-based independent reading management program for K-12 students that provides a fun and kid-friendly learning environment. With multiple measures to report student success, SRC! engages students by allowing them to generate reading lists based on their Lexile level and personal reading interests. After reading a book, a student takes a computer-generated comprehension quiz to assess the student’s understanding. SRC! asks the student for feedback on the book he’s read and helps him to set achievable reading goals. Instantly-generated reports provide teachers and parents with valuable information about students’ reading progress and help match students to the right level of reading challenge. The reports also reveal when a student is struggling and needs intervention, an important part of adequate yearly progress (AYP) requirements.

About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is the world’s largest publisher and distributor of children’s books and a leader in educational technology and children’s media. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs and school-based book fairs, retail stores, schools, libraries, television networks and the Company’s Internet Site, www.scholastic.com.

For more information about Scholastic Reading Counts!, call 1-800-387-1437, or visit www.scholastic.com/readingcounts.

Contact:

Scholastic
Jennifer Boggs
(212) 343-6619
jboggs@scholastic.com

Sarah Trabucchi
(212) 343-6424
strabucchi@scholastic.com