NEW YORK — February 18, 2009 — Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, announced today that it will participate in the 17th Annual Deutsche Bank Media & Telecommunications Conference being held in Palm Beach, Florida. Scholastic is scheduled to present at 10:55 AM Eastern Standard Time, on Wednesday, March 4, 2009. A link to the live webcast of the presentation will be available via the Company’s web site at http://investor.scholastic.com. A replay of the webcast will be available for approximately 90 days following the call.

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.

CONTACT:

Scholastic Corporation
Media
Kyle Good
212-343-4563
kgood@scholastic.com

Scholastic Corporation
Investor Relations
Jeffrey Mathews
212-343-6673
jmathews@scholastic.com