NEW YORK, NY — September 19, 2011 — Scholastic (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced a partnership agreement with Sourcebooks, a leading independent publisher, to offer their children’s titles through the Scholastic proprietary distribution channels as e-books on the new Scholastic e-reading application launching this fall. Under the agreement, Scholastic will carry bestselling frontlist and backlist children’s titles published by Sourcebooks on the Scholastic e-reading app which is specially designed to captivate kids while helping them become better readers. Picture books, elementary series, middle grade chapter books and young adult novels will all be available for download onto the new e-reading app through Scholastic Book Clubs.

"Sourcebooks is an ideal partner for the new Scholastic e-reading application because of the wide array of bestselling titles they offer. We also share a mission of reaching as many young people as possible with books that will enrich and inform their lives," said Judy Newman, EVP, Scholastic and President, Scholastic Book Clubs and eCommerce. "For years we have loved offering Sourcebooks titles through Scholastic Book Clubs, and we're excited to be able to offer these treasured titles in an electronic format to encourage even more kids to read every day."

"Scholastic is leading the way in creating a true interactive digital reading experience for children that adds excitement about reading with special features that can only be offered in an electronic format," said Dominique Raccah, CEO and Publisher of Sourcebooks. "The partnership between Scholastic and educators has been a strong catalyst in inspiring new generations of book lovers, and we are thrilled to be a part of this effort to provide teachers and parents with an incredible new tool to meet kids where they are on the electronic devices they love and make reading even more fun."

Among the first Sourcebooks to be offered through the Scholastic e-reading application will be the bestselling Horrid Henry series by Francesca Simon, Dream Big, Little Pig by Kristi Yamaguchi, and the perennial favorite picture book, I Love You More by Laura Duksta.

Scholastic is working with other publishers as well to offer their front- and backlist titles on the new e-reading application which is rolling out this fall.

For more information about Scholastic, visit our media room at http://mediaroom.scholastic.com. For more information about Sourcebooks, visit www.sourcebooks.com.

Contact:

Kyle Good
Scholastic Inc.
212.343.4563
kgood@scholastic.com

Heather Moore
Sourcebooks
630.536.0553
heather.moore@sourcebooks.com