New York — September 23, 2010 — Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors has authorized the repurchase of up to $150 million of the Company’s common stock through a modified "Dutch Auction" tender offer. Scholastic intends to commence the tender offer during the week of September 27, 2010.

New York — July 22, 2010 — Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported significantly higher earnings and free cash flow for the fiscal year ended May 31, 2010, exceeding its previous guidance. The Company also provided its fiscal 2011 plan focused on digital expansion and sustained cost and cash discipline.

New York — December 17, 2009 — Scholastic Corporation (NASDAQ: SCHL)today reported strong results for the second quarter ended November 30, 2009, with a nearly 100% increase in higher margin educational technology sales, as well as margin benefit from targeted price increases and company-wide cost reductions. Before one-time, mostly non-cash charges, the Company recorded a 30% increase in earnings. In addition, substantial free cash flow (as defined) further reduced debt. The Company affirmed its fiscal 2010 guidance.

New York — December 16, 2009 — Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors today declared a quarterly cash dividend of $0.075 per share on the Company’s Class A and Common Stock for the third quarter of fiscal 2010. The dividend is payable on March 15, 2010 to shareholders of record as of the close of business on January 29, 2010...

About Scholastic

NEW YORK — December 16, 2009 — Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors has authorized a further program to repurchase up to $20 million of its common stock. Under this program, which will be funded with available cash, the Company may purchase shares, from time to time as conditions allow, on the open market or in negotiated private transactions. The share repurchase program may be suspended at any time without prior notice.

New York — September 23, 2009 — Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors today declared a quarterly cash dividend of $0.075 per share on the Company’s Class A and Common Stock for the second quarter of fiscal 2010. The dividend is payable on December 15, 2009 to shareholders of record as of the close of business on October 30, 2009.

Fourth quarter operating results in line with prior year and guidance
Outlook for significant margin and free cash flow growth in Fiscal 2010br> Stimulus funds driving higher educational technology sales in first seven weeks of Fiscal 2010

New York — March 25, 2009 — Scholastic Corporation (NASDAQ: SCHL) announced that its Board of Directors today declared a quarterly cash dividend of $0.075 per share on the Company’s Class A and Common Stock for the fourth fiscal quarter of 2009. The dividend is payable on June 15, 2009 to shareholders of record as of the close of business on April 30, 2009.

About Scholastic

New York, NY — March 19, 2009 — Scholastic Corporation (NASDAQ:SCHL) announced the following schedule and teleconference information for its fiscal third quarter 2009 earnings release: