Scholastic Student Poll Photos

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New York — September 25, 2008 — Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, today reported results for the fiscal 2009 first quarter ended August 31, 2008. Scholastic typically records minimal sales from its School Book Fairs and Book Clubs in the first quarter of the fiscal year, when most schools are not in session, resulting in a seasonal loss.

New York, NY — September 24, 2008 — 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 fiscal quarter of 2009. The dividend is payable on December 15, 2008 to shareholders of record as of the close of business on October 31, 2008.

Los Angeles, CA — September 2, 2008 — Jeff Nathanson has signed on to write the screenplay for the first film installment of The 39 Clues™, it was announced today by Stacey Snider, Co-Chairman and CEO of DreamWorks Studios and Deborah Forte, President of Scholastic Media.

New York — August 7, 2008 — Scholastic Corporation (NASDAQ: SCHL) today announced that it has entered into a definitive agreement with Sandvik AS to purchase its U.S. direct-to-home continuities business. Sandvik AS is a Norway-based, family-owned company whose primary line of business is operating consumer-direct, age-appropriate children’s book clubs, using email and the Internet to reach their target audience of parents with children up to age seven. Scholastic expects to close the sale in the first quarter of fiscal year 2009.

NEW YORK, N.Y. — July 29, 2008 — WiggleWorks®, the technology-based early reading program from Scholastic Education used extensively in Pre-K-3 classrooms for 14 years, has been re-released with new content and powerful technology upgrades.