Company Profile For Scholastic Corporation

Scholastic Corporation (Scholastic), together with its subsidiaries is a global children’s publishing, education and media company. The Company is the publisher and distributor of children’s books, and a developer of educational technology products. Scholastic also creates educational and entertainment materials and products for use in school and at home, including magazines, children’s reference and non-fiction materials, teacher materials, television programming, film, videos and toys. The Company is an operator of school-based book clubs and book fairs in the United States. It distributes its products and services through channels, as well as directly to schools and libraries, through retail stores and through the Internet. The Company operates in four business segments: Children’s Book Publishing and Distribution, Educational Publishing, Media Licensing and Advertising, and International.

BRIEF: For the three months ended 31 August 2009, Scholastic Corporation's revenues increased 14% to $315.6M. Net loss from continuing operations decreased 43% to $24.6M. Revenues reflect an increase in sales of the company products. Lower loss also reflects a decrease in depreciation & amortization expenses, the presence of other income and decreased interest expenses. The company is a global children's publishing, education and media company.