Press Release: Scholastic Reports First Quarter Fiscal 2015 Results
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Media, Licensing and Advertising. Segment revenue in the first quarter was $10.6 million, up from $10.4 million in the prior year period, primarily as a result of higher sales of the Company's original animated programming, WordGirl® and Astroblast!TM, and from increased advertising in the Company's consumer magazines group, as well as higher audio book sales. These results were partially offset by lower sales of interactive products and media content to streaming platforms. Segment operating loss was $3.9 million, compared to a loss of $1.9 million last year, primarily due to higher cost of product in consumer magazines and higher amortization of production expenses for new programming.
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- Companies:
- Scholastic Inc.
- Places:
- New York City
- U.S.
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