Press Release: Scholastic Reports Fiscal 2015 Second Quarter Results
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Media, Licensing and Advertising. Segment revenue in the quarter was $14.5 million, compared to $13.7 million in the prior year period, an increase of 6%, primarily as a result of higher sales of both the Company's evergreen programming library of television shows to streaming platforms and original animated programs for the PBS and Sprout networks, partially offset by lower consumer magazines revenue. Segment operating loss was $0.7 million, compared to a loss of $1.3 million in the prior period, largely as a result of the higher programming revenues.
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- Companies:
- Scholastic Inc.
- Places:
- Canada
- New York City
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