Scholastic Inc.

Press Release: Scholastic Acquires Equity Position in UK Children's Publisher, Make Believe Ideas
March 24, 2015

Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that it has purchased a minority equity interest in Make Believe Ideas (MBI), the popular UK-based book publisher known for innovative books for babies and children that encourage creativity and promote learning. The first co-branded books for Early Learners ages 0-5 will be unveiled next week at the Bologna Children's Book Fair and are slated for a global English language release in Fall 2015.

Press Release: James Patterson and Scholastic Partner to Help Save School Libraries
March 10, 2015

As part of an ongoing effort to keep books and reading a number one priority in the United States, James Patterson has announced that he will donate $1.25 million to school libraries this year. In the first-ever partnership of its kind, Patterson is joining forces with Scholastic Reading Club to administer funding applications to their network of 62,000 schools and 800,000 teachers.

Press Release: Scholastic Reports Fiscal 2015 Second Quarter Results
December 18, 2014

Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal 2015 second quarter ended November 30, 2014.
Revenue in the second quarter was $665.6 million, compared to $623.2 million a year ago, an increase of 7%.

Press Release: Scholastic Reports First Quarter Fiscal 2015 Results
September 25, 2014

Scholastic Corporation today reported results for the Company's fiscal 2015 first quarter ended August 31, 2014. Revenue in the first quarter was $283.8 million, compared to $276.3 million a year ago, an increase of $7.5 million, or 3%. The Company reported first quarter loss per share of $1.05, versus a loss per share of $0.94 in the prior year period. 

Minecraft Now a Publishing Sensation
September 5, 2014

NEW YORK (AP) - Like millions of parents, Aaron Sacharow welcomes those moments when his son - 7-year-old Tyler - takes a break from video games and picks up a book instead.

He will even settle for the book being a guide to Minecraft, a game that's sold more than 50 million copies since it was originally released in 2011.

"I don't want to say it tricks them into reading," says Sacharow, an IT project manager based in Miramar, Florida.

Scholastic to Close Storia Ebookstore; Customers Could Lose Access to Their Ebook Purchases
July 28, 2014

Think you own those DRMed ebooks you buy? Not according to Scholastic. This US publisher announced in April that they will be changing their Storia ebook platform from a retail service to a subscription service, and as part of that transition Scholastic recently announced that they are shutting down the retail side of the operation. They have quietly posted a notice on the Scholastic website:

With the launch of Storia School Edition on September 1, Scholastic will transition to a streaming model for children's eBook delivery.

So Kindle Unlimited Gives Traditionally Published Books an Advantage – What Else is New?
July 24, 2014

Kindle Unlimited launched on Friday with a catalog of 640,000 plus titles which Amazon customers in the US can read for a fee of $9.99 a month. Most of the titles (over 550,000) are drawn from KDP Select, with a levening of titles from traditional publishers including Wiley, Scholastic, WW Norton, HMH, and more (but no titles from the Big 5).

That program is only 5 days old but it is already having an effect on Amazon's best seller list.

Children's Author Walter Dean Myers Dies At 76
July 3, 2014

Like many of the protagonists in his dozens of young adult books, Walter Dean Myers was once a troubled, sensitive and intelligent young man living an aimless life. A writer's heart beat in his chest, the passion for words there even as he stumbled through a childhood in the 1940s and '50s scarred by a broken family and an angry Harlem upbringing.