Scholastic Board Authorizes Further Repurchase of up to $20 Million in Common Stock
This repurchase authorization is in addition to a recently completed $20 million share repurchase program, announced in December 2007, under which the Company acquired approximately 664,600 shares of its common stock.
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology and children's media. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs and school-based book fairs, retail stores, schools, libraries, television networks and the Company's Internet Site, www.scholastic.com.
CONTACT: Scholastic Corporation
Media:
Kyle Good, 212-343-4563
or
Investors:
Jeffrey Mathews, 212-343-6741
SOURCE: Scholastic Corporation