Scholastic Corporation Announces Fourth Quarter Dividend

           Scholastic Corporation Announces Fourth Quarter Dividend

PR Newswire

NEW YORK, March 20, 2013

NEW YORK, March 20, 2013 /PRNewswire/ --Scholastic Corporation (NASDAQ: SCHL)
announced that its Board of Directors today declared a quarterly cash dividend
of $0.125 per share on the Company's Class A and Common Stock for the fourth
quarter of fiscal 2013. The dividend is payable on June 17, 2013 to all
shareholders of record as of the close of business on April 30, 2013.

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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
related services and children's media. Scholastic creates quality books and
ebooks, print and technology-based learning materials and programs, magazines,
multi-media and other products that help children learn both at school and at
home. The Company distributes its products and services worldwide through a
variety of channels, including school-based book clubs and book fairs, retail
stores, schools, libraries, on-air, and online at

SOURCE Scholastic Corporation

Contact: Scholastic Corporation: Investors: Gil Dickoff, +1-212-343-6741,; Media: Kyle Good, +1-212-343-4563,
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