Scholastic Corporation Announces First Quarter Dividend

           Scholastic Corporation Announces First Quarter Dividend

PR Newswire

NEW YORK, July 17, 2013

NEW YORK, July 17, 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 first
quarter of fiscal 2014. The dividend is payable on September 16, 2013 to all
shareholders of record as of the close of business on August 30, 2013.

(Logo: http://photos.prnewswire.com/prnh/20100914/SIRLOGO)

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 www.scholastic.com.

SOURCE Scholastic Corporation

Website: http://www.investor.scholastic.com
Contact: Scholastic Corporation Investors: Gil Dickoff 212-343-6741
(investorrelations@scholastic.com); Media: Kyle Good 212-343-4563
(kgood@scholastic.com)