For a company that had its first office in the sewing room of CEO Dick Robinson’s grandmother’s house, the elegant corporate headquarters at 557 Broadway in New York’s SoHo is an apt symbol of Scholastic’s growth. Another area of concentration at Scholastic during this time reflected the country's increased awareness of the need for remedial reading instruction at all age levels. The first edition of The Western Pennsylvania Scholastic provided articles on topics of general interest to students and was published on October 22, 1920. EBS is a technology-based reading motivation, management, and assessment system designed for use in schools. Scholastic Corporation sells books to children in some 165 countries. 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Products are distributed through retail and online sales and through schools via reading clubs and fairs. Request Information. Scholastic operates on a unique model, proudly partnering with both Australian schools and major retailers. In addition to exploiting a new and growing market, such material helped offset the declining popularity of Senior Scholastic. Following the announcement, the company's stock lost about half its market value, falling from around $69 a share to between $30 and $36 a share. Consent is not a requirement of purchase. Net income rose to a respectable $23.6 million. Unable to raise prices to meet the rapidly increasing costs of publishing books and periodicals, the company saw its revenues decline. In addition, the company closed unprofitable magazines and its French operation, improved productivity at its Jefferson City, Missouri, distribution facility, and began subleasing 40,000 square feet of office space in New York City. Get address, phone number, hours, reviews, photos, geolocation and more for Scholastic Corporation, 90 Old Sherman Turnpike, Danbury, CT 06810, USA on businessyab.com Find out how Scholastic provides support for and partners with distributors around the globe. The publisher was founded in 1920. The company's filing status is listed as Forfeited Existence and its File Number is 0802695341. By the late 1990s it had 335 titles and more than 172 million copies in print, with 12 new titles published each year. By email: digitalinfo@scholastic.com. This information is updated and provided by Scholastic. World Week, first published in September 1942, was promoted as "The New All Social Studies Classroom Magazine Graded to Meet Your Wartime Teaching Requirements." What do George Floyd, Thanksgiving, and the Civil War all have in common? In... See other industries within the Media Sector, Development Tools, Operating Systems & Utilities Software, Internet Publishing, Broadcasting & Search Portals, Multimedia, Graphics & Publishing Software, Special Effects & Other Video Post-Production Services, See who the company's key decision makers are. The company undertook several cost-cutting and restructuring measures. With the acquisition Scholastic planned to increase the number of parent-teacher-run book fairs as early as fall 1998. Book Clubs Monday - Friday: 7 am - 11:59 pm (EST), Saturday: 9 am - 6 pm (EST) Live Chat! You consent to Dun & Bradstreet (D&B) using this data for marketing and analytical purposes, and to D&B emailing you or using an autodialer or pre-recorded voice to text or call you at the number you provide with marketing or other offers. In addition to printed materials, the company also produces educational software and videos and is involved in movies and children's television programming. Added Publications But Financial Problems Persisted in the 1930s and 1940s. Scholastic owns the rights to properties such as Goosebumps and The Baby-Sitters Club and is the US distributor of the Harry Potter books, the best-selling children's series of all time. In January 1998 Scholastic sold its SOHO Group (Small Office and Home Office) of business publications for $20 million. This demographic surpasses even the 65 million members of the Baby Boom generation born after World War II. As a result, the company's best-performing division of 1995--96 was Scholastic Productions, whose sales rose 104 percent to $39.8 million. You can contact Scholastic Corporation's Board of Directors to provide comments, to report concerns, or to ask a question, at the following address. In 1965 Scholastic introduced its hardcover book publishing division, the Four Winds Press. For 1996--97 declining sales from the Goosebumps series resulted in a decrease in retail sales. In addition to printed materials, the company also produces educational software and videos and is involved in movies and children's television programming. In 1993--94 Scholastic was moving toward multimedia and interactive products as well as television programming. This division was headed by M. Richard Robinson, Jr., son of the company's founder, and four years later Robinson took over as president of the company, initiating another period of reorganization. By clicking the button above, you agree to our Terms of Use. It introduced two new products to improve literacy, Scholastic READ 180 and Scholastic Reading Counts!. Continued financial strains brought on by the Great Depression, however, prompted Robinson to seek the economic resources of another publishing firm. All rights reserved. Parents also were spending more for their children's educational materials, while children themselves were spending money on entertainment. By 1968, a series of short films, entitled Toute la Bande, had been designed for instruction in the French language. We address the reality that many children do not grow up in literacy-rich environments or have access to quality books, and that families need information, resources and assistance as they encourage and support their children’s development as strong readers. By 1996--97 the growth had slowed, and the company found it necessary to make staff reductions and eliminate some operations to achieve a profitable fiscal 1998. A Hoovers subscription is your VIP access to key information. The classroom, and retail chains and independent booksellers Star Staff Wellington and Lower North Island: Smart. For Office space in Pittsburgh and hired a circulation manager and assistant editor was exploring markets. 335 titles and more than 23 million companies worldwide phone: 800-724-2222 five! 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