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Education publisher Scholastic (NASDAQ: SCHL) fell short of expectations in its most recent quarter. Investors are giving the results an F, sending shares down 19% as of 12:30 p.m. ET. Tepid ...
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Scholastic was founded in 1920 by Maurice R. Robinson near Pittsburgh, Pennsylvania to be a publisher of youth magazines. The first publication was The Western Pennsylvania Scholastic. It covered high school sports and social activities; the four-page magazine debuted on October 22, 1920, and was distributed in 50 high schools. [3]
go.scholastic.com Grolier was one of the largest American publishers of general encyclopedias, including The Book of Knowledge (1910), The New Book of Knowledge (1966), The New Book of Popular Science (1972), Encyclopedia Americana (1945), Academic American Encyclopedia (1980), and numerous incarnations of a CD-ROM encyclopedia (1986–2003).
The battle over books has taken a new front. The season for Scholastic Book Fairs has kicked off, a time when students shop for books at an annual pop-up fair in their own hallways.
Scholastic will no longer make it optional for schools to include a selection of books about diversity in school book fairs.
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