Profile: Scholastic Corp (SCHL.OQ)
19 Jul 2019
Scholastic Corporation (Scholastic), incorporated on October 22, 1986, is a publisher and distributor of children's books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children's media. The Company operates through three segments: Children's Book Publishing and Distribution, Education and International. The Company's Children's Book Publishing and Distribution segment operates as an integrated business, which includes the publication and distribution of children's books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. The Company's Education segment includes the publication and distribution to schools and libraries of children's books, classroom magazines, supplemental classroom materials, and print and online reference and non-fiction products for grades pre-K to 12 in the United States. The Company's International segment includes the publication and distribution of products and services outside the United States by its international operations, and its export and foreign rights businesses.
Children's Book Publishing and Distribution
The Company's operates school-based book clubs and school-based book fairs in the United States. The Company's school-based book clubs consist of reading clubs for grades pre-K through grade eight. In addition to its regular reading club offerings, the Company creates special theme-based and seasonal offers targeted to different grade levels. The Company mails promotional materials containing order forms to teachers in the pre-K to grade 8 schools in the United States. The Company's online ordering platform, Clubs Ordering On-Line (COOL), allows parents, as well as teachers, to order online. The orders are shipped to the classroom for distribution to the students. The Company offers school-based book fairs under the name Scholastic Book Fairs. The Company distributes school-based book fairs in the United States serving schools. The Company publishes children's books, which are sold through bookstores, Internet retailers and mass merchandisers in the United States. The Company's publications include Harry Potter, The Hunger Games, The 39 Clues, Spirit Animals, The Magic School Bus, I Spy, Captain Underpants, Goosebumps and Clifford The Big Red Dog, and licensed properties, such as Star Wars, Lego, Pokemon and Geronimo Stilton. In addition, the Company's Klutz imprint is a publisher and creator of books plus products for children, including titles, such as Make Clay Charms, Sew Cute Mini Treats and Lego Chain Reactions.
The Company provides classroom libraries and paperback collections, including classroom books and guided reading products, to schools and school districts for classroom libraries and other uses, as well as to literacy organizations and other groups engaged in literacy initiatives. The Company helps schools to compile classroom collections of books for every grade level, reading level and multicultural background, including the Phyllis C. Hunter series. The Company is a publisher of classroom magazines. Teachers in grades pre-K to 12 use the Company's classroom magazines, including Scholastic News, Scope, Storyworks and Junior Scholastic. Each magazine has its own Website with online digital resources that supplement the print materials. The Company publishes children's reference and non-fiction products and subscriptions to databases sold primarily to schools and libraries in the United States. The Company's products include non-fiction and fiction books published in the United States under the imprints Children's Press and Franklin Watts. Also included in the segment is the Company's consumer magazine business, including Teacher magazine.
The Company has operations in Canada, the United Kingdom, Australia, New Zealand, Ireland, India, China, Singapore and other parts of Asia. The Company's international operations include trade and educational publishing programs; distribution of children's books, software and other materials through school-based book clubs, school-based book fairs and trade channels; production and distribution of magazines, and online services. Its Company's international operations also have their own export and foreign rights licensing programs and are book publishing licensees for media properties.
The Company's International segment includes Scholastic Canada, which publishes and distributes English and French language children's books; Scholastic UK, which is a school-based book club and book fair operator that publishes and supplies original or licensed children's books; Scholastic Australia, which is a school-based book club and book fair operator; Scholastic New Zealand, which is a children's book publisher and book distributor to schools, and Asian operations, which consist of initiatives for educational programs based out of Singapore. In Asia, the Company also publishes and distributes reference products and provides services under the Grolier name, engages in direct sales in shopping malls and door-to-door, and operates tutorial centers that provide English language training to students. The Company's export business sells educational materials, software and children's books to schools, libraries, bookstores and other book distributors.
NEW YORK NY 10012-3919