NEW YORK — February 11, 2008 — Scholastic Corporation (NASDAQ: SCHL), the global children’s publishing, education and media company, announced today that it will participate in the 11th Annual Credit Suisse Global Services Conference being held in Phoenix, Arizona. Scholastic is scheduled to present at 1:30 PM Mountain Standard Time, 3:30 PM Eastern Standard Time on Monday, February 23, 2008. A link to the live webcast of the presentation will be available via the Company’s web site at http://investor.scholastic.com. A replay of the webcast will be available for approximately 90 days following the call.

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 children’s media. Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys. The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs and school-based book fairs, retail stores, schools, libraries, television networks and the Company’s Internet Site, www.scholastic.com.

CONTACT:

Scholastic Corporation

Media: Kyle Good 212-343-4563 kgood@scholastic.com

Investor Relations Jeffrey Mathews 212-343-6673 jmathews@scholastic.com