New York, NY — December 20, 2019 — Scholastic Corporation (NASDAQ:SCHL), the global children’s publishing, education and media company, announced today that its wholly-owned subsidiary Scholastic Book Fairs, Inc. has completed the acquisition of the assets of Pomona, California-based Mrs. Nelson’s Book Fairs, Inc. (“Mrs. Nelson’s”), pursuant to the terms and conditions of a Purchase and Sale Agreement dated October 25, 2019. Financial terms of the transaction are undisclosed.