| Business Summary | | Scholastic
Corporation
is
a
global
children's
publishing
and
media
company.
Scholastic
creates
quality
educational
and
entertaining
materials
and
products
for
use
in
school
and
at
home,
including
children's
books,
textbooks,
magazines,
technology-based
products,
teacher
materials,
television
programming,
videos
and
toys.
The
Company's
website,
Scholastic.com,
is
a
leading
site
for
teachers
and
classrooms
as
well
as
a
destination
for
children.
In
June
2000,
Scholastic
acquired
Grolier
Incorporated,
a
leading
operator
of
United
States
direct-to-home
book
clubs
for
children,
primarily
serving
children
age
five
and
under,
and
is
the
leading
print
and
on-line
publisher
of
children's
non-fiction
and
reference
products
sold
primarily
to
United
States
school
libraries. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | SCHL
is
a
publisher
and
distributor
of
children's
books,
K-12
textbooks,
classroom
materials
and
magazines,
instructional
technology
and
entertainment
products
such
as
TV
programming,
videos,
movies
and
internet
services.
For
the
fiscal
year
ended
5/31/01,
revenues
rose
40%
to
$1.96
billion.
Net
income
fell
29%
to
$36.3
million.
Results
reflect
the
growth
in
the
Children's
Book
Publishing
and
Distribution
segment,
offset
by
a
$72.9
million
charge
related
to
the
decision
not
to
upgrade
SLP. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Richard Robinson, 63 | Chairman,
Pres, CEO | Kevin McEnery, 52 | Exec.
VP, CFO | Richard Spaulding, 63 | Exec.
VP, Director | Barbara Marcus, 49 | Exec.
VP and Pres of Scholastic Childeren's Book Group | Deborah Forte, 46 | Exec.
VP |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|