If you are an officer, director, or owner of this company, you can view and request updates to your company's profile for free using D-U-N-S Manager. Book publishing revenues rose substantially from $645.9 million to $728.5 million, and revenues from international operations increased from $178.9 million to $195.9 million. What do George Floyd, Thanksgiving, and the Civil War all have in common? You may also indicate whether you are a shareholder, customer, supplier, or other interested party. During the 1980s Scholastic also explored the burgeoning market for educational material related to computers, introducing Electronic Learning and Teaching and Computers magazine to help teachers with new technologies in the classroom. Learn More About our Enterprise Analytics Solutions, go Shipping Information. 029 968 9834 South and East Auckland. The company expanded internationally during the 1960s after opening its first international subsidiary, Scholastic Canada, in 1957. Perhaps the most widespread controversy surrounding Scholastic publications developed when Senator Joseph McCarthy and others serving on the House Committee on Un-American Activities began a program of accusing American citizens of communist affiliations. The company's filing status is listed as Active and its File Number is 820775. The multimedia (books, videos, and software) Scholastic Science Place program for grades K-2 generated sales of $19 million. Furthermore, the company began publishing various instructional materials and books, including a series of books adapted for different age levels intended to develop reading skills and introduce young people to the short story and poetry. That same year the company opened a book distribution facility in Jefferson City, Missouri that would become its national distribution center with 2,000 employees and 1.5 million square feet of warehouse and office space. Upon graduation from Dartmouth, Robinson returned to his hometown of Wilkinsburg, a suburb of Pittsburgh, and took a job at the Pittsburgh Chamber of Commerce. In September 1996 Scholastic acquired the New York-based Lectorum Publications, the largest U.S. distributor of Spanish-language books to schools and libraries. Preparing for increased business, Robinson hired a circulation manager and incorporated his venture as the Scholastic Publishing Company. The dividend is payable on Read more. Scholastic reported slight gains in circulation in 1934 and 1935, and the following year the company reported its first annual profit ever, $2,400. In 1962 the World Affairs Multi-Text series was offered for use in social studies classes, and a series of arithmetic booklets were promoted for individual study at home. That’s why 90% of the Fortune 500, and companies of all sizes around the world, rely on Dun & Bradstreet to help grow and protect their businesses. Movie and television projects were becoming a growing part of Scholastic. To offset this trend, the company decided to invest more than $5 million to enter the highly competitive textbook market, building on the instructional materials it first offered in 1961. The company showed continued revenue growth and profitability in early 1999. Products are distributed through retail and online sales and through schools via reading clubs and fairs. World Week, first published in September 1942, was promoted as "The New All Social Studies Classroom Magazine Graded to Meet Your Wartime Teaching Requirements." Moreover, he began selling shares of Scholastic stock to raise funds. NEW YORK , Dec. 16, 2020 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) is pleased to announce that its Board of Directors today declared a quarterly cash dividend of $0.15 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2021. With the scope and complexity of its operations expanding, the company underwent several corporate reorganizations in the 1970s. The company is also one of the largest operators of school-based book clubs and book fairs, and is a leading publisher of children's books sold through the trade channel and direct-to-home continuity programs. Source: International Directory of Company Histories, Vol. Learn more on how to partner with local schools to promote and run Scholastic Book Fairs. Within two years, however, the venture had failed to provide the expected returns, and the company resumed its focus on supplementary educational materials. In two widely publicized cases, in Washington, D.C. in 1936 and in Topeka, Kansas in 1938, Senior Scholastic was accused of promoting communism. The publisher was founded in 1920. Robinson designed the four-page paper from a desk in his mother's sewing room, and he sold it for five cents a copy. With the acquisition Scholastic planned to increase the number of parent-teacher-run book fairs as early as fall 1998. The publicly traded Scholastic Corporation has made a conscious decision to weave them into a twisted account of American History (their label) … Once the company was back on solid financial ground, it again went public, offering $90 million worth of stock in February 1992. After announcing it would extend its agreement with Parachute Press to publish and manage licensing of Goosebumps, Scholastic became involved in a legal dispute with Parachute Press. Secure and cloud-based. 557 Broadway. For 1996--97 declining sales from the Goosebumps series resulted in a decrease in retail sales. The Baby-sitters Club Movie was released in 1995 and then on video in 1996. By May 1984, however, these new ventures had resulted in losses of $13.8 million, and the company's stock price plummeted. In... 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