scholastic corporation address

The company's filing status is listed as Forfeited Existence and its File Number is 0802695341. 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. By 1968, a series of short films, entitled Toute la Bande, had been designed for instruction in the French language. Despite the publication's popularity, Scholastic continued to struggle financially, never realizing a profit in the 1920s. After the war, Scholastic moved to expand its circulation and the number of titles it offered. By the late 1990s it had ten original titles with more than 2.4 million copies in print. By the late 1990s it had 335 titles and more than 172 million copies in print, with 12 new titles published each year. Stine's popular Goosebumps series debuted. Rachael Hobson rhobson@scholastic.co.nz. When new management and reorganizations failed to alleviate the financial burden, Robinson decided to take Scholastic private. You will also need to register for a Dun & Bradstreet account if you do not already have one. There he came across statistics indicating that the high school student population was expected to increase steadily throughout the decade, and he decided that a newspaper dedicated to students' interests would be a good prospect. New York, NY, 10012-3999 United States. The company co-produced the movie, The Indian in the Cupboard, which was released by Paramount in the summer of 1995, as was The Baby-sitters Club Movie. All financial statement data is in millions except per share data | Source: Morningstar, Detailed business credit reports and tools to simplify credit decisions and manage risk, Monitor, Manage, and Build Your Business Credit. Request Information. In addition, the company closed unprofitable magazines and its French operation, improved productivity at its Jefferson City, Missouri, distribution facility, and began subleasing 40,000 square feet of office space in New York City. January 18, 2021 January 17, 2021 Michigan Star Staff. 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. In 1948 the city of Birmingham, Alabama, issued a ban on Senior Scholastic, finding articles advocating racial equality unacceptable; this ban was lifted three years later. In 1946 Scholastic Teacher, Practical English, and Prep were introduced. As consumers, we often take for granted all the hard work that goes into building a great company. The first issue of the Scholastic, which billed itself as "The National High School Bi-Weekly," was published on September 16, 1922 and sold for 15 cents per copy. For the first time Scholastic surpassed the $1 billion mark in revenue with $1.058 billion, a 9.5 percent increase over fiscal 1997. The company operates through three divisions: Children's Book Publishing and Distribution; Education; and International. Scholastic operates on a unique model, proudly partnering with both Australian schools and major retailers. This division was headed by M. Richard Robinson, Jr., son of the company's founder, and four years later Robinson took over as president of the company, initiating another period of reorganization. The Scholastic Corporation is one of the leading publishers and distributors of books, magazines, and other educational materials for children in the United States. A Hoovers subscription is your VIP access to key information. Parents also were spending more for their children's educational materials, while children themselves were spending money on entertainment. To help ensure your Dun & Bradstreet company data security, please take a minute to verify your identity. Scholastic was positioned to reach these children in school, on the Internet, through television and movies, and at home. Temporarily bolstered by increased business, Scholastic opened offices on East 44th Street in New York and launched another new publication, Scholastic Coach. To stimulate circulation, sell advertising space, and generate copy of interest to students across the nation, Robinson assembled an advisory board of high school teachers and administrators and a staff to sell ads and push subscriptions to teachers and their students. Two years later, Literary Cavalcade for high school English classes was added to the fold as was the Teen Age Book Club, a joint endeavor with Pocket Books formed to market newly available paperback books to young people in school. Scholastic owns the rights to properties such as Goosebumps and The Baby-Sitters Club and is the US distributor of the Harry Potter books, the best-selling children's series of all time. In 1993--94 Scholastic was moving toward multimedia and interactive products as well as television programming. Movie and television projects were becoming a growing part of Scholastic. Scholastic United Kingdom and Scholastic New Zealand were established in 1964, followed by Scholastic Australia in 1968. Install D&B Email IQ to access your next prospects! The US accounts for about 80% of sales. Fill out this form, and we'll contact you soon. In another legal matter, three class action suits relating to the sharp downturn in the company's stock in 1997 were consolidated into one lawsuit. Learn more on how to partner with local schools to promote and run Scholastic Book Fairs. Moreover, its seasonal distribution generated no income during the summer months. learn how over 7,000 companies got started! It spent $20 million to develop its first animated television series, The Magic School Bus, which debuted on PBS in fall 1994. St. James Press, 1999. It recently had launched two new series, Animorphs and Dear America. The company also launched its first consumer magazine, Family Computing, a line of software for children entitled Wizware, and a magazine on disk, called Microzine. By 1995 trade distribution had surpassed book clubs as Scholastic's largest distribution channel, due largely to the popularity of Goosebumps, which helped Scholastic realize a 21 percent jump in domestic book publishing sales to $516.8 million in 1994--95. In September 1993 the company started Scholastic Network, an educational online computer service available on America Online (AOL). Secure and cloud-based. Distributor Promo Kit. In 1982 the New Media division was launched to focus on educational software. Net income declined to $31.9 million in fiscal 1996; it was affected by an after-tax charge of $14.9 million due to a change in accounting standards and other factors. A magazine for junior high school readers, entitled Junior Scholastic, was introduced during this time, and the company's underpaid staff received salary increases. A D&B Hoovers Subscription is your foot in the door to Scholastic Corporation contact information. In... See other industries within the Media Sector, Development Tools, Operating Systems & Utilities Software, Internet Publishing, Broadcasting & Search Portals, Multimedia, Graphics & Publishing Software, Special Effects & Other Video Post-Production Services, See who the company's key decision makers are. Scholastic licensed some 40 consumer products related to The Magic School Bus series, ranging from clothing to toys, to partners such as Hasbro and Sega. Once upon a time, a company grew up to become one of the world's leading children's book publishers. Scholastic UK – bringing outstanding children’s books, teaching resources and educational products to schools, teachers and families for more than 90 years through Book Clubs, Book Fairs and Scholastic … The plaintiffs charged that the company made misleading statements about its earnings before announcing on February 20, 1997 that it would have a huge loss in the third quarter. The publicly traded Scholastic Corporation has made a conscious decision to weave them into a twisted account of American History (their label) portraying our country as systemically racist, fundamentally flawed, and essentially evil. Hoping to increase revenues, he also put the Scholastic on a weekly publication schedule. The company entered the book fair business by acquiring California School Book Fairs in 1981. Scholastic's management deemed these to be noncore assets. The Scholastic Store Online Mon-Fri 9:00 AM - 7:00 PM Eastern Time. Detailed profiles of all businesses owned and operated by this company for insights and prospecting. Scholastic Futsal Inc. is a Texas Domestic Non-Profit Corporation filed on April 11, 2017. Get verified inside information about the supplier relations of SCHOLASTIC CORPORATION. Once upon a time, a company grew up to become one of the world's leading children's book publishers. Company Description. Net income rose to a respectable $23.6 million. EBS is a technology-based reading motivation, management, and assessment system designed for use in schools. Net income for fiscal 1997 (ending May 31) was only $361,000 on sales of $966 million. It also acquired The Electronic Bookshelf (EBS) in April 1998. You consent to Dun & Bradstreet (D&B) using this data for marketing and analytical purposes, and to D&B emailing you or using an autodialer or pre-recorded voice to text or call you at the number you provide with marketing or other offers. By 1996--97 the growth had slowed, and the company found it necessary to make staff reductions and eliminate some operations to achieve a profitable fiscal 1998. It introduced two new products to improve literacy, Scholastic READ 180 and Scholastic Reading Counts!. The company undertook several cost-cutting and restructuring measures. Overall the company reported a 24 percent increase in revenues to $928.6 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. Faced with a need to improve profitability, Scholastic rebounded in fiscal 1998. The company also was focused on building its educational publishing, with several states adopting its new instructional programs. 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. ADDRESS: Postal: Private Bag 94407 ... jomalley@scholastic.co.nz . 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. Everything becomes possible. In the early 1940s Scholastic's two principal stockholders, hoping to recoup their investment, sought a buyer for the company. It also consolidated four instructional units into one division. For 1998, 13 episodes of The Magic School Bus series would be completed for a total of 52 shows. Click the button below to request a report when hardcopies become available. Connect with Carol Chanter, Operations, Scholastic Corporation, Email Id, Direct Dial, Social media profile and more within matter of minutes. Principal Subsidiaries: Scholastic Inc.; Scholastic Entertainment, Inc.; Scholastic Book Clubs, Inc.; SE Distribution Inc.; Lectorum Publications, Inc.; The Electronic Bookshelf, Inc.; Red House Book Clubs Ltd. (England); Scholastic Canada Ltd.; Scholastic Publications Ltd. (England); Scholastic Australia Pty. To boost circulation, company executives divided up their sales territory into 180 "Scholastic Districts," hiring part-time sales staff, referred to as Resident Representatives, to work on commission in each district. The publicly traded Scholastic Corporation has made a conscious decision to weave them into a twisted account of American History (their label) … With support from teachers, parents, and schools, children choose from Scholastic the books they want to read, and discover the pleasure and power of reading. Call 1-800-770-4662 Email. You consent to Dun & Bradstreet (D&B) using this data for marketing and analytical purposes, and to D&B emailing you or using an autodialer or pre-recorded voice to text or call you at the number you provide with marketing or other offers. Companies in this industry publish fiction and nonfiction trade books, as well as educational and professional... Companies in this industry produce, process, or distribute information and entertainment content. 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. Credit building solutions to fit your growing business. In January 1998 Scholastic sold its SOHO Group (Small Office and Home Office) of business publications for $20 million. When wartime rationing of paper went into effect on January 1, 1943, however, Scholastic was forced to produce thinner publications and turn down subscribers. Want more contacts like these available directly in your inbox? 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. See our Privacy Notice to unsubscribe. Renamed Scholastic Entertainment in 1998, the division would be an important source of revenue during the 1990s. In 1986 he reestablished control over the company by creating SI Holdings Inc., which maintained a 51 percent share of the company's stock. The company expanded internationally during the 1960s after opening its first international subsidiary, Scholastic Canada, in 1957. This number is assigned once our patented identity resolution process, part of our DUNSRight, Learn about how a Dun & Bradstreet D-U-N-S number can help your company succeed, Establish your business, get noticed, and control your story in the global marketplace, Look up a partner’s company or find your company’s D-U-N-S Number, View and update business information on your D&B Credit file, A leading global provider of business decisioning data and analytics for almost 200 years, Live Business Identity is the most comprehensive and continually updated view of a business entity, Our always-open marketplace for unique offers that help your business grow and thrive, Drive performance through our partnership program, D&B Accelerate, Information and resources about the performance of Dun & Bradstreet. In July 1992 R.L. When that happens, the world opens. Problems concerning the political views reflected in Scholastic publications resurfaced in the late 1940s and 1950s. Scholastic went public with shares selling for $26. Scholastic Corporation is one of the largest publishers and distributors of children's books in the world. Please fill out the form below and click "Place Order" to complete your order. The sale included Home Office Computing and Small Business Computing, along with an online site and a custom publishing division. Focusing on the potential of its original publication, the Scholastic, Robinson cut costs by doing away with its expensive cover art and printing the entire magazine on less expensive paper. The company's payroll grew 20 percent to 3,700 employees at a time when many other media companies were downsizing. During the 1931--32 school year, Scholastic entered into a joint venture with competitor American Education Press, in which Scholastic gained control of four publications: The Magazine World, World News, Current Literature, and Looseleaf Current Topics. The other series was The Baby-sitters Book Club book series, written by Ann Martin for young girls ages eight to 12. With the scope and complexity of its operations expanding, the company underwent several corporate reorganizations in the 1970s. Over the summer he distributed a brochure describing his proposed publication, the Scholastic, to those present at the National Education Association convention in Boston. By May 1984, however, these new ventures had resulted in losses of $13.8 million, and the company's stock price plummeted. Scholastic Financial Services Inc. is a District Of Columbia Corporation filed on February 17, 1982. The Baby-sitters Club Movie was released in 1995 and then on video in 1996. You may also indicate whether you are a shareholder, customer, supplier, or other interested party. In two widely publicized cases, in Washington, D.C. in 1936 and in Topeka, Kansas in 1938, Senior Scholastic was accused of promoting communism. It marked Scholastic's entry into the highly successful book club business, which grew over the next 50 years to include 11 book clubs serving preschool through junior high school students. Call 1-800-724-6527 (within the United States) Call 1-573-632-1632 (from Puerto Rico, US … All rights reserved. For 1992--93 (fiscal 1993 ending May 31, 1993), Scholastic reported revenues of $552 million and net income of $28 million. Ltd.; Scholastic New Zealand Ltd.; Scholastic Mexico S.A. de C.V. The Dun & Bradstreet Data Cloud offers the world’s most comprehensive business data and analytical insights to power today’s most crucial business needs. Get address, phone number, hours, reviews, photos, geolocation and more for Scholastic Corporation, 90 Old Sherman Turnpike, Danbury, CT 06810, USA on businessyab.com All rights reserved. It utilized computer-based tests on popular, high-quality books and provided a method of recognizing and rewarding students for reading achievement. Scholastic improved its marketing muscle with the January 1999 acquisition of QED (Quality Education Data) from Peterson's, an International Thomson Publishing company. To finance the publication of The Western Pennsylvania Scholastic, Robinson continued to work at various jobs in public relations. You can contact Scholastic Corporation's Board of Directors to provide comments, to report concerns, or to ask a question, at the following address. As a result, educational spending by government was growing significantly for the first time since the 1960s. 29. See our Privacy Notice to unsubscribe. The Registered Agent on file for this company is United States Corporation Agents, Inc. and is located at 9900 Spectrum Drive, Austin, TX 78717. Later in 1998 Scholastic purchased the assets of Pages Book Fairs, the second largest book fair operator, for $10.5 million. The growth of Scholastic's student book club operations created the need for a warehouse to hold goods for shipping. Corporate Secretary Scholastic Corporation 557 Broadway New York, NY 10012 United States You may submit your concern anonymously or confidentially by postal mail. The Investor Relations website contains information about Scholastic Corporation's business for stockholders, potential investors, and financial analysts. They proved so successful that Scholastic went national by acquiring Great American Book Fairs in 1983. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Products are distributed through retail and online sales and through schools via reading clubs and fairs. With 103 Goosebumps titles in the market and 200 million copies in print, Scholastic was trying to lessen its dependence on the series. The study was completed in 1941 and recommended that the company either be liquidated or that Robinson be replaced as its head. How to Earn Book Fair Rewards for Your School Nov 26, 2019; Free Shipping on Book Orders over $25 Nov 26, 2019; Scholastic Store Online Order Status and Shipping Nov 26, 2019; Scholastic Store Online Payment Options Feb 21, 2019; Teacher Store Shipping and Handling Charges Feb 21, 2019; Contact Scholastic Store Online Feb 21, 2019 Book publishing contributed 66 percent of revenue and 91 percent of net income. At this time book clubs were Scholastic's largest distribution channel, accounting for approximately half of its domestic book publishing revenue of $428 million. See other locations. Scholastic’s thriving international businesses have enjoyed steady growth since the company first crossed the border to launch Scholastic Canada in 1957. Facing charges that the material was unsuitable for young people, some schools were forced to ban Scholastic magazines. You can find Scholastic products in Book Club, Book Fairs, the classroom, and retail chains and independent booksellers. Book fairs were typically run by parents and teachers in schools and offered Scholastic another distribution channel. In addition to printed materials, the company also produces educational software and videos and is involved in movies and children's television programming. By the end of the decade, Scholastic had added several new publications to its roster, including Practical Home Economics, acquired in 1952, and JAC/Junior American Citizen, which was renamed Newstime. Consent is not a requirement of purchase. Scholastic stock was first offered to the public through the New York Stock Exchange in 1969, and the 1970s began a period of steady financial growth at Scholastic. The publication's new format was to resemble that of a magazine and would include articles relevant to classroom work in English, social studies, science, and foreign languages. 029 968 9837 Central and Lower North Island, Gisborne: Irene Gibbs . This elementary language arts core curriculum program was adopted by many major school districts and endorsed for use by U.S. Department of Defense Schools. What do George Floyd, Thanksgiving, and the Civil War all have in common? The first edition of The Western Pennsylvania Scholastic provided articles on topics of general interest to students and was published on October 22, 1920. See our, Textbooks: publishing only, not printed on site, Magazines: publishing only, not printed on site, Non-theatrical motion picture production, television, Free Microsoft Outlook plugin to drive efficiency with on-demand sales intelligence. In the early months of 1929, Robinson acquired a weekly social studies periodical, The World Review, for which he paid with Scholastic stock. 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. It also ran as a successful children's television series on Public Broadcasting Stations (PBS). It resulted in a television series, home videos, CD-ROMs, and consumer products, as well as its own Web site and fan club. For technical support for any of our digital resources please contact us: By phone: 800-724-2222. Consent is not a requirement of purchase. Foundations Laid for Diversification into New Media in the 1980s. Shipping Information. In addition to exploiting a new and growing market, such material helped offset the declining popularity of Senior Scholastic. This unit eventually became central to Scholastic's Library and Trade Division, which marketed publications to libraries and book wholesalers and distributed a new line of Scholastic/Folkways Records, the company's first audio offerings. Continued financial strains brought on by the Great Depression, however, prompted Robinson to seek the economic resources of another publishing firm. Consequently, Robinson was forced to suspend payment of his staff for a month. 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. Scholastic Corporation does not currently have any hardcopy reports on AnnualReports.co.uk. Scholastic also was exploring emerging markets through its subsidiaries in Mexico, India, and Hong Kong. Released in 1995 and then on video in 1996 series was launched to focus on educational software and and. 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