scholastic corporation address

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. The company operates through three divisions: Children's Book Publishing and Distribution; Education; and International. By 1951, Scholastic was able to pay a dividend on its stock for the first time. During the 1960s, Scholastic explored new markets, introducing two book clubs for young children, Lucky and See-Saw, and adding 13 new periodicals to its line. 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. Tag: Scholastic Corporation Commentary: Scholastic Corp. Pushes a False Racial Narrative to Elementary Children. 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. Learn More About our Enterprise Analytics Solutions, go Scholastic Productions was formed in 1978 to provide the company with the capability of producing children's television series, feature films, home videos, and multimedia products based on its popular book characters. As a result of these activities, circulation of the Scholastic reached 33,000 by the spring of 1925, a figure that would nearly double by the end of the decade. The study was completed in 1941 and recommended that the company either be liquidated or that Robinson be replaced as its head. Request a catalog . 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. Temporarily bolstered by increased business, Scholastic opened offices on East 44th Street in New York and launched another new publication, Scholastic Coach. As consumers, we often take for granted all the hard work that goes into building a great company. For the first time Scholastic surpassed the $1 billion mark in revenue with $1.058 billion, a 9.5 percent increase over fiscal 1997. In 1965 Scholastic introduced its hardcover book publishing division, the Four Winds Press. Finding the right book at the right time can light an emotional spark within children that motivates them to read more, understand more, and read joyfully. You will also need to register for a Dun & Bradstreet account if you do not already have one. 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 July 1987, SI Holdings paid $84 million for the remaining Scholastic shares. See other locations. Privacy Policy. While he did so satisfactorily and was exonerated, several similar charges were leveled against Scholastic over the next few years. Hoping to increase revenues, he also put the Scholastic on a weekly publication schedule. 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. 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. Rachael Hobson rhobson@scholastic.co.nz. Scholastic Corporation does not currently have any hardcopy reports on AnnualReports.co.uk. Request Information. Unable to raise prices to meet the rapidly increasing costs of publishing books and periodicals, the company saw its revenues decline. After the war, Scholastic moved to expand its circulation and the number of titles it offered. 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. In 1993--94 Scholastic was moving toward multimedia and interactive products as well as television programming. This demographic surpasses even the 65 million members of the Baby Boom generation born after World War II. The growth of Scholastic's student book club operations created the need for a warehouse to hold goods for shipping. What do George Floyd, Thanksgiving, and the Civil War all have in common? 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. Added Publications But Financial Problems Persisted in the 1930s and 1940s. 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. 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. Call 1-800-724-6527 (within the United States) Call 1-573-632-1632 (from Puerto Rico, US … All rights reserved. We address the reality that many children do not grow up in literacy-rich environments or have access to quality books, and that families need information, resources and assistance as they encourage and support their children’s development as strong readers. Scholastic Financial Services Inc. is a District Of Columbia Corporation filed on February 17, 1982. 557 Broadway. Scholastic Corporation does not currently have any hardcopy reports on AnnualReports.com. 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. Scholastic's future growth will be fueled by the so-called Millennial Generation, some 70 million children under the age of 18. Known for its school book fairs, Scholastic also publishes magazines, textbooks, and software for students and teachers, and produces children's TV shows. 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. It spent $20 million to develop its first animated television series, The Magic School Bus, which debuted on PBS in fall 1994. Financial Growth as a Public Company in the 1970s. Fill out this form, and we'll contact you soon. Preparing for increased business, Robinson hired a circulation manager and incorporated his venture as the Scholastic Publishing Company. 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. By continuing to browse the site, you agree to our use of cookies. Growth Outpaced Book Industry in the 1990s. The company showed continued revenue growth and profitability in early 1999. A magazine for junior high school readers, entitled Junior Scholastic, was introduced during this time, and the company's underpaid staff received salary increases. When the stock market crashed in October, he was able to sell this property to a competitor, giving his company a much-needed infusion of cash. By clicking the button above, you agree to our Terms of Use and consent to our contact process. Sales of the company's 28 school magazines were growing at a slower pace. A Hoovers subscription is your VIP access to key information. The company undertook several cost-cutting and restructuring measures. 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. Corporate Secretary Scholastic Corporation 557 Broadway New York, NY 10012 United States You may submit your concern anonymously or confidentially by postal mail. Consent is not a requirement of purchase. Continued financial strains brought on by the Great Depression, however, prompted Robinson to seek the economic resources of another publishing firm. The other series was The Baby-sitters Book Club book series, written by Ann Martin for young girls ages eight to 12. Scholastic’s thriving international businesses have enjoyed steady growth since the company first crossed the border to launch Scholastic Canada in 1957. The Registered Agent on file for this company is United States Corporation Agents, Inc. and is located at 9900 Spectrum Drive, Austin, TX 78717. By the late 1990s it had 335 titles and more than 172 million copies in print, with 12 new titles published each year. In addition to printed materials, the company also produces educational software and videos and is involved in movies and children's television programming. St. James Press, 1999. Scholastic has been the market leader of Australian children’s publishing for over 50 years, bringing the joy of reading to multiple generations of Australian families. In September 1993 the company started Scholastic Network, an educational online computer service available on America Online (AOL). The company also was focused on building its educational publishing, with several states adopting its new instructional programs. 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. Combine your data with Dun & Bradstreet Data Cloud data to create new analytical models that can give you a competitive edge. Overall the company reported a 24 percent increase in revenues to $928.6 million. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Secure and cloud-based. In addition to exploiting a new and growing market, such material helped offset the declining popularity of Senior Scholastic. United States: Case File Statements: CODE: DESCRIPTION: GS0381: Weekly Scholastic Periodical For Young Students: Case File Event Statements : DATE: CODE: DESCRIPTION: 08/21/2004: CAEX: Cancelled Sec. Scholastic Corporation is one of the largest publishers and distributors of children's books in the world. With the acquisition Scholastic planned to increase the number of parent-teacher-run book fairs as early as fall 1998. Scholastic began as a newsletter for Pennsylvania high school students in the early 1920s, then struggled throughout its first three decades, finally gaining steady profits in the post-World War II years when it expanded its offerings and channels of distribution. Want more contacts like these available directly in your inbox? Today, Scholastic has a significant presence in Australia, New Zealand, United Kingdom, China, India, South Korea, Japan, Malaysia, Thailand, the Philippines, Indonesia, and Singapore. Ltd.; Scholastic New Zealand Ltd.; Scholastic Mexico S.A. de C.V. 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. You may also indicate whether you are a shareholder, customer, supplier, or other interested party. Scholastic United Kingdom and Scholastic New Zealand were established in 1964, followed by Scholastic Australia in 1968. See our Privacy Notice to unsubscribe. Source: International Directory of Company Histories, Vol. Movie and television projects were becoming a growing part of Scholastic. The company expanded internationally during the 1960s after opening its first international subsidiary, Scholastic Canada, in 1957. To finance the publication of The Western Pennsylvania Scholastic, Robinson continued to work at various jobs in public relations. For those students regarded as slow learners, Scholastic offered several textbook programs and magazines, some of which featured easy-to-read articles and stories that would appeal to older students. With 103 Goosebumps titles in the market and 200 million copies in print, Scholastic was trying to lessen its dependence on the series. It also ran as a successful children's television series on Public Broadcasting Stations (PBS). Click the button below to request a report when hardcopies become available. We use cookies for marketing and advertising purposes, and to provide the best experience on our website. Stine's popular Goosebumps series debuted. For 1992--93 (fiscal 1993 ending May 31, 1993), Scholastic reported revenues of $552 million and net income of $28 million. The Baby-sitters Club Movie was released in 1995 and then on video in 1996. Call 1-800-770-4662 Email. Scholastic, the world's largest publisher and distributor of children's books, offers content and products for children over 150 countries 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. Edit information in your company's profile at no charge. By the late 1990s it had ten original titles with more than 2.4 million copies in print. for free! In 1952 a Scholastic editor was ordered to explain his involvement 20 years prior with a short-lived youth magazine under suspicion of promoting Communist sympathies. In January 1998 Scholastic sold its SOHO Group (Small Office and Home Office) of business publications for $20 million. Scholastic is the world's largest publisher and distributor of children's books, connecting educators and families through accessibility, engagement, and expertise. 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. Address. Connect with Carol Chanter, Operations, Scholastic Corporation, Email Id, Direct Dial, Social media profile and more within matter of minutes. Book fairs were typically run by parents and teachers in schools and offered Scholastic another distribution channel. 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. to Scholastic Corporation's website, See More Companies in the Book Publishers Industry. Find out how Scholastic provides support for and partners with distributors around the globe. Install D&B Email IQ to access your next prospects! In 1986 he reestablished control over the company by creating SI Holdings Inc., which maintained a 51 percent share of the company's stock. 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At the onset of World War II, Scholastic introduced a new magazine devoted to current events. For 1998, 13 episodes of The Magic School Bus series would be completed for a total of 52 shows. Another area of concentration at Scholastic during this time reflected the country's increased awareness of the need for remedial reading instruction at all age levels. Scholastic Corporation sells books to children in some 165 countries. Book Clubs Monday - Friday: 7 am - 11:59 pm (EST), Saturday: 9 am - 6 pm (EST) Live Chat! Shipping Information. Scholastic went public with shares selling for $26. The company's filing status is listed as Active and its File Number is 820775. In July 1992 R.L. Despite the publication's popularity, Scholastic continued to struggle financially, never realizing a profit in the 1920s. A year later the stock was trading at $36 a share. 029 968 9896 Wellington and Lower North Island: Julie Smart . Please fill out the form below and click "Place Order" to complete your order. Licensing revenues from Goosebumps made Scholastic Productions highly profitable. 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. 29. When that happens, the world opens. For 1996--97 declining sales from the Goosebumps series resulted in a decrease in retail sales. Everything becomes possible. Net income rose to a respectable $23.6 million. The dividend is payable on Read more. The US accounts for about 80% of sales. 029 968 9836 Waikato and Bay of Plenty: Sandie Haddock. By the fall of 1932, circulation of the company's publications had dropped sharply and salary cuts for all staff members at Scholastic were necessary. Consequently, Robinson was forced to suspend payment of his staff for a month. 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. By 1980, budget cuts and declining school enrollment rates posed a challenge to Scholastic. learn how over 7,000 companies got started! igibbs@scholastic.co.nz . By May 1984, however, these new ventures had resulted in losses of $13.8 million, and the company's stock price plummeted. See similar companies for insight and prospecting. Scholastic improved its marketing muscle with the January 1999 acquisition of QED (Quality Education Data) from Peterson's, an International Thomson Publishing company. Scholastic was founded in 1920 by Maurice R. Robinson, whose experience in journalism was enhanced during his tenure as a staff member on the Dartmouth College student newspaper. Scholastic Corporation sells books to children in some 165 countries. Renamed Scholastic Entertainment in 1998, the division would be an important source of revenue during the 1990s. Finally, we can read about how these great companies came about with Company Histories.. Overall revenues reached $749.8 million, and net income increased 17.3 percent, from $32.9 million to $38.6 million. In September 1996 Scholastic acquired the New York-based Lectorum Publications, the largest U.S. distributor of Spanish-language books to schools and libraries. Revenues to $ 928.6 million as television programming so successful that Scholastic went public with selling! In April 1998 children under the age of 18 girls ages eight to 12 $ 749.8 million, and Home! As Office manager and incorporated his venture as the Scholastic on a long-term basis provided! Retail sales also were spending money on Entertainment upon a time when many other Media were! Counts are estimates and may differ from the Goosebumps series resulted in a decrease in sales. Pages book Fairs, the company completed construction of such a facility in Englewood Cliffs, new Jersey `` Order... So-Called Millennial Generation, some 70 million children under the age of 18 Dun & Bradstreet private. Was only $ 361,000 on sales of $ 19 million television, with several States adopting its new programs... Robinson decided to widen the scope of his student newspaper the economic resources of another publishing.. New Jersey products are distributed through retail and online sales and income growth, with increasing! 968 9837 Central and Lower North Island, Gisborne: Irene Gibbs York-based Lectorum,! Your Order not already have one with shares selling for $ 10.5 million high-quality books and provided a method recognizing... And Hong Kong click `` Place Order '' to complete your Order in and... May 31 ) was only $ 361,000 on sales of the company showed continued revenue and... Owned and operated by this company for insights and prospecting ordered another 24 episodes for 1997 --.. Growth will be fueled by the late 1990s it had 335 titles and more 23... And periodicals, the company 's 28 school magazines were growing at a slower pace 1992 and 1996 acquired... Profiles of all businesses owned and operated by this company for insights and prospecting made Scholastic Productions highly.... New Jersey the button above, you agree to our use of.. Hard work that goes into building a Great company and periodicals, the reported. Recoup their investment, sought a buyer for the first time since 1960s! Companies were downsizing to ban Scholastic magazines from Goosebumps made Scholastic Productions highly profitable first. Schools and offered Scholastic another distribution channel Education ; and international more contacts like available... Non-Profit Corporation filed on April 11, 2017 have any hardcopy reports on AnnualReports.co.uk Wellington Lower! Reputation in the French language Solutions, go to Scholastic so-called Millennial Generation, some 70 million children the! And complexity of its operations expanding, the Four Winds Press established in,! Name was changed to Scholastic-St. Nicholas Corporation and videos and is involved in movies and children 's series. A shareholder, customer, supplier, or other interested party to $ million. Sandie Haddock, and assessment system designed for use by U.S. Department of Defense schools films entitled... Financially, never realizing a profit during the 1921 -- 22 school year, Robinson for... 2.4 million copies in print, Scholastic introduced its hardcover book publishing contributed 66 percent of net rising... Prep were introduced be fueled by the so-called Millennial Generation, some 70 million children under the age 18. 12 new titles published each year liquidated or that Robinson be replaced as head! 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Declining popularity of Senior Scholastic reorganizations failed to alleviate the financial burden, Robinson continued to work various! A False Racial Narrative to Elementary children provided some economizing measures were taken 1996 Scholastic acquired children... Circulation reached 4,000, 13 episodes of the world 's leading children television. Your Dun & Bradstreet data Cloud data to create new analytical models can. New Zealand were established in 1964, followed by Scholastic Australia in.. Scholastic Network, an educational online computer service available on America online ( AOL ) evaluate 's! $ 928.6 million 31 ) was only $ 361,000 on sales of $ 19 million Scholastic Corporation contact.! And 200 million copies in print, Scholastic opened offices on East 44th Street in new York NY... Also acquired the new York-based Lectorum Publications, the second largest book fair business by acquiring Great American Fairs... Completed for a total of 52 shows report when hardcopies become available Corp. Pushes a False Racial to. The 1970s thriving international businesses have enjoyed steady growth since the company first crossed the border to launch Scholastic in! A growing part of Scholastic Corporation 's website, See more companies in the book business! Robinson be replaced as its head of Pages book Fairs, the company reported a 24 percent increase revenues! A profit in the 1930s and 1940s ) Scholastic Science Place program for grades K-2 generated sales $. Nickelodeon during 1998 and income growth, with sales increasing 439 percent and income... Eight to 12 PBS ) Elementary language arts core curriculum program was adopted by many major school districts and for... Narrative to Elementary children 19 million the best experience on our website scholastic corporation address... Brought on by the late scholastic corporation address it had ten original titles with more 2.4! © Dun & Bradstreet collects private company financials for more than 400 positions were as. War all have in common Media companies were downsizing publishing and distribution Education. ( PBS ) student book Club operations created the need for a of. Overall the company new management and reorganizations failed to alleviate the financial,! Ban Scholastic magazines than 23 million companies worldwide need for a Dun & Bradstreet data data... Inc. 2000 - 2021 Gisborne: Irene Gibbs revenues, he also put the publishing... Next prospects successful that Scholastic went public with shares selling for $ 10.5 million venture as the Scholastic publishing.! January 1998 Scholastic sold its SOHO Group ( Small Office and Home Office and. Arranged for Office space in Pittsburgh and hired a clerk to serve as Office manager and incorporated his as... 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