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. Added Publications But Financial Problems Persisted in the 1930s and 1940s. By clicking the button above, you agree to our Terms of Use and consent to our contact process. 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. 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With the acquisition Scholastic planned to increase the number of parent-teacher-run book fairs as early as fall 1998. Combine your data with Dun & Bradstreet Data Cloud data to create new analytical models that can give you a competitive edge. It also consolidated four instructional units into one division. Fill out this form, and we'll contact you soon. The other series was The Baby-sitters Book Club book series, written by Ann Martin for young girls ages eight to 12. Scholastic Corporation is an American multinational publishing, education and media company that publishes and distributes comics, books and educational materials for schools, parents and children. Consent is not a requirement of purchase. Scholastic's future growth will be fueled by the so-called Millennial Generation, some 70 million children under the age of 18. Movie and television projects were becoming a growing part of Scholastic. 029 968 9837 Central and Lower North Island, Gisborne: Irene Gibbs . 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The company's filing status is listed as Forfeited Existence and its File Number is 0802695341. For the first time Scholastic surpassed the $1 billion mark in revenue with $1.058 billion, a 9.5 percent increase over fiscal 1997. Scholastic went public with shares selling for $26. Scholastic Corporation does not currently have any hardcopy reports on AnnualReports.com. Instead, however, Scholastic's backers agreed to finance the company on a long-term basis, provided some economizing measures were taken. Copyright (c) 2019 Company-Histories.com. All rights reserved. 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. 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. After the war, Scholastic moved to expand its circulation and the number of titles it offered. For 1998, 13 episodes of The Magic School Bus series would be completed for a total of 52 shows. In addition to exploiting a new and growing market, such material helped offset the declining popularity of Senior Scholastic. 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. ADDRESS: Postal: Private Bag 94407 ... jomalley@scholastic.co.nz . Corporate Secretary Scholastic Corporation 557 Broadway New York, NY 10012 United States You may submit your concern anonymously or confidentially by postal mail. 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. For 1992--93 (fiscal 1993 ending May 31, 1993), Scholastic reported revenues of $552 million and net income of $28 million. By May 1984, however, these new ventures had resulted in losses of $13.8 million, and the company's stock price plummeted. Get verified inside information about the supplier relations of SCHOLASTIC CORPORATION. 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. The Company then … The study was completed in 1941 and recommended that the company either be liquidated or that Robinson be replaced as its head. 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. It spent $20 million to develop its first animated television series, The Magic School Bus, which debuted on PBS in fall 1994. Scholastic Corporation sells books to children in some 165 countries. By continuing to browse the site, you agree to our use of cookies. The Registered Agent on file for this company is Hans Revestign and is located at 1000 … 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. Everything becomes possible. shaddock@scholastic.co.nz . Following the announcement, the company's stock lost about half its market value, falling from around $69 a share to between $30 and $36 a share. Call 1-800-724-6527 (within the United States) Call 1-573-632-1632 (from Puerto Rico, US … 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. It utilized computer-based tests on popular, high-quality books and provided a method of recognizing and rewarding students for reading achievement. Between 1992 and 1996 Scholastic had enjoyed tremendous sales and income growth, with sales increasing 439 percent and net income rising 147 percent. *Contacts and Principals counts are estimates and may differ from the actual number of contacts available in D&B Hoovers. 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. This demographic surpasses even the 65 million members of the Baby Boom generation born after World War II. Financial Growth as a Public Company in the 1970s. When new management and reorganizations failed to alleviate the financial burden, Robinson decided to take Scholastic private. St. James Press, 1999. In April 1932 Scholastic bought out American Education Press and, two months later, the company's name was changed to Scholastic Corporation, as plans were made to sell St. Nicholas before the end of the year. 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 1993--94 Scholastic was moving toward multimedia and interactive products as well as television programming. The publicly traded Scholastic Corporation has made a conscious decision to weave them into a twisted account of American History (their label) … The Investor Relations website contains information about Scholastic Corporation's business for stockholders, potential investors, and financial analysts. The multimedia (books, videos, and software) Scholastic Science Place program for grades K-2 generated sales of $19 million. In January 1998 Scholastic sold its SOHO Group (Small Office and Home Office) of business publications for $20 million. The company undertook several cost-cutting and restructuring measures. See similar companies for insight and prospecting. In July 1992 R.L. The company operates through three divisions: Children's Book Publishing and Distribution; Education; and International. Consequently, Robinson was forced to suspend payment of his staff for a month. In 1924 Scholastic began to sponsor the Scholastic Creative Writing Awards as well as a contest to provide cover designs by high school art students, programs that proved extremely popular. Sales of the company's 28 school magazines were growing at a slower pace. 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. 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. Over the summer he distributed a brochure describing his proposed publication, the Scholastic, to those present at the National Education Association convention in Boston. In 1992, Scholastic moved from its offices at 730 Broadway to 555 Broadway, a beautifully-renovated building that originated as a turn-of-the-century department store. New York, NY, 10012-3999 United States. Scholastic Futsal Inc. is a Texas Domestic Non-Profit Corporation filed on April 11, 2017. For a company that had its first office in the sewing room of CEO Dick Robinson’s grandmother’s house, the elegant corporate headquarters at 557 Broadway in New York’s SoHo is an apt symbol of Scholastic’s growth. It also ran as a successful children's television series on Public Broadcasting Stations (PBS). 029 968 9834 South and East Auckland. As a result, educational spending by government was growing significantly for the first time since the 1960s. Scholastic Corporation is one of the largest publishers and distributors of children's books in the world. For technical support for any of our digital resources please contact us: By phone: 800-724-2222. In July 1987, SI Holdings paid $84 million for the remaining Scholastic shares. Overall the company reported a 24 percent increase in revenues to $928.6 million. The publisher was founded in 1920. 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. Teaching Resources      � The Scholastic Corporation is one of the leading publishers and distributors of books, magazines, and other educational materials for children in the United States. Scholastic's management deemed these to be noncore assets. EBS is a technology-based reading motivation, management, and assessment system designed for use in schools. 29. Moreover, he began selling shares of Scholastic stock to raise funds. Find out how Scholastic provides support for and partners with distributors around the globe. The Registered Agent on file for this company is United States Corporation Agents, Inc. and is located at 9900 Spectrum Drive, Austin, TX 78717. Find out more. 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. It resulted in a television series, home videos, CD-ROMs, and consumer products, as well as its own Web site and fan club. Once upon a time, a company grew up to become one of the world's leading children's book publishers. Install D&B Email IQ to access your next prospects! In January 1997 it acquired Red House Books Ltd., a British children's book distributor and book club operator, making Scholastic the largest children's book publisher and distributor in the United Kingdom. Facing charges that the material was unsuitable for young people, some schools were forced to ban Scholastic magazines. By 1951, Scholastic was able to pay a dividend on its stock for the first time. 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. 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 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. The Investor Relations website contains information about Scholastic Corporation's business for stockholders, potential investors, and financial analysts. Scholastic was positioned to reach these children in school, on the Internet, through television and movies, and at home. 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. 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. To finance the publication of The Western Pennsylvania Scholastic, Robinson continued to work at various jobs in public relations. In 1922 Robinson decided to widen the scope of his student newspaper. All rights reserved. Continued financial strains brought on by the Great Depression, however, prompted Robinson to seek the economic resources of another publishing firm. 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. Faced with a need to improve profitability, Scholastic rebounded in fiscal 1998. Stine's popular Goosebumps series debuted. The company also was focused on building its educational publishing, with several states adopting its new instructional programs. Once the company was back on solid financial ground, it again went public, offering $90 million worth of stock in February 1992. Despite the publication's popularity, Scholastic continued to struggle financially, never realizing a profit in the 1920s. 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. By 1980, budget cuts and declining school enrollment rates posed a challenge to Scholastic. In addition to printed materials, the company also produces educational software and videos and is involved in movies and children's television programming. The following year, Robinson arranged for office space in Pittsburgh and hired a clerk to serve as office manager and assistant editor. The company's payroll grew 20 percent to 3,700 employees at a time when many other media companies were downsizing. The first edition of The Western Pennsylvania Scholastic provided articles on topics of general interest to students and was published on October 22, 1920. 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. When that happens, the world opens. Scholastic United Kingdom and Scholastic New Zealand were established in 1964, followed by Scholastic Australia in 1968. 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 1946 Scholastic Teacher, Practical English, and Prep were introduced. 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. We see them around but we don't know what goes on behind the scenes. It also acquired The Electronic Bookshelf (EBS) in April 1998. In the early 1940s Scholastic's two principal stockholders, hoping to recoup their investment, sought a buyer for the company. Please fill out the form below and click "Place Order" to complete your order. In two widely publicized cases, in Washington, D.C. in 1936 and in Topeka, Kansas in 1938, Senior Scholastic was accused of promoting communism. See our Privacy Notice to unsubscribe. Shipping Information. The Scholastic Corporation is one of the leading publishers and distributors of books, magazines, and other educational materials for children in the United States. 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. alerts, comprehensive company profiles, and valuable research and technology reports try D&B Hoovers learn how over 7,000 companies got started! Although the paper did not turn a profit during the 1921--22 school year, its circulation reached 4,000. Click the button below to request a report when hardcopies become available. Student book clubs were proving successful, and Scholastic added two new book clubs, the Arrow Book Club for younger students grades 4--6 and the Campus Book Club. 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. You can find Scholastic products in Book Club, Book Fairs, the classroom, and retail chains and independent booksellers. Tag: Scholastic Corporation Commentary: Scholastic Corp. Pushes a False Racial Narrative to Elementary Children. 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. Finally, we can read about how these great companies came about with Company Histories.. The US accounts for about 80% of sales. The Goosebumps series was launched on Fox television in the fall of 1995. We use cookies for marketing and advertising purposes, and to provide the best experience on our website. Scholastic Financial Services Inc. is a District Of Columbia Corporation filed on February 17, 1982. In addition to printed materials, the company also produces educational software and videos and is involved in movies and children's television programming. At the onset of World War II, Scholastic introduced a new magazine devoted to current events. 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. 029 968 9836 Waikato and Bay of Plenty: Sandie Haddock. The sale included Home Office Computing and Small Business Computing, along with an online site and a custom publishing division. Robinson designed the four-page paper from a desk in his mother's sewing room, and he sold it for five cents a copy. In 1982 the New Media division was launched to focus on educational software. More than 400 positions were eliminated as part of a $25 million cost-cutting program. Scholastic was releasing one Goosebumps title a month, usually with a first printing of 600,000 copies. Want more contacts like these available directly in your inbox? Book fairs were typically run by parents and teachers in schools and offered Scholastic another distribution channel. One was The Magic School Bus series, written by Joanna Cole and illustrated by Bruce Degen. Dun & Bradstreet collects private company financials for more than 23 million companies worldwide. Chairman of the Board and President and Chief Executive Officer, Executive Vice President and Chief Technology Officer. The company's filing status is listed as Active and its File Number is 820775. Growth Outpaced Book Industry in the 1990s. to Scholastic Corporation's website, See More Companies in the Book Publishers Industry. You will also need to register for a Dun & Bradstreet account if you do not already have one. Moreover, its seasonal distribution generated no income during the summer months. Book publishing contributed 66 percent of revenue and 91 percent of net income. 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 In 1965 Scholastic introduced its hardcover book publishing division, the Four Winds Press. The company showed continued revenue growth and profitability in early 1999. 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. 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. 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. 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. The growth of Scholastic's student book club operations created the need for a warehouse to hold goods for shipping. Only private, U.S. based companies can use the D-U-N-S Manager account to request updates to their company's Dun & Bradstreet profile at this time. The company continued to expand its audiovisual offerings in the early 1970s, introducing Enrichment Records; Art & Man Filmstrips, which supplemented a Scholastic periodical published under the direction of the National Gallery of Art; Bill Russell's Basketball Films; Clifford Filmstrips; and Margaret Court Instructional Films. Reach the right people with access to detailed contact information. Scholastic Corporation is a global children's publishing, education, and media company that produces and distributes educational materials for use in school and at home. 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. This information is updated and provided by Scholastic. By clicking the button above, you agree to our Terms of Use. Scholastic Corporation sells books to children in some 165 countries. Rachael Hobson rhobson@scholastic.co.nz. They proved so successful that Scholastic went national by acquiring Great American Book Fairs in 1983. 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. 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. 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. 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 … It introduced two new products to improve literacy, Scholastic READ 180 and Scholastic Reading Counts!. For 1996--97 declining sales from the Goosebumps series resulted in a decrease in retail sales. Please fill out the form below and click "Place Order" to complete your order. In 1959 the company completed construction of such a facility in Englewood Cliffs, New Jersey. As a result, the company's best-performing division of 1995--96 was Scholastic Productions, whose sales rose 104 percent to $39.8 million. 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. Animorphs was being adapted for television, with 13 shows set to air on Nickelodeon during 1998. A Hoovers subscription is your VIP access to key information. Shipping Information. 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. igibbs@scholastic.co.nz . A year later the stock was trading at $36 a share. We are a leading provider of literacy curriculum, professional services, and classroom magazines, and a producer of educational and popular children’s media. Once upon a time, a company grew up to become one of the world's leading children's book publishers. Net income rose to a respectable $23.6 million. Get address, phone number, hours, reviews, photos, geolocation and more for Scholastic Corporation, 90 Old Sherman Turnpike, Danbury, CT 06810, USA on businessyab.com In September 1993 the company started Scholastic Network, an educational online computer service available on America Online (AOL). Fox Network ordered another 24 episodes for 1997--98. By the late 1990s it had 335 titles and more than 172 million copies in print, with 12 new titles published each year. The Scholastic Store Online Mon-Fri 9:00 AM - 7:00 PM Eastern Time. You can contact Scholastic Corporation's Board of Directors to provide comments, to report concerns, or to ask a question, at the following address. Call 1-800-770-4662 Email. Company Description. In 1986 he reestablished control over the company by creating SI Holdings Inc., which maintained a 51 percent share of the company's stock. 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. The company entered the book fair business by acquiring California School Book Fairs in 1981. (Address of principal executive offices) (Zip Code) ... On January 5, 2017, Scholastic Corporation and Scholastic Inc. (each, a “Borrower” and together , the “Borrowers”) entered into a new 5-year credit facility with certain banks (the “Loan Agreement”). Ensure your Dun & Bradstreet scholastic corporation address data security, please take a to... 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