SCHOLASTIC NAMES CYNTHIA AUGUSTINE SENIOR VICE PRESIDENT, HUMAN RESOURCES AND EMPLOYEE SERVICES



New York, NY (July 9, 2007) -- Scholastic Corporation, the global children’s publishing, education and media company, today announced that Cynthia Augustine has joined the company as Senior Vice President, Human Resources and Employee Services.  Ms. Augustine will be a member of the company’s Management Executive Committee and will report to Scholastic Executive Vice President, Chief Administrative Officer, and CFO Maureen O’Connell. 
 
Announcing the appointment, Ms. O’Connell said, “Cindy Augustine joins Scholastic with a strong background in human resources and employment law, an in-depth knowledge of our industry, and impressive credentials in business strategy and operations.  Her extensive experience leading human resource functions for diversified media companies will serve us well as we continue to expand our global business.  Just as important, she brings to her new role a passion for our mission of helping children learn to read and love to learn.”
 
Prior to joining Scholastic, Ms. Augustine was Senior Vice President of Talent Management for Time Warner.  In that role, she oversaw executive and staff development, global recruitment and executive search, and diversity programs.  Before joining Time Warner in 2004, she was SVP of Human Resources at The New York Times Company, with responsibility for organizational development, compensation and benefits, and employee relations.  She was also President of The New York Times Company Broadcast Group, where she was responsible for the improved performance of eight network affiliate television stations and a radio station. 
 
An attorney, Ms. Augustine also was a partner at Sabin, Bermant and Gould LLP, specializing in employment law.  Earlier in her career, she was a senior attorney in the Legal Department at The New York Times Company.
 
“As a mother, I have long been a fan of Scholastic,” Ms. Augustine said.  “I am looking forward to joining the company and helping further its efforts to promote children’s literacy and lifelong learning.”
 
Ms. Augustine earned a B.A. from Sarah Lawrence College and a J.D. from the Rutgers University School of Law.  She resides in Montclair, New Jersey with her husband and their two children.
       
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology.  Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys.  The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company's Internet site, www.scholastic.com.

Contacts:
Scholastic
Kyle Good
212-343-4563