SCHOLASTIC NAMES TERENCE COONEY VICE PRESIDENT, REAL ESTATE



New York, NY (July 30, 2007) -- Scholastic Corporation, the global children’s publishing, education and media company, today announced that Terence V. Cooney has joined the company as Vice President, Real Estate.  Mr. Cooney will report to Scholastic Executive Vice President, Chief Administrative Officer, and CFO Maureen O’Connell. 
 
Announcing the appointment, Ms. O’Connell said, “Terry Cooney’s extensive experience managing global real estate assets will serve us well as we continue to grow our business and improve efficiencies.  We are especially delighted that he will be on-site at our New York headquarters, where he will oversee management of our beautiful, landmark SoHo facility.”
 
Scholastic owns or leases more than 7.5 million square feet of office and warehouse space in almost 200 facilities around the world.  Its headquarters office, one of the last designs by the famed Aldo Rossi, blends elements of the traditional cast iron architecture of SoHo with the classic beauty of downtown Manhattan.  New York Times architecture critic Paul Goldberger called it a “textbook example of how to design in a historic structure: subtle, brilliantly inventive, it is the sort of building that… will teach generations of architects the proper way to respond to historic structure.”
 
Mr. Cooney has over 20 years’ experience in the real estate management field.  He joins Scholastic from the Asbury Automotive Group, where he was Vice President and Executive Officer, Real Estate Management, responsible for all aspects of the company’s $1 billion real estate portfolio.  Prior to that, as Managing Partner of United Systems Integrators Corporation’s New York Metro region, he advised leading multinational companies on real estate matters.  Mr. Cooney was also Senior Asset Manager and Director of Real Estate Management Services for NYNEX, with responsibility for office management of the company’s Manhattan headquarters and its 2,000-site Northeastern U.S. real estate portfolio.  In addition, he has advised numerous Fortune 500 companies as a consultant in Ernst & Young’s global real estate consulting practice, and was an account manager for the International Service System, a company providing cleaning, maintenance, and related services to airports, hospitals and corporations. 
 
A licensed New York State real estate salesperson, Mr. Cooney is a member of the New York City chapter of CoreNet Global, an organization that focuses on corporate real estate innovation, education, and networking.  Mr. Cooney is a graduate of the University of Connecticut’s Executive Master of Business Administration program.  He is a popular speaker at real estate symposia, sharing his expertise on integrating corporate and business units’ real estate, shared services, and outsourcing, among other topics.
 
A resident of Wilton, Connecticut, he and his wife have 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
Jennifer Boggs
212-343-6619
 
Scholastic
Cathy Lasiewicz
212-343-6570