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Scholastic
Scholastic

-7.35%

Services & consulting / Publishing and Education Services

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Overview
is that it is a multinational publishing, education, and media company known for its educational materials, classroom magazines, and book clubs. The company was founded in 1920 by Maurice R. Robinson in Wilkinsburg, Pennsylvania. It originally focused on publishing magazines for children and later expanded into educational materials and book clubs.
Today, Scholastic offers thousands of products and services for teachers, students, and families, including books, e-books, classroom magazines, teacher resources, and online learning platforms. The company has a presence in over 165 countries and serves millions of children and families each year.
In addition to its publishing and educational materials, Scholastic is also known for promoting literacy and helping children develop a love for reading. Through partnerships, initiatives, and special events such as the Scholastic Book Fairs, the company works to provide books and resources to children in need and support literacy initiatives around the world.
Scholastic has also made a name for itself in the entertainment industry, with film and television adaptations of popular book series such as Harry Potter and The Hunger Games. The company also produces its own television shows, such as the popular kids' show "The Magic School Bus."
In recent years, Scholastic has expanded its digital offerings, developing online learning programs, interactive e-books, and educational apps. The company also offers professional development and training for educators through its Scholastic Education division.
Overall, Scholastic is a well-known and respected name in the education and publishing world, dedicated to providing quality educational materials and promoting literacy and a love for reading among children.
What is special about the company?
1. Long history: Scholastic has been in operation for over 100 years, with its beginnings dating back to 1920. This long history has allowed the company to establish itself as a trusted and reputable brand.
2. Focus on education: Scholastic's primary focus as a company is on education. They aim to help children learn and grow through their books and educational materials.
3. Diverse product range: Scholastic offers a wide range of products and services, including books, magazines, educational materials, digital learning tools, and book fairs. This allows them to reach a diverse audience and cater to different learning styles and needs.
4. Partnerships with schools: Scholastic has strong partnerships with schools and educators, providing them with resources, materials, and programs to enhance the learning experience.
5. Impact on literacy: The company's mission is to encourage children to read and improve literacy rates. They have numerous programs and initiatives, such as Read 180, aimed at promoting reading and literacy skills.
6. Global presence: Scholastic is a global company, reaching children and educators in over 165 countries. Their international presence has allowed them to have a significant impact on children's education worldwide.
7. Social responsibility: Scholastic is committed to making a positive impact on society and the environment. They have various initiatives and programs focused on promoting sustainability, diversity, and inclusivity.
8. Award-winning content: Scholastic has produced award-winning content, including books, magazines, and educational materials. This recognition further solidifies their reputation as a leading company in the education sector.
9. Innovation: Scholastic is continuously evolving and adapting to the changing education landscape. They invest in research and development to create innovative products and services that meet the evolving needs of students and educators.
10. Strong brand recognition: Scholastic's brand is widely recognized and trusted by parents, teachers, and children. This strong brand presence has helped the company become a household name in the education industry.
What the company's business model?
The Scholastic company's business model is primarily focused on the publishing and distribution of educational materials for children and young adults. This includes books, magazines, multimedia products, and educational technology resources. They also offer educational services and programs to schools and libraries, including book fairs and book clubs. Scholastic has also expanded its business to include digital media and educational software. In addition, the company has a strong focus on marketing and branding, using popular book series and characters to promote its products and engage with young readers.
Interesting facts about the company
1. Scholastic was founded in 1920 by Maurice R. Robinson as a classroom magazine called The Western Pennsylvania Scholastic.
2. The company’s first franchise was the publication of the book Popular Plays for Classroom Reading and Production.
3. In 1948, Scholastic introduced its first book club to encourage a love for reading among children and help parents find affordable books for their kids.
4. In 1953, Scholastic published its first non-fiction book called The Witch of Blackbird Pond by Elizabeth George Speare, which went on to win a Newbery Medal.
5. Scholastic’s book club program hit a milestone in 1976, when the company sold its billionth book through its school book clubs.
6. In 1982, Scholastic expanded its business by acquiring Grolier Inc., a leading publisher of children’s reference books and educational products.
7. Scholastic’s most famous and successful publication is the Harry Potter series by British author J.K. Rowling, which first appeared in the company’s book clubs in the late 1990s.
8. Scholastic also publishes popular book series such as The Baby-Sitters Club, Goosebumps, and Clifford the Big Red Dog.
9. Scholastic has a long history of promoting literacy and education around the world. The company’s Open a World of Possible program has provided books and resources to over 40 million children in need.
10. Scholastic has won numerous awards and accolades, including being listed as one of the World’s Most Admired Companies by Fortune magazine and named a Top 100 Green Company by Newsweek.
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