Scholastic Corporation (SCHL) Chief Financial Officer to Ring the NASDAQ Stock Market Closing Bell


ADVISORY, July 20, 2007 (PRIME NEWSWIRE) --



 What:
 Maureen O'Connell, Chief Financial Officer of Scholastic Corporation
 (SCHL), will preside over the closing bell along with past Harry
 Potter contest winners from across the country in celebration of the
 7th and final installment of the Harry Potter books, Harry Potter and
 the Deathly Hallows, which will be released on July 21 at 12:01 a.m.

 Where:
 NASDAQ MarketSite - 4 Times Square - 43rd & Broadway - Broadcast Studio

 When:
 Friday, July 20, 2007 at 4 p.m. ET

 Contacts:
 Sara Sinek
 Scholastic Corporation
 (212)343-6899
 ssinek@scholastic.com

 NASDAQ MarketSite:
 Jolene Libretto; 646.441.5220; 347.219.9539
 Jolene.Libretto@NASDAQ.com

Feed Information:

The closing bell is available from 3:50 p.m. to 4:05 p.m. on uplink IA-6 C-band/transponder 17. The downlink frequency is 4040 Vertical; Audio 6.2-6.8. The feed can also be found on Waterfront fiber 1623. If you have any questions, please contact Jolene Libretto at (646) 441-5220.

Radio Feed:

An audio transmission of the closing bell is also available from 3:50 p.m. to 4:05 p.m. on uplink IA6 C band / transponder 24, downlink frequency 4180 horizontal. The feed can be found on Waterfront fiber 1623 as well.

Webcast:

A live Webcast of the NASDAQ Closing Bell will be available at: http://www.nasdaq.com/reference/marketsite_about.stm

Photos:

To obtain a hi-resolution photograph of the Market Close, please go to http://www.nasdaq.com/reference/marketsite_events.stm and click on the market close of your choice.

About Harry Potter

Harry Potter and the Half-Blood Prince, J.K. Rowling's sixth Harry Potter book, was released on July 16, 2005, and was the fastest-selling book in history selling 6.9 million copies in the first 24 hours. All six Harry Potter books, Harry Potter and the Sorcerer's Stone, Harry Potter and the Chamber of Secrets, Harry Potter and the Prisoner of Azkaban, Harry Potter and the Goblet of Fire, Harry Potter and the Order of the Phoenix, as well as Harry Potter and the Half-Blood Prince have been number one bestsellers in the United States, Britain, and around the world. Scholastic is printing an unprecedented 12 million copies of Harry Potter and the Deathly Hallows which will be released at 12:01 a.m. on July 21, 2007. The American editions of the Harry Potter books are published under Scholastic's Arthur A. Levine imprint.

About Scholastic Corporation (SCHL):

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.