Big Publisher Down in Third Quarter

photoThe third quarter is typically a slow one for Scholastic, the largest publisher and distributor of children’s book and other content in the world. This year, it was particularly slow.

The publisher was down in revenue and in profit this quarter versus last.

Slower-than-expected educational technology and trade publishing sales were to blame.

Bright spots were the company’s school book club businesses, which saw a 9% increase in revenues.

More.


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One thought on “Big Publisher Down in Third Quarter

  1. Richard Morgan

    One way for Scholastic to improve its educational technology might be through the adoption of technologies such as the WHY Code http://whycode.com/ . This enables information to be broken down into the fundamental learning questions, providing a higher level of learning for children, yet in an easily understandable format.

    Reply

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