Deborah Forte, President of Scholastic Media, a division of Scholastic Corporation and Clifford The Big Red Dog, preside over the Market Open

Wednesday, February 14, 2007
at NASDAQ's MarketSite
in New York City.

Scholastic Corporation
[SCHL]

Deborah Forte, President of Scholastic Media, a division of Scholastic Corporation (Nasdaq:SCHL), the global children's publishing, education and media company, and Clifford The Big Red Dog(tm), the beloved literary icon and star of the top rated children's television series, preside over the opening bell to celebrate Valentine's Day. Following NASDAQ, Clifford is spreading his BIG, RED HEART on Valentine's Day to children at St. Vincent's Hospital in Manhattan, where he will be delivering a giant Clifford Valentine's Day Card made by kids at The Scholastic Store. Clifford will also be donating books and videos to the children.

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.

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Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 02/14/2007 Download Hi-Res Quality Photo of this NASDAQ Market Open - Pictured: Deborah Forte, President of Scholastic Media, a division of Scholastic Corporation and Clifford The Big Red Dog, preside over the opening bell to celebrate Valentine's Day. These photos are Copyright 2007, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2007, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.