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Scholastic Reports Second Quarter Results for Fiscal 2010

NEW YORK–(BUSINESS WIRE)–Scholastic Corporation (NASDAQ: SCHL) today reported strong results for the second quarter ended November 30, 2009, with a nearly 100% increase in higher margin educational technology sales, as well as margin benefit from targeted price increases and company-wide cost reductions. Before one-time, mostly non-cash charges, the Company recorded a 30% increase in earnings. In addition, substantial free cash flow (as defined) further reduced debt. The Company affirmed its f

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Scholastic Reports Second Quarter Results for Fiscal 2010

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