Exhibit 99.1



Subsequent to the sale discussed in this amended report, as
indicated in his original report, Mr. Robinson disposed
of an additional 420,000 shares,leaving him as the beneficial
owner of 4,797,948 shares of Common Stock, which includes
601,967 shares held directly and: (A) 890,904 shares
of Common Stock, which are receivable upon conversion of
890,904 shares of Class A Stock, par value $.01 per share,
owned by Richard Robinson;  and (B) 490,000
shares of Common Stock subject to two variable forward
agreements.  Also includes shares owned by
(C) the Trust under the Will of Maurice R. Robinson (the
"Maurice R. Robinson Trust"), as follows: (i) 1,683,092 shares
of Common Stock and (ii) 648,620 shares of Common Stock
which are receivable upon conversion of 648,620 shares of
Class A Stock, par value $.01 per share; and (D) the Trust
under the Will of Florence L. Robinson (the "Florence L. Robinson Trust"),
as follows: (i) 350,000 shares of Common Stock and
(ii) 116,676 shares of Common Stock which are receivable
upon conversion of 116,676 shares of Class A Stock,
par value $.01 share. Richard Robinson is one of six trustees
of the Maurice R. Robinson Trust, and one of two trustees of the
Florence L. Robinson Trust, with shared voting and investment power
with respect to the shares of Common Stock and Class A Stock owned by
the two trusts,respectively. The shares of Class A Stock are convertible
into shares of Common Stock,at any time at the option of the holder thereof,
on a share-for-share basis. Also includes (E) 7,594 shares of Common Stock
for which Mr. Robinson is custodian under a separate custodial account for
one of his sons, (F)  4,883 shares of Common Stock
with respect to which Mr. Robinson had voting rights at May 31,2008
under the Scholastic 401(k) Savings and Retirement Plan, and
(G) 4,212 shares owned directly by his minor children.