Trade Scholastic

Schools Foundation is an American multinational publishing, education and media company that publishes and distributes comic books, books and educational materials for schools, parents and children. Products are distributed through retail and online sales and through schools through reading clubs and exhibitions. Scholastic was founded in 1920 by Maurice R. Robinson near Pittsburgh, Pennsylvania, to be a publisher of young magazines. The first publication was in Western Pennsylvania Scholastic. Sports and social activities in secondary schools were covered for the first time on October 22, 1920. In the 1940s, Scholastic entered business book clubs. In the 1960s, international publishing sites were added in England (1964), New Zealand (1964) and Sydney (1968). Also in the 1960s, Scholastic entered the book publishing business. In the 1980s, Scholastic entered the Book Fair business. In February 2012, Skolastic bought the weekly reader publishing from the Reader's Digest, and announced in July of that year that it planned to discontinue separate versions of weekly reader magazines after more than a century of publication, and co-described magazines as "study news/weekly reader."