Exhibit 99.1

Mr. Robinson is the beneficial owner of 3,993,779 shares of Common Stock.

Directly held shares includes 742,608 shares of Common Stock and 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.

Indirectly held shares include: shares owned
by (i) the Trust under the Will of Maurice R. Robinson
(the "Maurice R. Robinson Trust"), as follows: (a) 1,183,092 shares
of Common Stock and (b) 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 (ii) the Trust under the Will of Florence L.
Robinson (the "Florence L. Robinson Trust"), as follows: (a) 350,000
shares of Common Stock and (b) 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 48,820 shares of
Common Stock beneficially owned by his sons for which Mr. Robinson
is deemed the beneficial owner and 13,059 shares held in
the Scholastic 401(k) Savings and Retirement Plan.