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Thursday, Dec 15
2011, 11:56 AM
Scholastic (SCHL +4.2%) execs give a peek under the hood in an earnings CC discussing FQ2...
Scholastic (SCHL +4.2%) execs give a peek under the hood in an earnings CC discussing FQ2 results. The most interesting tidbit is the firm's sweeping commitment to take its business to an online model including cutting costs and reducing a voluntary retirement program to find the money for technology spending. Scholastic hopes to realize gains from its investment when it launches ereading apps in ebookstores this spring and a broad ebook launch to teachers and parent customers for back-to-school 2012.