Scholastic Closes Investment in 9 Story Media Group, Award-Winning Creator, Producer and Distributor of Premium Children’s Content

June 21, 2024

https://www.prnewswire.com/news-releases/scholastic-closes-investment-in-9-story-media-group-award-winning-creator-producer-and-distributor-of-premium-childrens-content-302178999.html

Transaction Further Strengthens Scholastic’s 360-Degree Content Creation Strategy and Position as a Leading Children’s Media Company

NEW YORK and TORONTO, June 21, 2024 /PRNewswire/ — Scholastic (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that it has closed its previously announced definitive agreement to invest in 9 Story Media Group (“9 Story”), a leading independent creator, producer and distributor of premium children’s content, after receiving a satisfactory opinion from the Minister of Canadian Heritage with respect to the transaction, in addition to satisfying customary closing conditions.

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