PW: Scholastic Sees Improvement

During the quarter, Scholastic said book club sales rose by more than 15% due to increased orders and higher revenue per order, while sales from trade properties - excluding Goosebumps - increased by more than 20%. Other highlights in the period included a 15% gain in book fair sales, and a 18% increase in licensing revenues. Two new television series, Animorphs for Nickelodeon and Dear America for HBO, are currently in pre-production, and Fox renewed Goosebumps for a fourth season.

For the nine months, total sales were up 7%, to $476.5 million, although net income dropped 19%, to $49.7 million.