---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-076219"
form_type: "8-K"
ticker: "SCHL"
cik: "0000866729"
company_name: "SCHOLASTIC CORP"
filed_at: "2024-06-21T23:59:59+00:00"
generated_at: "2026-06-01T03:08:53.700941+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Scholastic closes CAD $250M investment in 9 Story Media Group, creator of children's content

## Summary
- Acquired 100% economic interest and minority voting rights for CAD $250M (~USD $182M).
- Transaction funded from cash and revolver; dividend and buyback program maintained.
- 9 Story CEO Vince Commisso continues to lead; Scholastic Entertainment remains under Iole Lucchese.
- Expected to be long-term earnings accretive; results consolidated into new segment starting FY2025.

## SEC filing metadata
- accession: 0000950170-24-076219
- form_type: 8-K
- ticker: SCHL
- cik: 0000866729
- company_name: SCHOLASTIC CORP
- filed_at: 2024-06-21T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/866729/000095017024076219/0000950170-24-076219-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/866729/000095017024076219/schl-20240620.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-076219
- JSON: https://secwatch.observer/filing/0000950170-24-076219.json
- Plain text: https://secwatch.observer/filing/0000950170-24-076219.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.