Scholastic Sales Boosted By Government Stimulus

03/18/2010 05:12 am ET | Updated May 25, 2011

Scholastic Corp., the children's book publisher whose sales slumped when the "Harry Potter" series ended, is getting a lift from the U.S. government as schools use stimulus funds to buy educational software.

Sales of Scholastic programs such as "Read 180" and related services topped $60 million in the fiscal first half ended Nov. 30, up 75 percent from a year earlier. About half the growth came from stimulus-related spending by school districts, said Margery Mayer, president of Scholastic's education unit.

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