According to a 13G filed with the SEC, as of October 31 st Royce & Associates, a fund managed by Chuck Royce which tends to invest in smaller-cap value stocks (see stocks that Royce & Associates owned at the end of June), owned 3.1 million shares of Scholastic Corp (NASDAQ: SCHL ). This gives the fund ownership of just over 10% of the outstanding shares, and represents an increase from the end of June when Royce & Associates reported a position of 2.6 million shares in its 13F filing. Scholastic is a $1.1 billion market cap publishing and media company focused on providing educational content for children. In the first quarter of Scholastic Corp's fiscal year (the quarter ending in August), the company reported an 8% decline in revenue compared to the same period in the last fiscal year. Expenses were down but Scholastic still ended up with a somewhat larger net loss than a year earlier- losses per share were $1.02 versus 87 cents.