In other recent news, Scholastic Corporation reported mixed fiscal first quarter results. The company recorded a loss of $2.13 per share, a figure wider than analysts' estimates of a loss of $1.81 per share. On a brighter note, Scholastic's revenue reached $237.2 million, surpassing the consensus forecast of $235.61 million. The company's first quarter, typically its slowest due to school summer breaks, saw an improvement in operating loss compared to the same period last year. Notably, revenue rose 4% year-over-year, a boost attributed to the recent acquisition of 9 Story Media Group, although this was partially offset by lower sales in the Education Solutions segment. The Children's Book Publishing and Distribution segment witnessed a 3% revenue increase, with Book Fairs revenue climbing by 5%.