For the first quarter of fiscal 2005 ending Aug. 31, Scholastic, Inc. (New York) had revenues of $323.7 million, a decrease of 31.9% from the $475.4 million reported in the same period last year.

For the first quarter of fiscal 2005 ending Aug. 31, Scholastic, Inc. (New York) had revenues of $323.7 million, a decrease of 31.9% from the $475.4 million reported in the same period last year. Net loss for the quarter was $50.3 million compared to a net loss of $24.8 million last year. Scholastic said the first quarter is its smallest revenue period and that last year's loss was unusually low due to the benefit of approximately $170 million in revenues related to the release of the latest "Harry Potter" book. Hence, revenue for the Children's Book Publishing division went from $287.9 million in the quarter last year to $121.8 million this year. Revenue for the Educational publishing unit increased 11.7% to $118.2 million while revenue for the International division increased 10% to $71.8 million. Revenue for the company's fourth division, Media, Licensing & Advertising, fell 27.4% to $11.9 million.