Scholastic, the global children's publishing, education and media company, agreed to acquire 9 Story Media Group, an independent creator, producer and distributor of premium children's content, for $186m. "This highly strategic combination, adding 9 Story's industry-leading capabilities with Scholastic's trusted brand and proven ability to create iconic children's series and franchises, has tremendous potential to build deeper connections with young people through our stories, as the pages of our books come to life on screens and through merchandising. At its core, Scholastic's 360° content creation strategy is about engaging children with reading, and we have introduced our stories to generations of kids by reaching them where they are," Peter Warwick, Scholastic President and CEO.