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signed a licensing agreement with Shutterfly to create and distribute a line of photo books.

New York-based Scholastic said that Shutterfly incorporated licensed characters into its product line for the first time. The new Clifford-themed photo books enable customers to create personalized books by adding their pictures into thematic backgrounds featuring Clifford The Big Red Dog.

The company's shares were trading at $30.79, up 6 cents Wednesday.

This story was created through a joint venture between and IRIS.