Exhibit 99.1

Cambium Learning Group, Inc. Announces 2010 Year End Earnings

Dallas, March 3, 2011-Cambium Learning Group, Inc. [Nasdaq: ABCD, the “Company”], a leading provider of research-based education solutions for students in Pre-K through 12th grade, including intervention curricula, educational technologies and services, today announced financial results for the year ended December 31, 2010. The Company will hold a conference call today, at 5:00 p.m. Eastern Time.

2010 Financial Summary

•

Adjusted net revenues of $194 million for the year ended December 31, 2010 were down 3% versus $201 million in 2009. Adjusted net revenues by business unit and change from prior year were as follows:

	•		Voyager: $122.7 million, down 6%
	•		Cambium Learning Technologies: $46.8 million, up 4%
	•		Sopris: $24.7 million, down 2%

	•		Fourth quarter adjusted net revenues were strong, increasing 13% in 2010 compared to 2009, which narrowed the decline experienced by the Company in the first three quarters. The growth in the fourth quarter was fueled in part by a few large ARRA stimulus funded transactions.
	•		Year-to-date adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $55 million versus $51 million in 2009, an increase of 8%.
	•		The Company achieved merger related synergy savings and variable cost savings relative to the prior year that led to increased earnings even though revenue declined.

Ron Klausner, Chief Executive Officer, noted, “While 2010 was a tumultuous year for state and local funding for education, I was pleased with our overall performance, ability to complete the integration, achieve adjusted EBITDA growth and make investments for future growth.”

Business Summary

•

The Company completed the integration resulting from the merger of Voyager Learning Company in December 2009. Integration was completed on budget with onetime costs of $7 million and the planned $10 million cost synergies were realized.

•

The Company increased spending by approximately $4 million in the Sopris and Cambium Learning Technologies business units, making an investment in planned growth for these units.

•

The Company invested over $20 million in product development in 2010, including substantial upgrades to VPORT®, its student data management system, the launch of the DIBELS® Next early reading assessment tool and the development of the new REFLEX product for teaching math fluency.

•

In February 2011, the Company closed on a bond offering for $175 million with a maturity of 2017 carrying an interest rate of 9.75%. The majority of the proceeds were used to pay off the existing debt and pay related fees, with the remaining net proceeds to be used for general corporate purposes. The bond offering and related asset backed revolving loan aligns the Company’s capital structure with the long term business objectives.

Non-GAAP Financial Measures

EBITDA, adjusted EBITDA and adjusted net revenues are not prepared in accordance with GAAP and may be different from non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. The Company believes that adjusted EBITDA and adjusted net revenues provide useful information to investors because they reflect the underlying performance of the ongoing operations of the Company, including the late 2009 acquisition of Voyager Learning Company, and provide investors with a view of the combined Company’s operations from management’s perspective. Adjusted EBITDA and adjusted net revenues exclude items that do not reflect the underlying performance of the combined Company by removing significant one-time or certain non-cash items. The Company uses these measures to monitor and evaluate the operating performance of the Company and as the basis to set and measure progress towards performance targets, which directly affect compensation for employees and executives. The Company generally uses these non-GAAP measures as measures of operating performance and not as measures of the Company’s liquidity.

Investor Conference Call

The Company will provide additional commentary and more detailed results on today’s conference call. To listen to the Company’s conference call, please dial (800) 860-2442 and reference “Cambium Learning” at 5:00 p.m. Eastern Time on Thursday, March 3, 2011. The call will be recorded and archived until Thursday, April 7, 2011, and can be replayed by calling (877) 344-7529 and entering ID# 448276. The conference call will also be Webcast and available on the Company’s Website at www.cambiumlearninggroup.com.

About Cambium Learning Group, Inc.

Cambium Learning Group, Inc. (NASDAQ:ABCD) is based in Dallas, Texas, and operates three business units: Voyager, a comprehensive intervention business; Sopris, a supplemental solutions business; and Cambium Learning Technologies, which includes ExploreLearning, IntelliTools, Kurzweil and Learning A-Z. Through its core divisions, Cambium Learning Group, Inc. provides research-based education solutions for students in Pre-K through 12th grade, including intervention curricula, educational technologies and services primarily focused on serving the needs of the nation’s most challenged learners and enabling students to realize their full potential. The company’s website is www.cambiumlearninggroup.com.

Media and Investor Contact:
Shannan Overbeck
Cambium Learning Group, Inc.
214.932.9476
shannan.overbeck@cambiumlearning.com

Forward Looking Statements

Some of the statements contained herein constitute forward-looking statements. These statements relate to future events, including the future financial performance of Cambium Learning Group, Inc., and involve known and unknown risks, uncertainties and other factors that may cause the markets, actual results, levels of activity, performance or achievements of Cambium Learning Group, Inc. to be materially different from any actual future results, levels of activity, performance or achievements. These risks and other factors you should consider include, but are not limited to, the ability to successfully attract and retain a broad customer base for current and future products, changes in customer demands or industry standards, success of ongoing product development, maintaining acceptable margins, the ability to control costs, K-12 enrollment and demographic trends, the level of educational and education technology funding, the impact of federal, state and local regulatory requirements on the business of the company, the loss of key personnel, the impact of competition, the uncertainty of general economic conditions and financial market performance, and those other risks and uncertainties listed under the heading “RISK FACTORS” in Cambium Learning Group, Inc.’s Form 10-K. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” “projects,” “intends,” “prospects,” or “priorities,” or the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially. Cambium Learning Group, Inc. does not assume or undertake any obligation to update the information contained in this press release, and expressly disclaims any obligation to do so, whether as a result of new information, future events or otherwise.

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Cambium Learning Group, Inc. and Subsidiaries
Consolidated Statements of Operations
(In thousands, except per share data)

		For the Years Ended December 31,
		2010				2009				2008
		(Unaudited)
Net revenues:
Product revenues		$	160,778			$	90,385			$	89,207
Service revenues			20,482				10,663				10,524
Total net revenues			181,260				101,048				99,731
Cost of revenues:
Cost of product revenues			41,583				19,591				20,246
Cost of service revenues			18,308				7,257				7,463
Amortization expense			28,511				17,527				15,966
Total cost of revenues			88,402				44,375				43,675
Research and development expense			10,558				5,611				6,416
Sales and marketing expense			45,987				23,368				24,600
General and administrative expense			23,857				30,519				16,156
Shipping and handling costs			3,570				1,512				2,348
Depreciation and amortization expense			9,154				9,723				11,453
Goodwill impairment			—				9,105				75,966
Embezzlement and related expense (recoveries)			(353	)			129				7,254
Total costs and expenses			181,175				124,342				187,868
Income (loss) before interest, other income (expense) and income taxes			85				(23,294	)			(88,137	)
Net interest income (expense):
Interest income			19				10				86
Interest expense			(17,311	)			(19,487	)			(18,520	)
Net interest income (expense)			(17,292	)			(19,477	)			(18,434	)
Gain from settlement with previous stockholders			—				—				30,202
Loss on extinguishment of debt			—				—				(5,632	)
Other income (expense), net			674				(698	)			(981	)
Loss before income taxes			(16,533	)			(43,469	)			(82,982	)
Income tax benefit			583				7,704				13,422
Net loss		$	(15,950	)		$	(35,765	)		$	(69,560	)
Net loss per common share:
Basic net loss per common share		$	(0.36	)		$	(1.63	)		$	(3.39	)
Diluted net loss per common share		$	(0.36	)		$	(1.63	)		$	(3.39	)
Average number of common shares and equivalents outstanding:
Basic			44,322				21,994				20,493
Diluted			44,322				21,994				20,493

Cambium Learning Group, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except per share data)

		As of December 31,
		2010				2009
		(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents		$	11,831			$	13,345
Accounts receivable, net			31,627				19,127
Inventory			22,015				19,812
Deferred tax assets			3,703				6,267
Restricted assets, current			3,064				9,755
Other current assets			3,937				6,010
Total current assets			76,177				74,316
Property, equipment and software at cost			32,944				24,951
Accumulated depreciation and amortization			(7,838	)			(4,294	)
Net property, equipment and software			25,106				20,657
Goodwill			151,915				151,915
Acquired curriculum and technology intangibles, net			33,063				44,695
Acquired publishing rights, net			38,707				52,312
Other intangible assets, net			22,132				28,133
Pre-publication costs, net			7,834				5,464
Restricted assets, less current portion			12,641				14,930
Other assets			15,487				1,419
Total assets		$	383,062			$	393,841
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable — line of credit		$	—			$	5,000
Current portion of long-term debt			1,280				1,280
Current portion of capital lease obligations			378				443
Accounts payable			6,465				2,308
Contingent value rights, current			1,623				3,950
Accrued expenses			22,888				23,920
Deferred revenue, current			34,140				21,465
Total current liabilities			66,774				58,366
Long-term liabilities:
Long-term debt, less current portion			150,850				150,487
Capital lease obligations, less current portion			12,317				12,695
Deferred revenue, less current portion			3,416				2,716
Contingent value rights, less current portion			5,746				5,649
Other liabilities			19,947				24,156
Total long-term liabilities			192,276				195,703
Stockholders’ equity:
Preferred stock ($.001 par value, 15,000 shares authorized, zero shares issued and outstanding at December 31, 2010 and 2009)			—				—
Common stock ($.001 par value, 150,000 shares authorized, 43,869 and 43,859 shares issued and outstanding at December 31, 2010 and 2009)			44				44
Capital surplus			259,887				258,789
Accumulated deficit			(135,218	)			(119,268	)
Other comprehensive income (loss):
Pension and postretirement plans			(702	)			206
Net unrealized gain on securities			1				1
Accumulated other comprehensive income (loss)			(701	)			207
Total stockholders’ equity			124,012				139,772
Total liabilities and stockholders’ equity		$	383,062			$	393,841

Reconciliation Between Net Revenues to Adjusted Net Revenues and Between Net Income (Loss) and Adjusted EBITDA for the Three Months Ended December 31, 2010

						VLCY
						Pre-Merger
						Results				Pro Forma				Pro Forma				Cambium
		Cambium				(69 days)				Adjustments				Combined				Learning Group
		Q4 2009																Q4 2010
		(In thousands)
		(Unaudited)
Total net revenues		$	23,306			$	19,144			$	566			$	43,016			$	48,530
Non-recurring and non-operational costs included in net revenues but excluded from adjusted net revenues:
Adjustments related to purchase accounting			1,392				—				(566	)			826				825
Adjusted net revenues		$	24,698			$	19,144			$	—			$	43,842			$	49,355
Net income (loss)		$	(19,455	)		$	(1,945	)		$	14,248			$	(7,152	)		$	1,721
Reconciling items between net income (loss) and EBITDA:
Depreciation and amortization			7,640				3,696				(1,443	)			9,893				9,560
Net interest expense			4,943				17				18				4,978				3,832
Other (income) expense			339				(2,325	)			—				(1,986	)			(498	)
Income tax			(2,661	)			(109	)			2,770				—				(694	)
Income (loss) from operations before interest and other income (expense), income taxes, and depreciation and amortization (EBITDA)			(9,194	)			(666	)			15,593				5,733			$	13,921
Non-recurring and non-operational costs included in EBITDA but excluded from Adjusted EBITDA:
Transaction costs			11,704				3,791				(15,495	)			—				—
Integration and merger-related costs			1,531				50				92				1,673				457
Legacy VLCY corporate			57				105				—				162				133
Stock-based compensation expense			37				(41	)			111				107				307
Embezzlement and related expenses (recoveries)			324				—				—				324				(404	)
Adjustments related to purchase accounting			1,136				—				(301	)			835				730
Adjustments to CVR liability			—				—				—				—				(1,224	)
Adjusted EBITDA		$	5,595			$	3,239			$	—				8,834$			$	13,920

Reconciliation Between Net Revenues to Adjusted Net Revenues and Between Net Loss and Adjusted EBITDA for the Years Ended December 31, 2009 and 2010

						VLCY
						Pre-Merger
						Results				Pro Forma				Pro Forma				Cambium
		Cambium				(342 days)				Adjustments				Combined				Learning Group
		2009																2010
		(In thousands)
		(Unaudited)
Total net revenues		$	101,048			$	98,728			$	(11,565	)		$	188,211			$	181,260
Non-recurring and non-operational costs included in net revenues but excluded from adjusted net revenues:
Adjustments related to purchase accounting			1,392				—				11,565				12,957				12,937
Adjusted net revenues		$	102,440			$	98,728			$	—			$	201,168			$	194,197
Net loss		$	(35,765	)		$	(34,375	)		$	8,870			$	(61,270	)		$	(15,950	)
Reconciling items between net loss and EBITDA:
Depreciation and amortization			27,250				18,301				(5,772	)			39,779				37,665
Net interest expense			19,477				558				71				20,106				17,292
Other (income) expense			698				(3,279	)			—				(2,581	)			(674	)
Income tax			(7,704	)			(190	)			7,894				—				(583	)
Income (loss) from operations before interest and other income (expense), income taxes, and depreciation and amortization (EBITDA)			3,956				(18,985	)			11,063				(3,966	)			37,750
Non-recurring and non-operational costs included in EBITDA but excluded from Adjusted EBITDA:
Transaction costs			13,570				9,937				(23,507	)			—				—
Integration and merger-related costs			2,133				120				1,864				4,117				5,963
Legacy VLCY corporate			57				2,247				—				2,304				968
Stock-based compensation expense			37				179				552				768				1,085
Embezzlement and related expenses (recoveries)			129				—				—				129				(353	)
Adjustments related to purchase accounting			1,136				—				10,028				11,164				10,748
Goodwill impairment			9,105				27,175				—				36,280				—
Adjustments to CVR liability			—				—				—				—				(1,124	)
Adjusted EBITDA		$	30,123			$	20,673			$	—			$	50,796			$	55,037