(USA Today) -- My Weekly Reader, a fixture in American classrooms for more than 100 years, is shutting down, The New York Post reports.

The Post, in an exclusive report, says Scholastic, which boughtMy Weekly Reader earlier this year, is folding the publication into Scholastic News.

The Post, quoting unidentified sources, say Weekly Reader was struggling with the same challenges facing major newspapers in trying to develop digital editions.

The Post says My Weekly Reader at its peak was read by two-thirds of all children in grammar schools and at one point boasted 13 million subscribers from preschool to 12th grade.

Scholastic bought the publication from Reader's Digest Association in February for between $10 million and $20 million, the Post reports. My Weekly Reader grew out of Current Events magazine in 1902.

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