deride but even still happening across the world looking at in to increase that was a revolutionary sometimes it would put them in their mouth as a movable fortune they had nowhere else to put it did have to rely on a broker or a middleman for a kid just by product to travel from india or china to take out the mobile phone to make a payment without the middle man with a broker with the overseas with the mobile phone that will be a payment of vice going forward there is a lot of technologies here in america to capitalize.

>> you also have served richard branson what is his connection? >> again just a letter from a friend who had invested in the company and i was blessed. this is like the message in the bottle and hopefully they respond. >> people in general have been impressed of the odyssey nobody has done that from your generation then report back to west with what you have seen there is so much to be learned on behalf of the book people and texas is in general thank you for coming down i hope you'll get "coined."

>> doug has been a great friend and a mentor as we remember the people who shape history and also those of help us to remember history i know you write about the national parks. >> thank you so much. [applause] [inaudible conversations]

>> to you or rolls out how

long? >> s3 or four weeks period. >> with the double day company and it was designed with distribution that is what it has been doing all these years. to increase the customer base with a large customer

base that we service every year. >> how many books you guess you have published every year? >> 120 million per year to. >> how many different books? >> tens of thousands. >> what has happened since you have been in the business that has changed? >> it has gotten shorter the publishers are very conscious of the inventory it is very costly for them to maintain there the press to improve the ability to do the short run to be cost-effective so basically we can do short runs that makes it more profitable. >> how big is it in this country? >> random house which is of

publisher day have a we belong to. >> the book business itself how has it changed? and basically the quick turns with the change of materials in a the competition with digital printing. >> how has that affected your business? >> it is just another part. we except as henry's service the customer in a different way. we're very fortunate that it doesn't decrease our need.

>> so goes through that process. >> then they decided what they want to print on to put into the printing press in such a manner that the plates are put on to the press and then speesix from there. and with that process goes through the assembly line. >> just that one shift with people. >> how big of a business

across the country? is there a lot of competition with the acquisition is a and mergers but there is still a lot of competition out there. there is less work that we are fortunate it will increase year after year. >> how has it changed? >> it has changed on the front and that free press area has changed quite a bit then to impose to make it into a product so that is the biggest change on the front and side. >> host: is somebody sees a $30 book the cover from the bookstore is their way to estimate how much it cost

to produce that? to make a few dollars less than that. [laughter] but it is known that publishers, about half of that $30 goes to the publisher the rest goes to the bookstore that is 15 out of 30? >> it could be within the range i am not sure. obviously with that manufacturing costs we have other cost that is the expense of the equipment so with labor in that type of thing. >> would of the biggest books the last few years? e-greeted john grisham, danielle steel,

harry potter, "50 shades of grey" best-seller and today we have a maze runners series. >> what is exciting? limit every day to put the hands into machinery. they have done something to produce a physical thing. >> just south of madison. >> how did you get into this business? >> customer job that lasted 36 years. i started did wisconsin. i was a whole from the floor >> then what?

>> then i worked my way tuesday apprenticeships with the eric journeyman's card to have an opportunity that came my way in people helped me along. >> how did you get to virginia? to make a transfer of three to kansas. , i was out of work and they're looking to hire in i needed a job. but in 1991 and it goes back to the schedules to put part and effort into it. handed it is dictated by a the customers but they are

very willing to do it. in with the rewards of that. >> looking at your printing press today is there more or less people on the floor? >> last. i would say about 25% depending on the process. it could be as high as 50% in some departments but obviously to approve that process it is always looked at so we make sure we have the right to crew. >> how does someone trained

to be in this? >> it isn't the technical school so it is the basics it is a good validation to build on so the requirements for customer service and those are on the job being passed on one to another. >> we read about the book business to be in trouble with e-books. what about the books you are producing? train wreck we have seen this when people first came out they we're doing triple digit growth. and basically we have a plateau in we had not seen a

decline at all with 100 million books per year and for the most part you could say they are not seeing any major dip. >> how far out a dozen publishers say i have the book i want you to print? >> we could have the advanced notice but others said that it isn't a huge amount of time maybe six or eight weeks and we would be prepared to produce it in large quantity. . .