penguin random? john: penguin random house is performing exceptionally well. we own 47%.nt venture partner and we have an established shareholder agreement. francine: and they are interested? john: we are at a point where as i said we have plenty of capital to deploy at the moment. penguin random house is performing well. we're in the process of combining the two operations in areas like warehousing, distribution, finance, and technology systems. we are probably a year away from achieving the peak synergies. so while it is something that we look at, which i wouldn't rule out in the future, i don't think you should think it is an immediate priority. francine: probably not 2015 or 2016. john: probably not 2016. no. as i say i think we are happy with the performance of the business. it is doing well. the decision we would make would be based on a view of what we saw the earnings and growth would be. against realizing the capital and growing our education business. it will be a view of what is best likely to deliver the highest returns to our shareholders and grow the busines

penguin random house, big supporters.ra willey. thank you for making this possible. [applause] >> thank you also for our afterparty committee. everybody here is invited in the afterparty, it's up in the boll -- balcony behind me. thank you. [cheers and applause] >> thank you. thank you to our extraordinary dinners who have transform third-degree dinner, debra, shelley, thank you. [applause] >> thank you to fellow board members who worked so hard and care about the foundation and its mission. i have one more thank you. i have a big thank you here. a big one. he has made a huge difference in the world. since he arrived bookup, you saw the video 535 awards, national book awards on campus, these are programs that. >> launched, moving to this venue, people remember the old venue, adding the long list, adding the afterparty, announcing the finalists on national television and national radio, it's happening tonight. countless ways in which harold has made a difference. as we owe him a great deal and we spent time to figure out w

thank you, barnes & noble, penguin random house.porters, choral graphics, lyndon meyer book publishing papers, amazon, the barth foundation, google, harpercollins, lavender, debra wiley, and the other charitable trusts. think often make this possible. [applause]. think it to the after party committee. everyone is invited to the after party committee it is in the balcony behind me. can shannon, rachel, paul morris, debra, and jim martin, thank you. thank you to our extraordinary dinner cochairs who have transformed this dinner, thank you morgan, debra, and shelley. thank you. thank you to my fellow board members who work so hard and care about the foundation and its mission. i have one more thank you, i have a big thank you here. so our executive director harold announced last spring he is going to step down next spring. harold has been doing this for more than ten years, he has made a real difference in the world. just a few things that have happened, i jotted down a few of them on the way down here today. since he arrived, book up,

. >> next we've got some cook books, penguin random house fall cook beth set. the retail 97.50 to $105. different number of books in each set so go to today.com to see what goes with what, six best selling authors, a lot of great familiar names, great authors, the deal $29, up to 72%. >> come in sets. don't mix and match and go online to see what's what. >> and you can split the books up for gifts if you have teachers or friends who are into cooking, a great, great cook. >> what's this, a slow cooker? >> yes. slow procooker. the retail $230. so everything from chile and meat sauce to pork and beef depending on how slow you want to cook, two hours, four hours or eight horse, the retail $230 and it's $69, 70% off. >> chilly, press everything into the slow corker and press everything and it's done. >> put that up on today.com. >> comes with the recipe. knife set. a great gift. >> a great gift. seven-piece knife block set and eight-piece steak knife so the retail here is 229. it's a 15-piece set so you either choose wood block or silver block here but that's the ae