I have every confidence that they will raise the money they need.

This is a terrific acquisition for Penguin. The two businesses complement each other extremely well in terms of both authors and people, and will create great opportunities for the future. It is a marvelous way to start at Penguin.

I believe that we can bring a dynamically developing industry to an absolutely new level in coming months and years.

Part of this is the fact that the movies may not have lived up to the expectations of the audience, not just in this year, but in years prior.