This led to a complete reorganization of the company's American markets, advertising, sales and distribution division.
The venture, which does not include the companies' music publishing or distribution divisions, is expected to generate more than $6 billion in revenue, according to some estimates.
The chief executive of the distribution division is John Beveridge.
At the end of the 1950s, he solved the problem of distribution division by analytic functions.
Without those benefits the profits would have been lower than last year, although the core transport and distribution divisions did much better.
He has been a dominant force in the marketing and distribution divisions, which he will continue to run in his new post.
Responsibility for getting the newspaper from the press to the reader falls to the distribution division.
"It was either build our own distribution division or sell ourselves to someone who had one," Ms. Day said.
And around the same time the Independent Film Channel called and asked me to start a distribution division.
That division cited increased sales in its drilling and distribution divisions in reporting a doubling of quarterly income, to $1.8 million.