1. Conglomerate

    Penguin and Random House Complete Merger

    Image #: 19882009    epa03447768 Penguin and Random House books sit on  a shelf at a bookshop in London, Britain, 26 October 2012. British publishing group Pearson, which owns Penguin and the Financial Times, confirmed 26 October that it is in merger talks with Random House, which belongs to Germany's Bertelsmann, Europe's biggest media concern. If the talks are successful they would create the world's biggest book publisher, according to reports.  EPA/ANDY RAIN /LANDOV

    Andy Rain / EPA / Landov

    Unfortunately, it won’t be called Random Penguin. The publishing companies Random House and Penguin have completed their merger, becoming the largest book publisher in the world. The new company, called Penguin Random House, will control more than 25 percent of the trade book market in the U.S., giving it a stronger position in negotiating with Amazon. The company says there are no immediate layoffs planned, though it also says it will try to reduce redundancies in printing, distribution, and storage.

    Read it at The New York Times