1. Conglomerate

    Penguin and Random House Complete Merger

    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