78,000 words down...
Media giants Pearson and Bertelsmann have announced the intention to merge their publishing arms -- Penguin and Random House, respectively. The split for Penguin Random House will be 47%-53% in favour of Bartelsmann and should close in the second half of 2013, subject to regulatory approval.
Sadly I think they got the new name backwards: Random Penguin would have been so much better...
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