Traverse City Record-Eagle


4bz Books-Penguin Random House

An outside view of the German media giant Bertelsmann's building in Guetersloh, Germany. Parent companies Bertelsmann and Pearson announced Monday that the merger between Random House Inc. and Penguin Group has been cleared by anti-trust authorities in China, among the last countries to give approval. The new publishing house, Penguin Random House, will be 53 percent controlled by Bertelsmann and 47 percent by Pearson.