Penguin-Random House merger set

NEW YORK – Two of the world’s largest publishers, Random House Inc. and Penguin Group, expect to complete a planned merger next month.

Parent companies Bertelsmann and Pearson announced Monday that the merger had 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.