EDITOR'S notebook

Translating the corporate speak, what that really means is head count reductions, plant closures where necessary and razor-thin margins for suppliers doing business with the new behemoth.

I'm not saying the merger was a bad business move, mind you. Given the need to replace retiring Donnelley CEO Bill Davis, Moore Wallace's Mark Angelson can take over without missing a beat. Shareholders for both organizations should win out, as well, and both companies largely compete in different arenas.