Two of Hollywood's top talent agencies, the William Morris Agency and Endeavor are expected to announce today (Monday) that they are merging into a new company called WME Entertainment, published reports said over the weekend. In reporting on the long-anticipated merger, the Los Angeles Times , which described it as "the most talked about hook-up in town since Angelina and Brad," commented editorially that it is expected to put the two companies into a better position "to survive the shrinking economy of the entertainment industry, in which fewer films and scripted television shows are being made and studios are squeezing the salaries paid to talent. Reliant on commissions and fees for income, Hollywood's talent agencies are competing for scarcer top clients in a contracting market."