Major Companies There are a lot of different magazine
publishers but the main ones are Bauer, IPC, BBC and National Magazines. These
companies are in constant competition with each other but according to the 2008
sales revenue in newsagents, revenue for these magazines looked like this:
1. Bauer Publishing 25%
2. IPC Media 20%
3. BBC Magazines 7.8%
4. National Magazines 7.3%
1. Bauer Publishing 25%
2. IPC Media 20%
3. BBC Magazines 7.8%
4. National Magazines 7.3%
Size of Industry The magazine industry can be split into four groups;
consumer magazines (general and specialist), business magazines, customer magazines
and newspaper supplements. Consumer magazines are things that the general
public would buy like Empire, NME, OK and Car. Business magazines are published
specifically for people in work. They are magazines like Press Gazette and
Campaign. Customer magazines are published to give customers of some products
and places and are usually free. These can be magazines like Sky TV and
Waitrose Food Illustrated. Newspaper supplements are free magazine that come
with certain newspapers, for example, the weekly TV listings comes with the
Sun. The magazines I’ll be concentrating most on are consumer magazines. At
present, in the UK, there are over 3,200 different consumer magazine titles
overall, 1.4 billion magazines are sold each year, 85% of the population reads
at least one magazine a year, advertisers will spend approximately £745 billion
in magazines each year and consumers spend about £2 billion on magazines
annually. A lot of new magazines are created (on average 500 a year) however,
only 3 out of 10 of these will survive more than four years.
Current Trends Magazines look to give their readers the latest news on the
subject the magazine concentrates on. A magazine will be successful if they are
“with the times”. This means they will look at social and cultural ideas of
today and may even challenge them. Moreover, they would introduce different
ideas to their readers, even if some of them could disagree. Magazines will
also look to different types of technology, for example, websites. A lot of
magazines will have a website now in comparison to twenty years ago because of
technology development. Magazines are also started to make their magazines a
lot less text based and more image based.
Impact of Technology Technology has had a huge impact on the magazine industry;
now a magazine can have a radio station, a website, a TV channel and Podcasts. A
magazine having any of these things can also be a sign of how successful they
have been with their magazines. They are able to expand the things they print
to other forms of media. Also, you can purchase magazines to read on a tablet
or an E-Book reader, so a person doesn’t have to go out and buy the magazine;
the industry has been completely paper based until now.