Overview of the magazine industry
There are lots of magazine publishers hoping to capture the
magazine industry, but the largest consumer is Bauer with 25% share of the
market. Closely followed by IPC media with a 20% share of the market, both of
them producing big brand magazines such as; Marie Claire, Now, Kerrang and Grazia.
By dominating the magazine industry they are now the biggest publishers in the
magazine industry and this allows them to branch out their product and explore
the different genres which allows them to become even bigger media
producers. On the opposite end of the
scale the more unpopular choices are publishers who produce national magazines
such as Herst. These industries fail to become more well-known because they
only stick to one genre of magazine and they may only distribute them to one
particular area which will bring sales down even more.
Today in the UK the magazine industry is forever growing.
There are now over 3,200 different consumer titles, compared to 1980 when there
were only around 1,383 consumer titles, so we can see how the industry is
gaining more and more products to keep their target audiences interested. In
1992 only 1.2 billon magazines were said to be sold each year, which seems like
a lot but compared to 1970 when these figures were almost doubled to 2.1
billion magazines sold a year. Now the statistics have dropped greatly to just
1.4 billion a year, this may be due to all of the technology we have become
accustomed to, causing the consumer to purchase less magazines.
The main focus of the magazine industry is to sell the main
load of their product in newsagents, and to be sold to the general person, the
working people. To help promote their magazine some publishers will have their
magazine included as part of a special offer in a newspaper which may encourage
a wider range of people to buy the magazine. Consumer magazines make up most of
the titles that are sold in newsagents. Most of these are general titles that
are designed to entertain or inform but the remaining ones are mainly consumer
specialists aimed at a particular interest or hobby.