Why is the British magazine industry still surviving/thriving while American mags go out of business or downsize?

Question

Magazines published in the US are reducing content, publication frequency or both (if not ceasing publication completely.) Shorthand explanation is the impact of the Internet, etc. Meanwhile, magazines published in the UK seem to be completely unaffected publishing on a monthly basis with issues containing hundreds of pages and lots of content. Just look at the newsstand at B\&N; many/most mags are from Britain. Do the British simply read more? Did the Americans just give up?

In: Economics

Answer 1

The British are 20 years and one hour behind Central Europe. I guess something similar is the case when comparing them to the Americans.

Answer 2

British magazines are down to about 25% of the revenue from physical sales they had a decade ago. The amount of them is also down to about 30% from the peak.

So it seems like a case of observational bias, US magazines being bigger are likely a more major news event so you notice them shutting down, vs a magazine from the UK shutting down when nobody reads it anymore.