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The Publishing Industry Market Review 2006
Key Note Publications Ltd, May 2006, Pages: 178
This Market Review examines the UK publishing industry. It is estimated that the total market was worth £18.63bn in 2005, having increased by 7.6% across the review period (2001 to 2005). Newspaper publishing accounts for the largest share of the market's total value, followed by magazine publishing, then book publishing.
Each of these three markets is dominated by around a dozen companies and very few companies are active in more than one market. Only one company, Pearson PLC, is involved in all three markets in a significant way. News Corporation, which publishes newspapers and which owns the book publisher Harper Collins, entered the magazine market early in 2006 with two titles and a third planned. However, a number of newspaper publishers are also active in the magazine market. Few book publishers are involved in magazines. One notable exception is BBC Worldwide, which has become a success in both book and magazine publishing.
The UK publishing industry is still primarily UK owned. However, in the magazine market, there are several foreign-owned companies, including the following: The Conde Nast Publications Ltd, Hachette Filipacchi (UK) Ltd, IPC Media Ltd, The National Magazine Company Ltd, The Readers Digest Association Ltd and VNU Business Publications Ltd.
In the newspaper market, the regional newspaper groups Newsquest Media Group Ltd and Independent News and Media Ltd are owned by US and Republic of Ireland companies, respectively.
In book publishing, Harper Collins Publishers Ltd, Hodder Headline Ltd, Macmillan Publishers Ltd, Nelson Thornes Ltd, Octopus Books, The Orion Publishing Group Ltd and The Random House Group Ltd are all foreign owned. Reed Elsevier Group PLC is a joint UK/Netherlands company.
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