The magazine publishing industry is suffering an intense competition environment in
which firms try to defend their market shares. The context in which these companies operate rely
on internationalization, concentration and specializations as the main driving trends. Strategic
choices available include acquiring new titles from competitors, launching new original titles,
and licensing foreign formats and brands to adapt external concepts to their geographical market.
This piece of research shows a basic overview of the main facts and figures of the Spanish
magazine industry in terms of circulation, advertising expenditure and the most significant
groups, titles and market segments. In the context of the sector, the behavior of the publishing
groups is analyzed in order to clarify which strategies are implemented depending on the size
and ownership of the firms. This paper shows how medium-sized nationally-owned companies
launch more original titles, while large international publishing groups depend more deeply on
licensing and acquisitions as a way to defend and increase their market share. In addition, data
shows how some market segments are still very active while others have reached a mature life
cycle. The publication on a monthly basis is becoming preeminent among the new titles appeared
in the market. The role of the Internet is discussed as both a threat and an opportunity for the
magazine industry.
Key words: Spanish magazine industry, concentration, internationalization, mergers
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