The Week Kick-off: UK magazine industry worth £3.74bn
We kick-off the week with the news that the UK magazine sector is worth a whopping £3.74bn, according to a new report published by the countryâs Professional Publishers Association (PPA) on Friday. Weâve also got the newly appointed MD of Apple Nigeria on African tech, Harperâs Bazaar and Esquire making waves in Saudi Arabia, and Marie Claire US jumping across the pond to the UK, to bring us back full circle⦠welcome to another week in the global media network!
UK magazines remain strong
A new report published by the PPA in partnership with management consultancy firm Vendigital has shown that the UKâs magazine sector contributed £3.74bn in Gross Value Added (GVA) to UK PLC in 2019, taking into consideration both consumer and business media. This represents 35% of UK publishing and accounts for 55,000 jobs. Within this, the industry generates £518.9m of net inflow to UK PLC through exports