level, publishers had to react to their ever-changing audience: from working women in the twenties and thirties to teenagers with money to burn in the fifties and sixties. The framing of these two important historical factors as competitive challenges enable the authors to complicate the relation between publishers, their magazines and the public. Publishers did not only have to deal with these developments on a individual basis, but also had to take the way in which their competitors handled them into account.
The focus on publishing houses as companies, geared to making profit and raising capital, leads the authors to a description of the nineteenth century as the prehistory of British magazine publishing. The industry only matured in the 1890s when it became ‘modern and capital-intensive’ and ‘dominated by increasingly vertically integrated, publicly listed corporations paying substantial dividends to their shareholders.’ This significant development necessitated scaling-up - corporate acquisition on a large scale - and resulted in the dominance of the Fleet Street press lords and their capital until the 1960s. This second narrative in the book, the cyclical history of organisational forms, results in the virtual monopoly reached by International Publishing Cooperation (IPC) in the Sixties.
An especially interesting part of the book deals with a major innovation in the use of advertising as a source of revenue. The authors show how Condé Nast, the famous publisher of Vogue, succeeded in making target advertising the main source of revenue for his magazines. Two important arguments of the book, the drive for profit and the importance of female readers, eloquently blend together here.
The focus on publishing houses as capitalist companies is both interesting and refreshing. However, this strong narrative is at the same time a weakness in a book covering more than three centuries. The theoretical framework is best suited for monopolistic companies like IPC. Therefore, it is not surprising that everything before seems to be leading up to the forming of ‘the ministry of magazines’ while everything after is presented as a deviation from the norm. In sum: thinking of Charles Knight as a sort of proto-Don Draper managerial type is great fun, but it probably does not do him much justice.
To conclude, Revolutions from Grub Street is an interesting book for historians working in different fields. It is a fairly traditional economic history of an English industry that also provides valuable insights for many cultural historians working with magazines in the nineteenth and twentieth century. It points to an important motivation for publishers that is often forgotten: the drive for profit. Cultural historians should take notice how this important motive shaped both the content and the audience of magazines.
•> thomas smits is a PhD candidate in Cultural Studies at Radboud University.