By KATE HAYES and MARTIN MCCULLOUGH | FOX NEWS – MARCH 02, 2018 – 11:01:50The number of free magazines sold has dropped to an all-time low.
The magazine subscription market in California has been shrinking since the end of the 2016 calendar year.
The number dropped to 722,856 in February, according to the latest data from the California Department of Business Oversight.
The monthly average since March 2015 is 619,918.
That’s the lowest monthly average of the last 10 years, according the data.
California is a major market for magazines, with nearly 3.5 million subscribers to the state’s most popular subscription brands.
There are about 8.2 million subscribers in the state of Washington.
The largest publishers in California are Fox News, National Geographic, Playboy, The Huffington Post, The Sunday Times and Esquire.
The total number of subscribers has dropped from about 722 million in March 2016 to 721 million in February 2018, according a report released Wednesday by the California Business Oversight Agency.
The agency’s annual report shows that subscribers in California dropped about 2.6 million subscribers from January through February.
The drop was even more dramatic when you look at the decline in the number of people who paid for magazines.
The number of magazine subscribers fell to 619.5 thousand from 621.4 thousand in March.