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Is a magazines circulation the number they actually print or their estimated readership?

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Is a magazines circulation the number they actually print or their estimated readership?

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Circulation is the estimated number of readers, usually audited by an independent company. The pass-through rate is the estimation of how many people each copy reaches, and is a common practice in the industry. It’s usually considered to be four for magazines, since magazines are brought or delivered to homes and four is the average family size.

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