Satires of "The Penny Magazine" Reflected its Impact upon Society

Various satires of The Penny Magazine were published. As the first publication in history that was read by as many as a million people per week, and sponsored by the SPUK, which was backed by some of the most influential politicians in England, including Henry Brougham, The Penny Magazine became a social phenomenon. Its success also made it highly influential as a business model for magazine publishers, and as a popular education model for other educational groups. 

(The number of readers of The Penny Magazine was estimated as a factor of five times the number of copies sold. In the early days of The Penny Magazine, before Charles Knight was forced to raise the price beyond one penny per issue, circulation reached 200,000 printed copies per week--an unheard of number in the 1830s. Knight believed that roughly five people would view each issue, raising the effective to circulation to about one million.)