Japanese news website Sankei News reported on Sunday that 12 manga magazines have ceased publication in the first half of 2018.
The site reports that the cancellations are due to low circulation numbers and the proliferation of smartphones with new ways to read manga.
The year with the highest number of magazine cancellations since 1995 was 2014, with 14 magazines ceasing publication in the first half of the year and 36 magazines total.
The company revealed that its earnings in this sector were only a 10th of its earnings during the industry’s peak.