👉 Penny studies, also known as penny dreadfuls or cheap magazines, typically inhabit a low-budget, often pulp-like environment. They are usually published in small, inexpensive editions and found in urban settings, particularly in areas with high crime rates or a vibrant but struggling culture. These publications often feature sensational stories, crime novels, and serialized fiction aimed at a broad, working-class audience. They are commonly found in street corners, bookshops, and on street corners, reflecting the gritty and often dark atmosphere of the societies they depict.