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Simple answer

Let's imagine that the American readers of UK magazines are an insignificant proportion of its sales ( and vice versa). Let's also imagine that the proportion of the population that is interested in audiophile pursuits is similar for each nation ( <1% of the population). Let us also assume that an American audio magazine and a British one cost similar sums to produce.

Stereophile has a population of 319,000,000 to draw upon to either break even or make a profit. A UK magazine has 63,000,000. So to be in the same financial situation a British magazine either has to cost more than an American one or sell more copies. The latter is constrained by population size so the result is...

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