Crossword Genius

Child's book on the Titanic supplied for magazine's subscribers (10)

Ross

I believe the answer is:

readership

I'm a little stuck... Click here to teach me more about this clue!

'child's book' is the definition.
Although both the answer and definition are singular nouns, I can't see how they can define each other.

'the titanic supplied for magazine's subscribers' is the wordplay.
I cannot quite understand how this works, but
'subscribers' could be 'readers' ('reader' can be a synonym of 'subscriber') and 'readers' is present in the answer.
The remaining letters 'hip' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

'on' acts as a link.

Can you help me to learn more?

(Other definitions for readership that I've seen before include "The following author has" , "academic position" , "Maybe all those enjoying Plath" , "a position at university -" , "All who see papers" .)

I've seen this clue in The Irish Times.
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