  Dazed is definitely one of the best magazines available in terms of cutting edge coverage of shit as it happens; from music, to fashion to political movements. They aim to showcase grassroots talent but you'll also find features on well-known luminaries in any field. The writing is brilliant and the images are beautiful. Rankin and Jefferson Hack allegedly started the magazine as a means of getting in on London's top party circuit and it seems they succeeded. Rankin is now a famous photographer in his own right and Hack is the father of Kate Moss' baby. The Dazed group also publishes limited edition specialist books as well as a car mag called Intersection and a glossy quarterly simply named Another Magazine . 
