The oral tradition is still alive and well in the magical realm. Every village and town has twice weekly readings (usually up to ten stories per session). Stories are chosen to reflect the type of resident. Each magical species has its own version of what we consider to be the classic fairy tales. (For example, the trolls have their own version of The Billy Goats Gruff and it ends with a barbecue!).
The Lord Chamberlain organizes twice weekly meetings in the Palace for all Household staff. The Queen attends one of these sessions, believing the staff will welcome the other one without her. She loves reading in bed for preference. Eileen never attended these sessions. After a hard day's monster fighting and once she'd freshened up and eaten, her idea of bliss was to read quietly in her luxurious Palace suite. She definitely didn't want the shared experience.
Fairytales are taken seriously here and are seen as factual reports, almost like news items in the more reputable papers on Earth.
The Fairy News Network has a story reading session broadcast from around the realm once a week. It's a little like Songs of Praise in that whichever location is chosen for this honour, the hall concerned is packed with residents hoping to watch the broadcast and spot themselves on screen later.