Provided are a magnetic recording and/or reading apparatus and a method of manufacturing a power transmitting gear. The magnetic recording and/or reading apparatus includes a power transmitting gear. The power transmitting gear has one end coupled to a loading motor and the other end coupled to a plurality of link gears to transmit power from a loading motor to drive components during loading and unloading of a magnetic tape. The power transmitting gear includes a first gear engaged with a motor gear coupled to a shaft of the loading motor. The power transmitting gear also includes a second gear engaged with one of the plurality of link gears and a shaft member coupling the first and second gears. A space is formed inside the shaft member to prevent the shaft member from deforming during manufacture of the shaft member.