A granular perpendicular magnetic recording medium comprises a non-magnetic substrate and a granular perpendicular magnetic recording layer overlying the substrate, comprising a first granular perpendicular magnetic layer proximal the substrate and having a first saturation magnetization (M.sub.s).sub.1, and a second granular perpendicular magnetic layer distal the substrate and having a second, different saturation magnetization (M.sub.s).sub.2. Also disclosed is a method of fabricating the granular perpendicular magnetic recording medium.

 
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