A transducer magnet for a low profile loudspeaker transducer (200; 800; 1400) having a voice coil (214; 816; 1420), surround suspension member (212; 814; 1416), diaphragm (202; 802; 1414), and top plate (208; 808; 1402), the transducer magnet comprising: a first magnet assembly (204; 1425) including: an annular outer magnet (222, 224; 1438) having an outer perimeter, an outer diameter and an inner diameter, and wherein the inner diameter defines a vacant circular center within the annular outer magnet (222, 224; 1438), a circular inner magnet (220; 1424) having a diameter less than the inner diameter of the annular outer magnet (222, 224; 1438), wherein the circular inner magnet (220; 1424) is positioned concentrically within the vacant circular center of the annular outer magnet (222, 224; 1438), and wherein the difference in length between the diameter of the circular inner magnet (220; 1424) and the inner diameter of annular outer magnet (222, 224; 1438) define an annular first magnet assembly air gap (226; 1439), characterized in that the annular outer magnet (222, 224; 1438) includes one or more channels (228; 1440) extending inwardly from the outer perimeter of the annular outer magnet (222, 224; 1438) to the first magnet assembly air gap (226; 1439), and the first magnet assembly air gap (226; 1439) is configured to receive the voice coil (2124; 816; 1420) and the channels (228; 1440) are configured to pass hookup wires (216; 1422) from the voice coil (2124; 816; 1420) to an external device from the transducer magnet. a first magnet assembly (204; 1425) including: an annular outer magnet (222, 224; 1438) having an outer perimeter, an outer diameter and an inner diameter, and wherein the inner diameter defines a vacant circular center within the annular outer magnet (222, 224; 1438), a circular inner magnet (220; 1424) having a diameter less than the inner diameter of the annular outer magnet (222, 224; 1438), wherein the circular inner magnet (220; 1424) is positioned concentrically within the vacant circular center of the annular outer magnet (222, 224; 1438), and wherein the difference in length between the diameter of the circular inner magnet (220; 1424) and the inner diameter of annular outer magnet (222, 224; 1438) define an annular first magnet assembly air gap (226; 1439), characterized in that the annular outer magnet (222, 224; 1438) includes one or more channels (228; 1440) extending inwardly from the outer perimeter of the annular outer magnet (222, 224; 1438) to the first magnet assembly air gap (226; 1439), and the first magnet assembly air gap (226; 1439) is configured to receive the voice coil (2124; 816; 1420) and the channels (228; 1440) are configured to pass hookup wires (216; 1422) from the voice coil (2124; 816; 1420) to an external device from the transducer magnet. an annular outer magnet (222, 224; 1438) having an outer perimeter, an outer diameter and an inner diameter, and wherein the inner diameter defines a vacant circular center within the annular outer magnet (222, 224; 1438), a circular inner magnet (220; 1424) having a diameter less than the inner diameter of the annular outer magnet (222, 224; 1438), wherein the circular inner magnet (220; 1424) is positioned concentrically within the vacant circular center of the annular outer magnet (222, 224; 1438), and wherein the difference in length between the diameter of the circular inner magnet (220; 1424) and the inner diameter of annular outer magnet (222, 224; 1438) define an annular first magnet assembly air gap (226; 1439), characterized in that the annular outer magnet (222, 224; 1438) includes one or more channels (228; 1440) extending inwardly from the outer perimeter of the annular outer magnet (222, 224; 1438) to the first magnet assembly air gap (226; 1439), and the first magnet assembly air gap (226; 1439) is configured to receive the voice coil (2124; 816; 1420) and the channels (228; 1440) are configured to pass hookup wires (216; 1422) from the voice coil (2124; 816; 1420) to an external device from the transducer magnet.