Section: Writing and Language

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What is the best way to shorten the following sentence in Paragraph 1?

Whilst the term "penny dreadful" was originally used in reference to a specific type of literature circulating in mid-Victorian Britain, it latterly encompassed a variety of publications that featured cheap sensational fiction, such as story papers and booklet "libraries".

NO CHANGE
While the term "penny dreadful" was originally used in reference to a specific type of literature circulating in mid-Victorian Britain, it latterly encompassed a variety of publications that featured cheap sensational fiction. Examples included story papers and "booklet libraries."
The term "penny dreadful" was originally used to describe specific types of literature from mid-Victorian Britain. It encompassed cheap sensational fiction like story papers and "booklet libraries."
While the term "penny dreadful" was originally used in reference to a specific type of literature circulating in mid-Victorian Britain. It latterly encompassed a variety of publications that featured cheap sensational fiction. Examples included story papers and "booklet libraries."

Explanation

Answer 3 is the best choice because it's the shortest without losing details.