Newspress is a really elegant and functional new magazine/news style Wordpress theme that was built using the 960 grid system for a great magazine-style look.

This theme has been released completely free even though it is very premium-like, since it is filled with in-demand features like featured posts drop-down menus, social bookmarks and so forth.

Overall if you are looking to crate a sweet magazine or news site that is filled with pictures and with a crowded homepage, this theme may be the perfect solution.