MH Magazine lite is one of the most popular WordPress magazine theme.  You can use it to create magazines, newspapers, professional blogs, dynamic news websites, and other editorial websites. Mg Magazine lite’s responsive design allows you to show tons of articles on your frontpage.  Thanks to several ad areas, you can also easily monetize your website.

If you want more options to customise the theme, you can upgrade to the premium version.  But the free version provides most of what you need to run a successful news/magazine website.