Red Carpet Magazine - Free WordPress Theme | Demo: http://deluxethemes.com/redcarpet/
Inspired by People magazine, we created an entertainment magazine theme that handles everything. You can post news, photos, or even videos. Now you can have your own entertainment portal/magazine powered by WordPress in just a few minutes.
The theme supports tens of video sites, thumbnails generated on-the-fly, feedburner built-in, gravatars, custom photo and video templates, article sharing, and 4 widgetized sidebars. The theme has many professionally positioned advertisement spots.