Oxygen is not only one of my favourite free magazine themes, it’s one of my favourite free responsive themes of any kind. It’s clean, it’s got a cool slider with image captions and it sports a front page layout that is a little different in that it goes left sidebar/content/right sidebar, rather than the standard content/right sidebar. The theme is child theme friendly, meaning that you can easily create a new theme based on the parent (Oxygen) theme. Which is great news for those of you who love to take a theme and modify it to suit your exact requirements.
From the talented folks over at MyThemeShop I give you Great, an unmodestly named theme with a clean and minimal design. Features include: colour scheme picker, responsive, custom related posts widget, ad management.