Most of people prefer Premium themes of WordPress as those which have more quality in terms of design, flexibility, in-house SEO, multiple layouts, easy integration with analytics, adsense etc. which is not the case with majority of the Free themes available. There are some Stunning, amazing, cool Premium themes out there which are nicely designed, innovative, SE optimized, flexible and yet being FREE!
Zinmag Tribune
Grungezine
Masagana
Comfy Magazine Style Theme
More Info | Live Demo | Download
Update: Comfy is no more a free theme. That’s really sad.
FREEmium wordpress theme
Mimbo 3.0
Magasin Uno
Magasin Dos
ZinePress WordPress Magazine theme
Remedy WordPress Magazine Theme
ForexPress Mag Theme
Arthemia Free Magazine Theme
Monochrome Gallery
Shiva WordPress theme
Branford Magazine
Zoxengen
Hybrid News
TimeCafe Premium Free v2.0
Epsilon
Androida
The Web News
NewsTheme
Zinmag Primus
SportsPress
Skyye News
Miint
Magazine Basic 2.0
Colorbold: Web 2 Magazine Style Theme For WordPress
A Great Web 2 Style Free Premium and Professional look Magazine Style WordPress Theme.
Free Magazine Style WordPress Theme: Wise Business
Wise Business is a Web 2 Style business WordPress Theme.
Beauty Style: Professional Look WordPress Theme
A Professional look Magazine Style WordPress Theme. 
Live Demo | Download
FX Mag: Cool Wooden WordPress Theme
Magazine Style WordPress Theme with an elegant wooden Background 
Live Demo | Download
Fresh Mortar: Flexible Magazine WordPress Theme
A Professional look Magazine Style WordPress Theme. 
Live Demo | Download
BT Extended: Free Premium Magazine WordPress Theme
Spruced newspaper style for a WP powered site with the brandnew revamped Blogging Times Extended WordPress Theme theme, featuring a four column fluid layout, third and spiced up version of the BT Extended 3.17.3 WordPress Theme. 
Live Demo | Download
Bueno: Fully Widgetized Magazine Style WordPress Theme
WordPress Theme with a Elegant design and clean look and 7 different color schemes to choose from 
Live Demo | Download
Choco Yoshz: Choco Magazine Style WordPress Theme
This is a Chocolate and Red colored Magazine Style WordPress theme 
Live Demo | Download
Gracio Mag: Free Business Theme For WordPress
Amazing Free Magazine Style WordPress Theme, better for business blogs. 
Live Demo | Download
Quadro: 3 Columns Magazine Style WordPress Theme
A 3 Columns, rich in features Business Template for WordPress 
Live Demo | Download
Berita: Amazing Free Magazine WordPress Theme
It is minimalistic looking theme that will suit every company that wants to display its corporate image clearly and professionally. Web designers may use it for their online projects and offer their clients web sites with all premium features they will need. 
Live Demo | Download
Magazine Style WordPress Theme: Celebrity HQ
A Style WordPress Theme, suitable for Entertainment or business Blogs 
Live Demo | Download
Freebies Dock: Green Magazine Style WordPress Theme
A Green WordPress Theme 
Live Demo | Download
Rockwell: Magazine Style Business WordPress Theme
A Magazine Style Business WordPress Theme 
Live Demo | Download
Isotherm: Rich Magazine Style Theme For WordPress
It is magazine styled theme with everything you need to start publishing your own web journal with all the features you will need to attract new visitors. 
Live Demo | Download
Free WordPress Theme: Lap of Luxary
A rich and glitzy 2 columns WordPress Theme. 
Live Demo | Download
Magiting: Web 2, Magazine Style WordPress Theme
Magiting is a featured-packed and multi-colored free WordPress theme with TweetMeme retweet button. It has 2 columns, with an easy Options page for customization. 
Live Demo | Download
Reese Mag: Amazing Premium WordPress Theme
Amazing Premium WordPress Theme For Free
Render Meg: Free Magazine Style WordPress Theme
A SEO optimized Magazine Style WordPress Theme with advanced features and plug ins
Small Megazine: Free WordPress Theme
Magazine Style WordPress Theme with Unique and fresh design
Crisp Rounded Magazine Style WordPress Theme: Urbane
A Crisp Rounded and Magazine Style WordPress Theme.
Visco: Premium WordPress Theme For Free
Visoko is a free premium WordPress theme with featured content option. Suitable for any niche. Theme Options at admin panel.
Wynton Magazine: Image Gallery WordPress Theme
Wynton Magazine is an image-heavy, magazine-style WordPress theme with a simple but effective layout.
Zeta: 3 Columns Business Theme For WordPress
A Professional look , 3 Columns Magazine Style WordPress Theme.
Multi Colored WordPress Magazine Style Theme: Marangal
Marangal is a featured-packed, multi-colored and 3 columns free WordPress theme. 
Live Demo | Download
Moi Megazine: Elegant Look WordPress Theme
A Professional look Magazine 2 Columns WordPress Theme. 
Live Demo | Download
Multichrome: Shiny Magazine Style WordPress Theme
A Shiny WordPress Theme. 
Live Demo | Download
Nova Scotia: Stylish Magazine Style WordPress Theme
Another Stylish Magazine Style WordPress Theme. 
Live Demo | Download
Perogato: Free Professional Look WordPress Theme
A Colorful Magazine Style WordPress Theme. 
Live Demo | Download
Pro Start: Magazine WordPress Theme For Pro Bloggers
Beautiful Business WordPress Theme. 
Live Demo | Download
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