Doing a waterfall test on a site using this theme, I noticed a file named solid.png that was slowing the load time of the site. I attempted to download this file from CPanel and received a warning in Chrome that it was malware. So I checked another site using this very same theme and got the same exact warning. This seems a shame because I liked the theme, quirky though it may be.
I'd say keep looking, unless you want to clean the theme. I'll be replacing it on 3 sites, because I just can't trust it anymore.
Several problems, no support, ugly and unnecessary CSS backgrounds. Menu disappears in mobile view on all three sites I've done with this theme.
Theme is agonizingly slow, but that may be caused by WordPress itself.
The only good thing about this theme is that it's no worse than any other theme. Picking a theme is like going through a bin full of free stuff at some neighbourhood jumble sale.
You waste your time and get what you pay for.
UPDATED: 2015-08-10 I loved this theme when I first found it years ago but over time it has become more and more difficult to use. The latest version completely destroyed the aesthetic quality of a major Website once the update finished and I had to quickly install another theme because I didn't have time to figure out what changed.
The designer has a need to make a living and I fully understand the upsell. But the quality of the free theme's layout and customization has declined to the point where I will be removing Magazine Basic from all the sites where I have installed it.
That represents a lot of work but it is necessary because this theme is no longer usable in its free format and I don't want to spend any money on the Pro version to find out if that is better.
Thank you for a fine theme in the past. I hope you are more successful with other themes in the future.
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