Well, Time magazine is a lot of colors. Typically, though, the cover has a red outside border, and across the top of the page the word TIME is also in red. There is a date in the upper left in black. The rest of the page is usually a picture of whatever they are featuring that week, with other headlines, usually in white, blue, or yellow. Depending on the issue, part of the word TIME could be obscured, and sometimes they have a little picture inset in the upper right.
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Time magazine was founded by Henry R. Luce and Briton Hadden in 1923. The weekly newsmagazine will celebrate its 90th birthday in 2013.