I have recently been working on a magazine styled website for http://www.teachers-alliance.org
My choice of software was of course Wordpress with the Arras theme (perfect for that magazine look) and a gaggle of plugins. It was difficult for me to find just the right plugin, one that looked great and did what it needed to do. Eventually I finished with these 14 plugins. If you’re looking to set up a similar website maybe this list will help you to get started.