From November 1993: Marvel New York celebrated thirty years of THE AVENGERS with this glossy one-shot magazine, officially a spin-off from the not-magazine-sized MARVEL AGE MAGAZINE.
Marvel published a bunch of these in the early 1990s with a similar edition devoted to THE X-MEN, an objectification-packed celebration of the fictional flesh with a Swimsuit magazine (riffing on the SPORTS ILLUSTRATED tradition) and a couple of annual in-universe retrospectives spoofing the likes of TIME and NEWSWEEK.
The fad proved relatively short-lived (maybe it was just cheaper and easier to concoct another PUNISHER one-shot?) and the magazine line quietly went away when the market tanked.
The contents were all text based, albeit illustrated by numerous panels and covers from the Marvel vaults.