It is indeed. Vortex62 has identified the magazine as the LA Times' TV Times supplement for the week of Jan. 15-21, 1995.
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And that issue of "Time" that Rembrandt is mostly obscuring? It dates back to February 1988! The cover makes sense in that world's context, though... a male school principal with a baseball bat advocating "getting tough" would indeed get critics up in arms (and sell magazines.)
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