For those that believe the magazine cover is simply 'laid out that way,' check out some normal examples here.
Horns - The M in 'TIME' creates devil's horns over the subject's head. How clever?
Masonic Lion's Paw/Satanic Devil's Claw - Anton Lavey
All-Seeing Eye Symbolism
All-Seeing Eye inside a pentagram.
Can you really say this is some giant coincidence?