The issue looks like it's parodied TIME Magazine,even the celebrities inside the magazine.
'-M'AD # 267 MARCH 1987: $ 1.35-
-AD: Super Special Summer '87(1987) - MAD Bombs
-Department Contents Page
-ADs for Subscriptions also features Don Martin Big Books Bonus,Sergio Aragones Paperback
-& more (if you have the issue!).