Having the text be both on grey and white is a great element of design. This not only creates depth, but also creates interest and contrast. The text draws your eye into the image, which is very detailed, even being only black and white.
I like this a lot because of the headline font and style. It is very catchy and visually pleasing. The picture goes along with the headline, "is happiness catching" because of the pictures of the smiles, so you obviously know the pages go together. There is clearly another spread after this because there is no article on this page, but the bi-line is helpful and visually pleasing as well.