Does this logo look familiar? It should! It's the "Sonic the Comic" / Fleetway of UK Comic book logo. These were localized into Italian, but they had sections added to them / it wasn't just the Fleetway stories. They may have also had variant covers (as seen here) You can see other games like Shinobi & Streets of Rage being announced for the interior.
So in this way, they acted as a sort of combo comic + game magazine for Sega.
Just what was inside? This photo shows "Zona Lettori" (obviously Letter Zone" where fans could write in, as well as a "News Zone" which has some Sonic art, plus Terminator game/movie news & a bit of other games coverage. Beneath that, you can see the regular issue comic pages that Fleetway had, with everything translated to Italian so you could understand it. These issues appeared on news stands in 1993 and 1994. (November 1993 thru June 1994) However, there were only 8 made, and then they dissappeared from shelves. Did it not catch on? Why did they stop?