PICTURE SHOW was a British movie magazine. This particular issue has a sort of cartoon picture of Thelma Todd, accompanied by a little poem about her working with the Marx Brothers*.
*Thelma Todd appeared in the Marx Brothers movies MONKEY BUSINESS ( 1931 ) and HORSE FEATHERS ( 1932 ). In 1933 Thelma Todd went to England to promote a movie she made with Laurel and Hardy, THE DEVIL'S BROTHER, but it seems the Marx Brothers films were what really impressed someone at PICTUREGOER.
The Marx Brothers: