On cover one of the blurbs says, "Superman" Captures Hitler and Stalin.
On sale date from the publication date as submitted to the U.S. Copyright Office found in the Catalog of Copyright Entries, Part 2, Periodicals, 1940, New Series, Volume 35, Number 1. Class B periodical. Copyright registration number B 449765.
Actually a text article, short introduction article to the rise in Superman's popularity. Includes three photographs, one kids and vendor around a newsstand, and pictures of Jerry Siegel and Joe Shuster at work.
In red and black.
Per Keith Morgan, one page with the red color was reprinted on page 65 of Les Daniels' DC Comics: Sixty Years of the World's Favorite Comic Book Heroes and an edited greyscale version appeared on page 8 of Brian Cronin's Was Superman A Spy?