Note:
(a) It is 7 pm,, Monday, Mar 1, 2016.
(b)
(i) To be honest, I see nothing amiss.
(ii) This may help you (and me): in the home page, the summary underneath the title of this report is as follows: "南方都市报》深圳版封面因惊现 '媒体姓党，魂归大海' 藏头诗，影射习近平的“导向事故”，宣布开除当班编辑，行政处分副总编。"
(iii) What is deemed offensive: "媒体姓党," "魂归大海" (alluding to whom or what?) or both when combined? It sounds like 文字狱 to me.
(c) Google marks the BBC report "5 hours ago." This is the second earliest Chinese-language report.
(d) The earliest one (Google: "9 hours ago") is