The style of the day is to give more space. It isn’t a technical thing, just a style thing for modern designs. None of the free magazine themes here on the www.remarpro.com Theme repository will likely give you exactly what you want, so you might have to hunt down a paid theme from one of the many top magazine themes posts that exist out there. I don’t think I’m allowed to recommend any of them here…
Also, any magazine theme, with some custom CSS from a decent developer will likely give you what you want in terms of adjusting spacing.
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