To create a black and white effect for the front cover of a magazine in Photoshop, the document outlines the following steps:
1. Open Photoshop and import images to edit. Select the "Shadows" and "MD tones" from the "Color Range" option to copy each as separate layers.
2. Turn off the background layer and change the "MD tones" layer to 50% grey using the "Edit" menu to give a partial grey shaded effect while preserving transparency.
3. Change the "Shadows" layer contents to black, also preserving transparency.
4. Merge the layers to apply the black and white effect to the base image. Add text layers for