Does it matter that she was a public figure? Maybe in terms of the degree of harm, but not the cause of action.
So as a plaintiff, you're interested in multiple parties:
False light is probably the best shot here: the case can proceed under a recklessness standard, because Time probably did know that they were portraying fictional things as though they had happened.
Here, property rights make it more easy to decide. The court can't use the statute per se, and it can't pick one of the causes of action that WI has explicitly rejected, so it settles on appropriation: that was the one common law that survived.
This is different from Scripps, though, in that it's not purely economic. He's not just complaining that he didn't get paid-- he wants to pick who can use his image.