It sure looks like it was designed by committee. It is one of the ugliest typefaces I have ever seen and, having studied typography, I have seen some really shitty ones. What were they thinking with the f and r? This is Times New Roman all over again.
Clarification: Times New Roman was designed for the London Times newspaper in 1929.
Silly me, I... heh, the first time I ever saw TnR was in relation to MS Word. And so I read this sentence thinking first about screen resolution, then "but why would you print ads in your documents"...