Focus on quality journalism over everything else. “Local news is a very difficult space in which to make a profit on the Internet,” Kramer writes, “and it’s clear Michelle’s team understands that, because they are planning to operate with a low expense base. That’s not a problem for aggregating other people’s work; the trick will be to create high-quality original journalism with limited resources. I wish them luck.”

So do we.

Megan Garber is an assistant editor at the Nieman Journalism Lab at Harvard University. She was formerly a CJR staff writer.