This caught me off guard. It’s good news about entrepreneurship and newspapers all in one. The Denver Business Journal reports Ex-Rocky Mountain News staffers to try again with online news project:

Former Rocky Mountain News staffers who led the aborted effort to start an online Denver newspaper have regrouped and will instead launch an online magazine later this summer.

The Rocky Mountain Independent will be owned and operated by 10 to 12 of its staffers and funded by their initial investment as well as by advertisements and “memberships” that it will sell. Its content, ranging from local news to culture to sports, will consist of magazine-style articles, new angles to stories in other publications and news that other Denver media is not breaking, said Steve Foster, one of the majority owners.

The odds are somewhat stacked against them (advertising is still contracting, subscription content doesn’t have the best track record, etc), but I have a lot more faith in these guys figuring out how to make it work than some of the larger newspaper companies. Best of luck.