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Admittedly I'm not intimately familiar with the journalistic work of the new ownership, but they do good stuff that I've come across before, and a couple things in particular came to mind when I heard the news.
If you're a fan of the Elephant 6 band Neutral Milk Hotel (and you should be; In the Aeroplane Over the Sea is a stone masterpiece) and wonder what happened to creative mastermind Jeff Mangum, Creative Loafing Atlanta published the definitive piece.
The Book of Ralph, their graphic news journalism history of babyfaced former Christian Coalition leader and failed politician Ralph Reed is wonderful; the frame "Ralph Speaks Out" is a stunner.
The Georgia podcast network has an interview with Webmaster Aaron Karp and Online Editor Laura Fries (since departed for the Association of Alternative Newsweeklies).
Update: Per the comments, it does appear that the Black Mafia Family series is not just great investigative journalism but also great storytelling.