I'm with Hairy Jock. There's Citycycling. There's Velovision. There's the Cyclenation newsletters. There's the LCC mag. And there's Cycle. They're all, in their different ways, damn good, and it strikes me, looking at the effort that goes in to them, they are products of love rather than business ventures.
I know a little about the finances of Cycle, and, if you're planning to make this a print venture my advice is....forget it. Your starting point is advertising, and Cycle has a twenty page head start - and, let it be said, a damn good editor, the best technical page there is and a legal advice column that is paid for, not to mention a guaranteed readership of 40,000.
And, to be brutally honest, there isn't the talent here to make it a goer. Sorry.