First off, Congratulations. It is still an honor to take charge of a local institution.
Please remember that you are now the curator of the legacies of Roundy and Dieckmann and Butler and a thousand others who have informed and entertained Madison, Dane County and the state of Wisconsin for more than a dozen decades. Treat those memories with respect and you'll be respected in turn.
Lastly. When someone says they are handing you the reins, you might want to make sure it's not an anchor rope.