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BusinessThe Pittsburgh Post-Gazette has secured a buyer, the Venetoulis Institute for Local Journalism, to keep the newspaper operational, averting its impending closure. The new owners plan to maintain a limited print schedule and continue its digital presence.

Pittsburgh Post-Gazette Finds Buyer, Avoids Closure

The historic Pittsburgh Post-Gazette, facing a shutdown, has found a buyer to continue operations, keeping the city's local journalism alive.

Source: AP1 min read

In brief

In a significant development for Pittsburgh's local journalism, the Pittsburgh Post-Gazette has secured a buyer just weeks before its scheduled closure. The Venetoulis Institute for Local Journalism will acquire the newspaper from Block Communications, ensuring it remains operational. The Post-Gazette, established in 1786 as the first paper west of the Allegheny Mountains, will continue publishing on Thursdays and Sundays while maintaining an online presence throughout the week. This sale averts the loss of the last city-based newspaper in Pittsburgh, which would have left the community without traditional local news coverage.

NEW YORK (AP) — Less than a month before it was due to shut down, the Pittsburgh Post-Gazette said Tuesday it had found a buyer that would keep the troubled newspaper open.

The Post-Gazette dates its ancestry to 1786, the first newspaper to open west of the Allegheny Mountains, and its closure would have left Pittsburgh as the nation’s largest community without a city-based paper.

Its owners, Block Communications, said the Venetoulis Institute for Local Journalism, which publishes the digital Baltimore Banner, had agreed to buy its assets. Financial terms were not disclosed.

The Post-Gazette said the new owners would continue to print the newspaper on two days, Thursday and Sunday, and would operate a website on the other days.

The newspaper had been due to close on May 3.

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