Pittsburgh Post-Gazette saved from closure
The nonprofit behind The Baltimore Banner acquired the paper three weeks before it was set to close
Less than three weeks before it was supposed to close, The Pittsburgh Post-Gazette announced Tuesday that it would be acquired by the nonprofit that owns The Baltimore Banner.
The owner of the Post-Gazette, Block Communications, shocked media observers earlier this year when it announced it would stop publishing the 99-year-old paper on May 3, leaving Pittsburgh without its largest daily. At the time, Block blamed continued cash losses of more than $350 million over the past 20 years.
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