Pittsburgh Post-Gazette Saved From Closure by Nonprofit
The Venetoulis Institute of Local Journalism, which operates The Baltimore Banner, has bought The Post-Gazette. The newspaper was set to shut down next month.
The Pittsburgh Post-Gazette, which had been set to shut down in May, will keep publishing after all. A nonprofit journalism organization has stepped up to acquire the newspaper, which has survived for more than two centuries.
The Venetoulis Institute for Local Journalism, which runs The Baltimore Banner and is financed by the hotel magnate Stewart W. Bainum Jr., said on Tuesday that it had reached an agreement with the newspaper’s current owner, Block Communications, to buy the assets of The Post-Gazette and run it as a nonprofit. The transaction is expected to take effect on May 4, ensuring there is no gap in publishing.
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