NEW YORK (AP) — With just weeks remaining before its scheduled closure, the Pittsburgh Post-Gazette announced Tuesday that new ownership has stepped in to rescue the historic publication.
The newspaper, which traces its origins back to 1786 as the first publication established west of the Allegheny Mountains, would have left Pittsburgh as America’s largest city without a locally-based newspaper had it closed as planned.
Block Communications, the current ownership group, revealed that the Venetoulis Institute for Local Journalism — the organization behind the digital Baltimore Banner — has reached an agreement to purchase the newspaper’s assets. The companies did not reveal the purchase price.
Under the new ownership structure, the Post-Gazette will maintain its print edition twice weekly on Thursdays and Sundays, while operating its digital platform throughout the remainder of the week.
The historic publication had been scheduled to cease operations on May 3rd.
