Pittsburgh Post-Gazette Saved from Closure by Nonprofit Sale
The Pittsburgh Post-Gazette, a historic newspaper in Pittsburgh, was on the brink of closure but has been saved by a sale to a nonprofit foundation. The newspaper, which has been a staple in the community since 1786, was set to close on May 3, making Pittsburgh the largest U.S. city without a local newspaper. The sale to the Venetoulis Institute for Local Journalism, which also publishes The Baltimore Banner, aims to keep the newspaper operational. This development follows a period of labor disputes and financial struggles for the Post-Gazette, which had been operating under Block Communications, Inc. The nonprofit plans to invest $30 million over the next five years to revitalize the newspaper. 
