The Pittsburgh Post-Gazette, one of America's oldest newspapers, has announced a buyer that will keep it from shutting down. The newspaper, which traces its roots to 1786, was due to close within a month, which would have left Pittsburgh as the largest US city without a local newspaper.
Block Communications, the current owner, stated that the Venetoulis Institute for Local Journalism, which runs the digital Baltimore Banner, has agreed to purchase the Post-Gazette's assets. Financial details of the deal were not disclosed.
Under the new ownership, the Post-Gazette will continue to print on Thursdays and Sundays, while operating a website on the other days. The sale ensures the survival of a publication that has served Pittsburgh for over two centuries.
