Pittsburgh Post-Gazette saved from closure by Maryland non-profit

Parent company of non-profit news website Baltimore Banner announces it acquired paper for undisclosed sum

The Pittsburgh Post-Gazette, which has roots that date back to 1786, was set to close next month, in a major blow to the city and a sign of the distressed state of local news. Not any more.

On Tuesday, the Venetoulis Institute for Local Journalism, the parent company of the Baltimore Banner non-profit news website in Maryland, announced it had acquired the Post-Gazette for an undisclosed sum.