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Pittsburgh Post-Gazette Saved from Closure by New Ownership Deal

KVIA••CNN Newsource
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The Pittsburgh Post-Gazette has been saved from imminent shutdown following its acquisition by the Venetoulis Institute for Local Journalism, the publisher of the Baltimore Banner. This deal comes just weeks before the newspaper's planned closure on May 3, which was announced by Block Communications after significant financial losses exceeding $350 million over two decades. The Venetoulis Institute intends to maintain the newspaper's operations in Pittsburgh, continuing to publish print editions twice a week. Union representatives express hope for a renewed commitment to quality journalism under the new ownership, emphasizing the need for respect towards workers' rights and financial accountability.

Key Details: • New ownership aims to continue publishing twice a week on Thursdays and Sundays. • The Post-Gazette was set to cease operations on May 3, just weeks before the acquisition. • Block Communications had owned the paper since 1927 and cited over $350 million in losses. • Unionized staff recently returned to work after a three-year strike.

journalism local-news acquisition union pittsburgh

People & Organizations

PittsburghBob CohnAllan BlockJon SchleussVenetoulis Institute for Local JournalismBlock CommunicationsNewsGuild

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