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Pittsburgh Post-gazette Saved By Nonprofit Purchase

The Pittsburgh Post-Gazette will be able to continue publishing after a nonprofit journalism group stepped in to buy the newspaper.

The Venetoulis Institute for Local Journalism on Tuesday said it will buy the paper and run it as a nonprofit.

The Post-Gazette was due to shut down in May after more than two centuries in business. Its closure would have made Pittsburgh one of the largest metropolitan areas without a major newspaper.

The deal marks a rare bit of good news for an industry that's been marked by consolidation and closures. Financial terms of the agreement were not made public.

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Pittsburgh Post-gazette Saved By Nonprofit Purchase

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