Less than a month before it was set to shut down, the Pittsburgh Post-Gazette announced on Tuesday that a buyer has been secured to keep the historic newspaper operational. Founded in 1786, the Post-Gazette was the first newspaper established west of the Allegheny Mountains, and its closure would have left Pittsburgh as the nation’s largest city without a city-based paper.

The current owners, Block Communications, confirmed that the Venetoulis Institute for Local Journalism, which also publishes the digital platform, Baltimore Banner, will acquire the assets of the Post-Gazette. While the specific financial terms of the deal remain undisclosed, it marks a critical moment for local journalism in the region.

Under the new ownership, the Post-Gazette will continue its print publication twice a week, on Thursdays and Sundays, while maintaining an active website for the remainder of the week. This arrangement not only demonstrates a commitment to preserving the newspaper’s legacy but also reflects an effort to adapt to the evolving media landscape.

With closure originally slated for May 3, this acquisition provides a significant relief to both employees and readers who rely on the Post-Gazette for local news coverage.