Nonprofit Baltimore Banner Owner Buys Pittsburgh Post-Gazette, Averting Shutdown
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The nonprofit owner of the Baltimore Banner has purchased the Pittsburgh Post-Gazette, averting an imminent shutdown of the city’s largest newspaper and ensuring the paper will continue publishing rather than close as planned on May 3. The deal, reported by national and local outlets and flagged on social media by reporters who named the buyer as the Venetoulis Institute, moves the Post-Gazette from private ownership toward a nonprofit model intended to preserve local news operations in Pittsburgh.