Pittsburgh’s paper of record, which had been set to close next month after 240 years of operation, is being purchased by a Baltimore-based nonprofit news outlet, the Post-Gazette’s ownership has announced.

P-G President and General Manager Tracey DeAngelo announced to the newsroom this morning that the Venetoulis Institute for Local Journalism will take over the Post-Gazette May 4.

“Words won’t even capture how difficult of a process this has been,” DeAngelo told the staff, according to a voice recording shared with Pittsburgh’s Public Source.

“[The owners] wanted … to find the most responsible future caretaker in the sale of our assets.”

The Post-Gazette and the four-year-old Baltimore Banner, owned by Venetoulis, have both since published news of the sale.

Venetoulis founder Stewart Bainum Jr. pledged $30 million to the foundation to support the Post-Gazette over the next five years, according to the Banner. 

Post-Gazette owners Block Communications Inc. (BCI) reportedly lost $350 million keeping the newspaper afloat since 2005.

The Post-Gazette said in its announcement press release that the newsroom and local business leadership will stay in Pittsburgh. Technology and business operations will be combined with the Venetoulis Institute’s operations. Other terms of the acquisition were not immediately disclosed.

The Venetoulis Institute in 2024 had 158 employees, total revenue of $27 million and expenses of nearly $29 million, reporting a net loss of $1.5 million. It closed that year with $18.3 million in net assets, according to its filings with the IRS.

It’s not immediately clear how many of the company’s approximately 150 newsroom employees will stay on. Zack Tanner, former News Guild president, said DeAngelo told staff “they will have the opportunity to have conversations about our jobs.”

Bainum indicated the sale will involve staff cuts, according to P-G reporting.

“The Post-Gazette’s current business model does not support the size of the current newsroom,” he said. “We’re going to have to thoughtfully address that.”

Prior to the January closure announcement, the Post-Gazette was roiled by labor strife,  including a yearslong strike that culminated in a ruling favoring the union. About 25 union workers returned to the newsroom in November.

News of the Post-Gazette’s unexpected resurrection follows that of Pittsburgh City Paper, an alt-weekly also owned by BCI until news of its shuttering a week before the Jan. 7 announcement. A nonprofit venture, LocalMatters, announced plans in March to resume City Paper as a for-profit business with an online presence and monthly print issues.

News Guild President Andrew Goldstein did not immediately respond to a request for comment.

Tanner said that though he welcomes the purchase of the Post-Gazette, he’s concerned about the prospect of cuts.

“While it’s great that the newspaper will keep publishing, management did nothing at all to address the reduction in staff that the Banner CEO implied would be happening,” he wrote.

Jamie Wiggan is deputy editor at Pittsburgh’s Public Source and can be reached at jamie@publicsource.org.

Rich Lord contributed.

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Post-Gazette acquired by Baltimore news outlet

by Jamie Wiggan, Pittsburgh's Public Source
April 14, 2026

<h1>Post-Gazette acquired by Baltimore news outlet</h1> <p class="byline">by Jamie Wiggan, Pittsburgh's Public Source <br />April 14, 2026</p> <p>Pittsburgh's paper of record, which had been set to close next month after 240 years of operation, is being purchased by a Baltimore-based nonprofit news outlet, the Post-Gazette's ownership has announced.</p> <p>P-G President and General Manager Tracey DeAngelo announced to the newsroom this morning that the Venetoulis Institute for Local Journalism will take over the Post-Gazette May 4.</p> <p>“Words won’t even capture how difficult of a process this has been,” DeAngelo told the staff, according to a voice recording shared with Pittsburgh’s Public Source.</p> <p>“[The owners] wanted … to find the most responsible future caretaker in the sale of our assets.”</p> <p>The Post-Gazette and the four-year-old <a href="https://www.thebanner.com/">Baltimore Banner</a>, owned by Venetoulis, have both since published news of the sale.</p> <p>Venetoulis founder Stewart Bainum Jr. pledged $30 million to the foundation to support the Post-Gazette over the next five years, according to the Banner.&nbsp;</p> <p>Post-Gazette owners Block Communications Inc. (BCI) <a href="https://www.publicsource.org/newspaper-pittsburgh-post-gazette-cease-operations-may/">reportedly lost $350 million</a> keeping the newspaper afloat since 2005.</p> <p>The Post-Gazette said in its announcement press release that the newsroom and local business leadership will stay in Pittsburgh. Technology and business operations will be combined with the Venetoulis Institute’s operations. Other terms of the acquisition were not immediately disclosed.</p> <p>The Venetoulis Institute in 2024 had 158 employees, total revenue of $27 million and expenses of nearly $29 million, reporting a net loss of $1.5 million. It closed that year with $18.3 million in net assets, according to its filings with the IRS.</p> <p>It’s not immediately clear how many of the company’s approximately 150 newsroom employees will stay on. Zack Tanner, former News Guild president, said DeAngelo told staff “they will have the opportunity to have conversations about our jobs.”</p> <p>Bainum indicated the sale will involve staff cuts, according to P-G reporting.</p> <p>“The Post-Gazette’s current business model does not support the size of the current newsroom,” he said. “We’re going to have to thoughtfully address that.”</p> <p>Prior to the <a href="https://www.publicsource.org/newspaper-pittsburgh-post-gazette-cease-operations-may/">January closure announcement</a>, the Post-Gazette was roiled by labor strife,&nbsp; including a yearslong strike that culminated in a ruling favoring the union. About 25 union <a href="https://www.publicsource.org/post-gazette-strike-ends-union-journalists-return/">workers returned to the newsroom</a> in November.</p> <p>News of the Post-Gazette’s unexpected resurrection follows that of Pittsburgh City Paper, an alt-weekly also owned by BCI until news of its shuttering a week before the Jan. 7 announcement. A nonprofit venture, LocalMatters, announced <a href="https://www.pghcitypaper.com/news-2/pittsburgh-city-paper-is-back/">plans in March to resume City Paper</a> as a for-profit business with an online presence and monthly print issues.</p> <p>News Guild President Andrew Goldstein did not immediately respond to a request for comment.</p> <p>Tanner said that though he welcomes the purchase of the Post-Gazette, he’s concerned about the prospect of cuts.</p> <p>“While it’s great that the newspaper will keep publishing, management did nothing at all to address the reduction in staff that the Banner CEO implied would be happening,” he wrote.</p> <p><em>Jamie Wiggan is deputy editor at Pittsburgh’s Public Source and can be reached at jamie@publicsource.org.</em></p> <p><em>Rich Lord contributed.</em></p> <p>This &lt;a target=&quot;_blank&quot; href=&quot;https://www.publicsource.org/post-gazette-acquired-by-baltimore-banner/&quot;&gt;article&lt;/a&gt; first appeared on &lt;a target=&quot;_blank&quot; href=&quot;https://www.publicsource.org&quot;&gt;Pittsburgh&#039;s Public Source&lt;/a&gt; and is republished here under a &lt;a target=&quot;_blank&quot; href=&quot;https://creativecommons.org/licenses/by-nd/4.0/&quot;&gt;Creative Commons Attribution-NoDerivatives 4.0 International License&lt;/a&gt;.&lt;img src=&quot;https://i0.wp.com/www.publicsource.org/wp-content/uploads/2025/07/cropped-ps_circle_favicon_blue.png?resize=150%2C150&amp;amp;ssl=1&quot; style=&quot;width:1em;height:1em;margin-left:10px;&quot;&gt;</p> &lt;img id=&quot;republication-tracker-tool-source&quot; src=&quot;https://www.publicsource.org/?republication-pixel=true&amp;post=1331550&amp;amp;ga4=G-CCLXQK5C14&quot; style=&quot;width:1px;height:1px;&quot;&gt;&lt;script&gt; PARSELY = { autotrack: false, onload: function() { PARSELY.beacon.trackPageView({ url: &quot;https://www.publicsource.org/post-gazette-acquired-by-baltimore-banner/&quot;, urlref: window.location.href }); } } &lt;/script&gt; &lt;script id=&quot;parsely-cfg&quot; src=&quot;//cdn.parsely.com/keys/publicsource.org/p.js&quot;&gt;&lt;/script&gt;

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