Pittsburgh Post-Gazette to Shut Down After Two Decades of Financial Struggles
In a shocking move, the Pittsburgh Post-Gazette announced its plans to cease operations and publish its final edition in May. The decision comes after two decades of financial losses totaling over $350 million, leaving Block Communications, the newspaper's parent company, no choice but to shut down the publication.
The closure is attributed to a combination of factors, including outdated operational practices that are no longer suitable for modern local journalism. A recent legal ruling has also played a significant role in this decision, as it reinstated the terms of the employees' 2014-2017 labor agreement, imposing inflexible practices on the Post-Gazette.
The company's statement acknowledged the devastating impact this will have on Pittsburgh and its surrounding region. Block Communications expressed regret over the decision, stating that it was made "no longer sustainable" due to local journalism realities.
This latest move follows an earlier announcement by Block Communications to shut down the 34-year-old Pittsburgh City Paper, citing a business model that failed to achieve financial performance necessary for responsible operation.
The Post-Gazette's closure marks the end of an era for one of America's oldest and most respected newspapers, with its roots dating back to 1786. As news spreads of the final edition, fans of the publication are left wondering about the future of local journalism in Pittsburgh.
In a shocking move, the Pittsburgh Post-Gazette announced its plans to cease operations and publish its final edition in May. The decision comes after two decades of financial losses totaling over $350 million, leaving Block Communications, the newspaper's parent company, no choice but to shut down the publication.
The closure is attributed to a combination of factors, including outdated operational practices that are no longer suitable for modern local journalism. A recent legal ruling has also played a significant role in this decision, as it reinstated the terms of the employees' 2014-2017 labor agreement, imposing inflexible practices on the Post-Gazette.
The company's statement acknowledged the devastating impact this will have on Pittsburgh and its surrounding region. Block Communications expressed regret over the decision, stating that it was made "no longer sustainable" due to local journalism realities.
This latest move follows an earlier announcement by Block Communications to shut down the 34-year-old Pittsburgh City Paper, citing a business model that failed to achieve financial performance necessary for responsible operation.
The Post-Gazette's closure marks the end of an era for one of America's oldest and most respected newspapers, with its roots dating back to 1786. As news spreads of the final edition, fans of the publication are left wondering about the future of local journalism in Pittsburgh.