Press Gazette, the magazine for journalists, has been saved from closure after being bought by publisher Progressive Media.

The title will continue to be published in both printed and online formats, with the May edition going out as normal.

Staff are moving offices from Old Street in London to Paddington. The new address will be announced soon.

Former publisher Wilmington Media will be collaborating with Progressive on the British Press Awards and a number of other events.

[lnk|http://www.featuresexec.com/publications/info_features.php?pubid=127|_self|Progressive Media]