The U.S. Postal Service said Wednesday it will not end Saturday delivery, something it announced in February that it planned to do.
The USPS hoped curtailing delivery on those days would help it control costs. Unlike many other government bodies, the USPS is required to pre-fund retirement obligations. In fiscal 2012, the USPS' deficit was $16 billion. It estimated ending Saturday delivery would save about $2 billion.
The change would have landed hard on newsweeklies and community papers, many of which deliver on Saturdays. Bloomberg Businessweek announced last month that it had partnered with Gannett to have newspaper carriers deliver the magazine in some markets. It began rolling out its alternate delivery program in 2010.
Previously: Newspapers, magazines will have ‘not-great’ choices as USPS plans to end Saturday delivery | Bloomberg Businessweek expands non-postal delivery