The La Depeche de Tahiti newspaper has avoided being shut down after being given a reprieve in the commercial court in Papeete.
The paper's parent company, which was placed in receivership last year, tabled a rescue plan for the paper which the court accepted.
It will now go to the creditors who have been given three months to reply.
La Depeche, which was established in 1964, lost its own printing shop last year when it was liquidated following prolonged financial difficulties.
It has been the only local daily newspaper for sale since 2014 when the territory's oldest newspaper Nouvelles de Tahiti ceased publication after 57 years.
There is also a free daily in French Polynesia - Tahiti-infos.