Abstract

Journalists are guided by ethical principles derived from history, philosophy, and the findings of the 1947 Commission on Freedom of the Press. Newspaper owners, however, often are motivated primarily by profits. This study uses the rubric of the Hutchins Commission to propose a new ethical approach to the trend toward monopoly buyouts in urban markets. The author asserts that the closing of one newspaper violated the spirit, if not the intent, of Hutchins as applied through a corporate ethics formula, then concludes that the foundation of ethics should move from newsrooms to boardrooms.