In any case, it's priority of the educational system. Should this newspaper compromise that situation, you quell it. Simple.
So what your saying, is it's okay to censor free thought, what message is it sending to the younger generation if administration continually arbitrarily stop the reporting of news worthy items. You may think that the story has no legs, but others may not hold the same views as you, and would like to hear or read the story and make their own judgement on wether the story was credible. If it isn't I am sure that the writer's career as an aspiring journalist will be limited or cut short.

But don't cut off legitimate debate, because you may think it will upset (shareholders) others.

Private schools, must operation to a degree as a business does. This makes them completely accountable to their image to the public.
Bollocks, do you really think the average joe/sue give's a sh*t about a private schools activities, I suppose they would if it was found out that it was a place of learning where nasty things went on, but then how would they find out, unless someone wrote about it......

However, when you actually think about it, freedom of the press and censorship really isn't the main issue. It's a private school/business concerned about about money and success in attaining it.
By invoking the "I am the Shool Administrator" and you will not write or publish what I consider to be not newsworthy, you say this isn't about censorship? What would you consider censorship then.....?

KKK insinuations suprised me though. I guess Nazi would have been too cliche these days.
If you took this personally then sorry, however, I was referring to the KKK in the context of the term you used "Higher Level" as racist in itself, in other words those that are not at that level are beneath you/them, that is arrogance......and I suppose I could have used Hitler as a reference as opposed to the KKK, or I could have used Mensa, elitist type thinking.Take your pick...