The paper, “When the Local Newspaper Leaves Town: The Effects of Local Newspaper Closures on Corporate Misconduct”, confirms that the press serves as a watchdog and keeps businesses in check. Jonas Heese, the Marvin Bower Associate Professor of Business Administration at Harvard Business School, teamed up with Gerardo Perez-Cavazos at the University of California San Diego’s Rady School of Management and Caspar David Peter at the Rotterdam School of Management to conduct the research about misbehaviour among publicly traded companies. It illustrates the critical watchdog role that newspapers play, and the problems that arise when publications go out of business.