That may apply to the larger paper as a whole, not individual stories.
I don't have the exact facts in front of me but there was a case a few years back where the school President was at odds with the editor over controlling content and it ended up that the Vermilion was a separate entity and not subject to the whims of higher ups.
I looked for it the other day and gave up, when I can get to Dupre' again I will give it a go.