FWIW, a lot of colleges are shutting down their college newspapers and journalism departments. Texas A&M shut theirs down in 2003. I think a lot of it comes back to the colleges not wanting anything printed about them that isn't under the control of the powers that be. I wouldn't be surprised to find high schools doing the same thing. The ACLU may come in and tell you you can't censor a student, but they can't make you publish a newspaper.
In one way, this is a shame. However, a lot of the free speech arguments are based on a faulty assumptions. Basically, the argument goes that the only way to protect free speech is by protecting the most reprehensible speech. While there's a grain of truth in this, in another way, it's like saying the only way to protect the right to drive is by defending the most irresponsible driving.
In our public high school, the newspaper and the yearbook publications are handled by students enrolled in a class for credit. The school has FULL control over the publications.