| 總結: | This work covers the history of the Mexican newspaper Excelsior between 1916 and 1932. The author examines the context in which the newspaper was born —triumph of Constitutionalism and conflicts between its constituting groups— and the survival and strengthening of business journalism, which was born during the Porfiriato and now had to negotiate with revolutionary leaders. Excelsior maintained during its first stage a “moderately conservative” editorial line, which brought about trouble with the governments of Álvaro Obregón and Plutarco Elías Calles, but which also led to a growing prestige among its readers —urban middle— and high —class in the capital and other cities. This period ended when the newspaper failed to overcome its problems with the revolutionary regimes and had to face a deep economic crisis leading to bankruptcy.
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