"At a time when news organizations are struggling to define and promote their own relevance, some argue that journalists should make explicit their efforts to contribute to democracy as well as the results of those efforts. This study focuses on one prominent nonprofit news organization, the International Consortium of Investigative Journalists (ICIJ), that openly discusses the impact of its work in a way that may point to the beginnings of a new journalistic theory of democracy. We conduct a discourse analysis evaluating ICIJ’s own language about three of its high-profile investigative reports into global tax evasion, and discover four ways in which the organization makes reference to the impact of those projects. Ultimately, we argue that this focus onimpact—encouraged, at least in part, by the organization’s foundation funders—is leading ICIJ to measure its democratic role in a way that sets its behavior apart from traditional journalistic entities, presenting an opportunity for scholars to discuss journalism’s evolving role in democracy." (Abstract)