Penny wants to write a story about a strange tattoo she sees on a sailor, but neither her father's nor her school's newspaper agree to the idea. Penny impulsively decides to start a new newspaper in the abandoned Morning Press building and enlists the help of a few close friends. She soon finds herself in over her head and courting trouble after she runs the story about the tattooed man in her new paper. Penny's story turns into a big scoop, gaining Penny respect from her father's colleagues.