In 1973, the Institute began publishing Southern Exposure, a journal covering a broad range of political and cultural issues, with a special emphasis on investigative journalism and oral history.
Southern Exposure has been recognized with numerous major journalism awards, including two George Polk Awards (Magazine Reporting and Regional Reporting), a National Magazine Award (Public Interest Reporting), the John Hancock Award for Excellence in Business and Financial Journalism, and awards from Investigative Reporters and Editors, the National Press Club, the Society of Professional Journalists, and the White House Correspondents' Association.
Notable authors who have contributed to Southern Exposure include Julian Bond, Anne Braden, Denise Giardina, Jim Hightower, Bernice Johnson Reagon, Stetson Kennedy, Mab Segrest, Lee Smith, Studs Terkel and Alice Walker. Southern Exposure published quarterly from 1973–2000 and 2002-2005. As the Institute has expanded its online media, it now publishes print issues of Southern Exposure twice a year.
In 2003/2004, Southern Exposure published "Banking on Misery," an award-winning investigative series that was one of the first in-depth reports on the growing predatory lending crisis, especially the leading role of Citigroup in predatory banking practices. The Columbia Journalism Review later credited Southern Exposure with breaking the story about Citigroup's dependence on subprime lending (three out of four loans originating from Citigroup in 2000 were from its subprime unit, Southern Exposure reported) and foreshadowing the 2007/2008 home credit crisis.
After a two-year hiatus, Southern Exposure resumed publication in 2011 with an issue about the health crisis facing Gulf Coast communities in the wake of the Deepwater Horizon oil spill.
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“... so far from thinking that a slaveholder is bound by the immoral and unconstitutional laws of the Southern States, we hold that he is solemnly bound as a man, as an American, to break them, and that immediately and openly ...”
—Angelina Grimké (18051879)