Through a qualitative content analysis of an ideologically representative sample of influential media outlets in Spain, this article identifies three principal discursive frameworks surrounding Franco’s exhumation. These frameworks expressed not only deep disagreements over the direction of Spain’s regime of remembrance, but reflected deeper anxieties over the state of a democracy in crisis. More broadly, this analysis responds to calls to engage with journalistic sources in the memory studies literature, while illustrating the role of collective memory in collapsing past, present, and future in the articulation of political identities.