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Great points Matt.
But, since you cite "innocent until proven guilty" - I see the Lueke situation as, (and I think Baker, also), that he *WAS* proven guilty.  In taking the plea that he did - by the law of the land, he is considered guilty of a crime - and he HAS RECEIVED punishment for that crime. 
If I were to ask you in general terms - "Is it moral to punish a criminal?" I think you - (like most people), would say, Yes.
If the question is "Is it moral for a newspaper to print unkind articles about convicted criminals?" the answer (for me) in general terms would be, yes.  But, I could also see the possibility of circumstances where I would feel differently.  I am an avid watcher of the "American Greed" series, which I view as a very positive journalistic endeavor to explain how some of the worst abusers of our system got away with their crimes for so long. 
Is it immoral to cause THOSE criminals (and their families) additional grief (beyond the punishment of the judiciary)?  For me - no.
I could see some that might call it "unfair" or "unnecessary" or "unseemly" -- but (for me), it doesn't cross the line into immoral.
Then again - AFTER a crime has been fully paid for - and the criminal set free by the justice system, (regardless of the crime) - what about then?
In the general case - it is immoral to cause harm to another.  In a specific case of crime - it is not only moral - but a sign of a moral society that they punish criminals. 
For *ME* - the Lueke case is complex in that he was initially charged with an extremely serious crime - but he was convicted of something far less serious, (else the punishment would've been far more severe).  I can easily see the argument that Baker is treating Lueke "as if" he were convicted of the original more serious crime -- and if so, that could certainly be viewed as "unfair".  But, I'm not sure (for me), that would cross the line into immorality.
I've argued that the way Lueke should be treated (by the press and the club) should be consistent with the way the justice system opted to punish him.  So, while I may interpret Baker's piece as "heavy handed", I can't see it as being immoral, (especially when my own moral compass views a show like "American Greed" as serving a public good).
In any case - it's a fascinating discussion with some top shelf intellects.