GREAT news for Bloggers, as the SEC applies Media Exemption to Political Blogs.
The FEC (Federal Election Commission) has ruled that "Since 1974, media activity has been explicitly exempted from federal campaign finance regulation. In March 2006, the Commission made clear that this exemption extends to online media publications and that 'costs incurred in covering or carrying a news story, commentary, or editorial by any broadcasting station. . . , Web site, newspaper, magazine, or other periodical publication, including any Internet or electronic publication,' are not a contribution or expenditure unless the facility is owned by a political party, committee, or candidate."
This means that private (as opposed to blog sites maintained by a political party, committee or candidates) bloggers do NOT fall within the FEC's campaign finance regulations.