FEC rules blog network qualifies for journalist exemption

In a major breakthrough for the blogosphere, the FEC has found that the Fired Up blog network blogs are exempt from US finance laws as they qualifty for the press exception provisions, a major first for the blogosphere.

The full verdict can be read here (pdf) and more details at Fired Up. Given the common law precedent nature of US Law it would be fair to say that this case is likely to influence many others into the future.