Will the Liberal Malcontents wind up in jail?

Apparently, the FEC is considering whether it should regulate blogs, as they might represent a vehicle for "circumventing campaign finance laws," and because "some Web sites actually provide unregulated benefits to specific political campaigns." Hmmm. It seems unlikely that the FEC will really make much of a stance here, but if I am in favor of public campaign financing as a means to get campaign spending into some semblance of sanity, (not like it will ever happen), should I also agree that blogs should be regulated? Is it true that they can effectively become a means to circumvent campaign finance laws? Very ironically, the link is to an article on FOX's website, which concludes with the following paragraph: "TV networks can broadcast and newspapers can publish hard-charging political editorials without violating campaign finance laws under a journalist exemption. Bloggers want to be included in the exemption, leaving the FEC to decide whether bloggers are journalists."