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It seems that this makes some sense. Yet, with the broader definition of media these days (bloggers have been granted media credentials in many cases) it could be an all or nothing case. Either you let all bona fide media access the venue, or none, otherwise face a restraint of trade claim. Further, since almost all stadiums nowadays have substantial public funding behind them, this bill could have far reaching consequences for those watching in other jurisdictions.
The one thing that has kept bona fide members of the press (especially freelance ones) from bringing a restraint of trade suit against the leagues is simply having the financial backing to do so. If you've ever called a team PR department and told "that's nice that you are media, and have a press credential, but unless your circulation is X, we can't give you a credential" and hung up frustrated, the primary hurdle precluding you from forcing the issue - and winning - is the finances to file a "restraint of trade" claim. What is restraint of trade? Simply put, it's "An action or condition that tends to prevent free competition in business, as the creation of a monopoly or the limiting of a market."
Each person would need to file seperately, and, in the meantime, you'd have to get an injunction preventing a team from restraining you at each game.
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