Interesting analysis in which the Secretary says:

While the Colorado Secretary of State’s office is very concerned with First-Amendment rights, Colorado courts have repeatedly held that the Secretary does not have the authority to apply settled federal constitutional law to Colorado. In the same vein, the Secretary lacks the authority to either extend the FEC’s press exemption to Colorado or create a new press exemption, notwithstanding the fact that the text of Colorado’s campaign finance provisions are nearly identical to those at the federal level.