I think it's a great idea and I'd love to see the NYT body-slammed. But there may be a hole in your reasoning. What proof is there that the drop-off in NYT revenue is a direct result of media bias? As a lawyer, how would you create an argument for that premise that an opposition lawyer couldn't laugh off? Opposition possibilities: Bad economy? More people getting news on the internet? Bad publicity following the Jayson Blair scandal? If you can make an airtight argument you can probably find someone with the $$$ to bring the case.
Agreed, but that is a "discovery" issue.