I predict the woman wins this one.
Let's analyze your reasoning.
A newspaper is "incorporated."
A "federal and state rules and regulations" forbids the incorporated newspaper disparaging or disagreeing with legislators in articles or editorials.
According to you the "corporation" has to abide by those "rules and regulations."
What happen to Amendment I? Where in the incorporation papers from the state of incorporation does it state you, as a stockholder/property owner of the incorporation, "forfeit" constitutionally protected rights?