Judge rules for Fed in Fox News Network request

US District Judge Alvin Hellerstein denied a bid by Fox News Network seeking details from the Board of Governors of the Federal Reserve about the central bank's loans to companies affected by the financial crisis. The owner of the Fox Business cable network made an initial request for documents in November last year under the Freedom of Information Act (FOIA) about the companies and funds they received between August 2007 and November 2008. Both parties had filed motions in Manhattan federal court to rule in their favor after Fox filed its request to the court in January. "I rule that one document, which the Board determined is not a record, is indeed, a record. The Board shall identify this document and either produce it or claim an exemption," Judge Hellerstein said in a written order. "In all other respects, I grant the Board's motion and deny Fox's motion, finding that the Board performed an adequate search and that Exemption 4 permits the Board not to disclose the documents that Fox seeks."