According to Reuters, Fox Business News has lost its FOIA case for details from the Federal Reserve's Board of Governors about the central bank's loans to companies affected by the financial crisis. Judge Alvin Hellerstein of the United States Court for the Southern District of New York ruled that most of the responsive material was subject to exemption 4 of the FOIA and also that the search for responsive documents was reasonable.
Fox has indicated that they will likely appeal the rule. I think the appeal will be interesting as Fox will need to find a way to challenge the government's arguments as to the harm done by the release of this information.
Update: Here's the decision thanks to Access Reports. If you want in depth discussions of FOIA cases and other disclosure activities, you should get a subscription to Access Reports. Download FBCvFedReserve
Further update: Fox has appealed the decision.