A U.S appeals court has granted bail to the media tycoon Conrad Black pending an appeal against his fraud conviction. Black has served more than two years of a 78-month sentence handed down in July 2007 for fraud and obstructing justice. The British peer and three other former executives of Hollinger International were found to have diverted 6.1 million dollars from the company for their own benefit. The Supreme Court ruled last month that their convictions partly relied on a law that was too broad in its scope.According to yesterday's ruling by the Court of Appeals for the Seventh Circuit, the terms of Black's bail will be determined by Judge Amy St Eve of the District Court in Chicago who oversaw his original trial.