*13 MEMORANDUM OPINION AND ORDER
Amit P. Mehta, United States District JudgeThis case presents an issue that appears with increasing frequency in the federal courts: Under what circumstances can a journalist be compelled to testify in a civil case about his or her First Amendment-protected activities? The present dispute arises out of a shareholder class-action lawsuit pending in federal court in the Central District of California, In Re Amgen Inc. Securities Litigation, No. 07-2536 (C.D.Cal.). In connection with that case, Respondent Amgen, Inc., issued a subpoena to Movant Paul B. Goldberg, a journalist residing in Washington, D.C. Amgen sought to depose Goldberg regarding an article that he wrote in 2007 about a clinical trial of one of Amgen’s FDA-approved drugs, Aranesp. The clinical trial was terminated early because of safety and efficacy concerns. At issue in the California litigation is whether Amgen and four of its former officers misled investors when they publicly stated that Aranesp was safe for its FDA-approved uses. The plaintiffs allege that they suffered losses when Goldberg’s article revealed the truth about Aranesp’s safety and efficacy. Goldberg moved to quash Amgen’s subpoena, claiming that the information it seeks is protected by the First Amendment reporter’s privilege.
Having considered the parties’ respective arguments and the record evidence, the court grants Goldberg’s motion to quash. Goldberg’s request for attorney’s fees is denied.
I. BACKGROUND
A. The Cancer Letter Article
The Movant in this matter is Paul Goldberg, a journalist and editor-in-chief/publisher of The Cancer Letter. Deck of Paul B. Goldberg [hereinafter “Goldberg Deck”], ECF No. 1-2, ¶ 1. The Cancer Letter is a weekly newsletter-style publication that- covers events concerning the development of cancer therapies, cancer research funding, and health care finance, legislation, and policy. Id. ¶ 2, The Cancer Letter is based in Washington, D.C. Id. ¶ 1.
On February 16, 2007, Goldberg authored and published an article titled “Danish Researchers Post Long-Awaited Aranesp Results-Ever So Discreetly” [hereinafter “Article”]. Goldberg Deck, Ex. A, ECF No. 1-3. The Article described a study conducted by the Danish Head and Neck Cancer Group, which the parties have referred to as the “DAHAN-CA 10” study, about the efficacy of adding Aranesp to radiation treatment of patients with head and neck cancer. Id. The study, according to the Article, “showed a significantly inferior therapeutic outcome from adding Aranesp to radiation treatment of patients with head and neck cancer.” Id. at 1. The study was suspended in October 2006 because of “potential unexpected negative effects,” id. at 4, and ultimately was not resumed, id. at 2.
The Article also reported that few were aware of the DAHANCA 10 study: “[E]ven informed observers have been largely unaware that the Danish study was temporarily stopped on October 18, 2006, and that the decision not to resume the study was made on Dec. 1, 2006, and posted on the Web by the principal investigator, Jens Overgaard.” Id. at 1-2. The Article went on to note that Amgen had not announced the study’s results in public disclosures or during its January 25, 2007, conference call discussing its annual financial results. Id. at 2.
The Article also stated that “[s]everal Wall Street sources who monitor Amgen confirmed that they have been awaiting these results and were not aware of them *14until hearing about the closing of the [clinical] trial from this reporter.” Id. The Article did not identify the Wall Street sources. In a declaration submitted in this matter, Goldberg clarified that he had spoken to two Wall Street sources before publishing the Article. Goldberg attested that one of them had talked to him on the condition that the source’s comments would remain confidential. Supplemental Decl. of Paul B. Goldberg [hereinafter “Goldberg Supp. Deck”], EOF No. 8-1, ¶¶ 4-5. As for the other, Goldberg could not recall the identity of the source and thus could not recall whether he had promised the source ■ confidentiality. Id. ¶ 6.
The Article did not only refer to Goldberg’s Wall Street sources, but identified several other sources by name. They included: (1) Dr. Michael Henke, a German oncologist, who was quoted as saying he had found the DAHANCA 10 study “by [using] Google,” Goldberg Deck, Ex. A, at 2; .(2) Dr. David Steensma, an associate professor of medicine and oncology at the Mayo Clinic, who commented on the validity of the DAHANCA 10 study, id. at 3; (3) Dr. Charles Bennett, an oncologist at Northwestern University, who said that he had learned about the DAHANCA 10 study results recently from a European colleague, id.; (4) Dr. Scott Lippman, the then-chairmán of thoracic/head and neck medical oncology at M.D. Anderson Cancer Center,'who stated that the Danish study was consistent with prior studies of similar drugs, id.; and (5) Dr. Howard Ozer, chief of hematology and oncology and professor of medicine at the University of Oklahoma Cancer Center, who, like Dr. Henke, opined on the validity of the study, id. at 3-4. The Article noted that Goldberg had unsuccessfully tried to reach the DAHANCA 10 study’s principal investigator, Jens Overgaard, for comments. Id. at 3.
B. Amgen’s Discovery Efforts
According to the plaintiffs in the Amgen Securities case, the Article was the first time that Amgen’s investors were informed of the DAHANCA 10 study’s results. Amgen Mem., at 1. The Article was thus a “corrective disclosure,” which revealed the truth about Aranesp’s safety. Id. at 2. Amgen contends that “[o]ne of the ways [it] can defend [itself] is to show that investors or other stock market participants learned of the DAHANCA 10 termination before the Article was published on February 16, 2007,” id., and therefore the Article’s publication did not cause their losses. Amgen argues that Goldberg, as author of the Article, is “uniquely positioned- to provide admissible testimony critical to Amgen’s defense concerning the disclosure of the DAHANCA 10 termination to market participants.” Id.
Before serving Goldberg with a subpoena, Amgen made some effort to discover the evidence it . sought through alternative sources. Specifically, it served document subpoenas on the four doctors identified in the article who are located in..the United States: Dr. Bennett, Dr. Ozer, Dr. Steens-ma, and Dr. Lippman. Deck of Douglas J. Dixon [hereinafter “Dixon Deck”], ECF No. 2-1, ¶¶ 5-9. Amgen also served a document subpoena on MD Anderson Cancer Center, Dr. Lippman’s former employer. Id. ¶ 10. Other than obtaining a copy of the Article, none of these subpoena efforts bore any fruit. Id. ¶¶ 11-14. Moreover, Dr. Steensma informed Amgen through his counsel that he could not recall any communications with Goldberg before the Article was published. Id. ¶ 11. And Dr. Ozer told Amgen that he could not recall specifics of the DAHANCA 10 trial or his quote in the Article. Id. ¶ 12.
■ Before it subpoenaed Goldberg, Amgen did not, however, attempt to depose any of the U.S.-based -physicians mentioned *15above. Nor did it attempt to obtain any evidence from Dr. Henke, who resides in Germany. Amgen Mem. at 15 n.8. , Am-gen also did not try to. obtain evidence from the DAHANCA10 study’s lead investigator, Jens Overgaard. Mot. Hr’g Tr. 2123, Aug. 11,2015, EOF No. 10.
Furthermore, according to an affidavit submitted by Amgen’s counsel, before Am-gen subpoenaed Goldberg, it did not depose any of the Wall Street analysts' who followed Amgen in 2007. See Dixon Deck ¶ 23. As of July 9, 2015,' the date Amgen filed its opposition brief, Amgen had only noticed depositions of five investment managers and analyst depositions. Id. However, at oral argument held on August 11, 2015, Amgen’s counsel represented — for the first time — that Amgen had deposed three analysts two years earlier in October 2013. Mot. Hr’g Tr. 13, 35. Amgen’s counsel also stated that, since serving Goldberg, Amgen had deposed four investment managers of the lead plaintiff, Connecticut Retirement Plans and Trust Funds, with another deposition pending.' Id. at 36. Though not entirely clear, these may be the same five investment managers noticed for depositions as of July 9,' 2015.
C. Procedural Background
On May 12, 2015, Amgen served on Goldberg the subpoena at issue in this case. Thé parties met and conferred about the subpoena, but were unable to resolve their differences. Thereafter, on June 25, 2015,' Goldberg filed a motion seeking to quash Amgen’s subpoena. In its opposition brief, Amgen made clear that it does not seek confidential information from Goldberg, such as the names of his sources, but only non-confidential information about his writing of the Article,Goldberg nevertheless contends that the non-confidential information sought is protected by the reporter’s privilege.
II. LEGAL STANDARD
As the party asserting the reporter’s privilege, Goldberg bears the burden of establishing the privilege’s applicability. See Estate of Klieman v. Palestinian Auth., 293 F.R.D. 235, 241 (D.D.C.2013). Once the privilege’s .applicability is established, the burden shifts to Amgen “to show that on ‘the specific facts of the case,’ its interest outweighs the public interest in protecting the journalist’s sources and information.’ ” Id. (citation omitted). In other words, if the privilege applies, Amgen bears the burden of abrogating it. See Hutira v. Islamic Republic of Iran, 211 F.Supp.2d 115, 118 (D.D.C.2002).
III. DISCUSSION
A. Goldberg’s Invocation of the Reporter’s Privilege
The Court of Appeals has long recognized that, in civil cases, journalists enjoy a qualified privilege against compelled disclosure of their First Amendment activities. See Carey v. Hume, 492 F.2d 631, 636 (D.C.Cir.1974); Zerilli v. Smith, 656 F.2d 705, 712 (D.C.Cir.1981). In Zerilli, the Court of Appeals explained that:
When striking the balance between the civil litigant’s interest in compelled disclosure and the public interest in protecting a newspaper’s ' confidential sources, we will be mindful of the preferred position of the First Amendment and the importance of a vigorous press. Efforts will be taken to minimize impingement upon the reporter’s ability to gather news.
656 F.2d at 712 (citation omitted). - As a result, “in the ordinary case the civil litigant’s interest in disclosure should -yield to the journalist’s privilege. Indeed, if the privilege does not prevail in all but the most exceptional cases, its value will be *16substantially diminished.” Id. (footnote omitted). Nevertheless, because the journalist’s privilege is not absolute but qualified, trial courts are directed to conduct a factual inquiry to decide whether the subpoena’s proponent can overcome the privilege. See id. (stating that the “courts should look to the facts of each case” in deciding whether the journalist’s privilege applies).
Courts must consider two main factors in deciding whether to compel a journalist to provide evidence. The first is the “civil litigant’s need for the information.” Id. at 713. “If the information sought goes to ‘the heart of the matter,’ that is, if it is crucial to his case, then the argument in favor of compelled disclosure may be relatively strong.” Id. (citations omitted). Yet, “[o]n the other hand, if the information sought is only marginally relevant, disclosure may be very difficult to justify.” Id. (footnote omitted) (citation omitted). Thus, as to this factor, the “the court must examine how important, not just relevant, the reporter’s information is to the party’s case.” In re Slack, 768 F.Supp.2d 189, 194 (D.D.C.2011).
The second factor for the court to consider is the civil litigant’s efforts “to obtain the information from alternative sources.” Zerilli, 656 F.2d at 713. This factor requires the subpoenaing party to exercise diligence in obtaining evidence from reasonably available sources before seeking disclosures from the journalist. “Even when the information is crucial to a litigant’s case, reporters should be compelled to disclose their sources only after the litigant has shown that he has exhausted every reasonable alternative source of information.” Id.
1. Applying the Journalist’s Privilege to Non-Confidential Information
Before examining the two factors, the court first addresses a threshold issue raised by Amgen — its contention that the journalist’s privilege does not apply to the non-confidential information it seeks from Goldberg. According to Amgen, it does not intend to ask Goldberg to reveal any confidential sources or information. Rather, because it only wants to elicit non-confidential evidence — for example, how and when Goldberg learned of the DA-HANCA10 termination; when he spoke to the identified and anonymous sources cited in the Article; and to confirm quotes attributed to identified sources — Amgen contends that Goldberg has failed to demonstrate that the privilege applies. Amgen Mem. at 10-12. The court disagrees.
Our Court of Appeals has not decided whether non-confidential information is subject to the reporter’s privilege. But, as Judge Lamberth observed in Hutira v. Islamic Republic of Iran, “[a]ll of the federal circuit courts of appeal that have addressed this question ... have concluded that the privilege for journalists shields both confidential and nonconfidential information from compelled disclosure.” 211 F.Supp.2d 115, 120 (2002) (citations omitted). Other judges in this jurisdiction have come to the same conclusion. See Estate of Klieman, 293 F.R.D. at 242; In re Slack, 768 F.Supp.2d at 194; Tripp v. Dep’t of Defense, 284 F.Supp.2d 50, 54 (D.D.C.2003). As Judge Howell observed in Slack, not applying the journalist’s privilege to non-confidential information would risk “ ‘wholesale exposure of press files to litigant scrutiny [and] would burden the press with heavy costs of subpoena compliance ... [thereby] making journalists appear to be an investigative arm of the judicial system, the government, or private parties.” Slack, 768 F.Supp.2d at 194 (citation omitted) (internal quotation marks omitted). This court finds Slack and the other cited decisions persuasive and therefore rejects Amgen’s contention that the *17privilege does not apply to non-confidential information.
That said, courts have recognized that a party seeking to compel reporter testimony faces a less weighty burden when seeking non-confidential information. “[W]hen a party seeks to compel a reporter to testify regarding nonconfidential information, the risk of debilitating a journalist’s ability to gather information is considerably diminished. Consequently, the showing needed to overcome a reporter’s privilege when the information sought is nonconfidential is less demanding than the showing required where confidential materials are sought.” Id. (citations omitted) (internal quotation marks omitted). In light of Amgen’s concession that it does not seek to elicit confidential information from Goldberg, the court will apply this less rigorous standard to Amgen’s request to abrogate the privilege.
2. The Evidence Amgen Seeks From Goldberg
Amgen contends that it should be permitted to depose Goldberg as to five categories of information. First, Amgen seeks to have Goldberg confirm that, before publishing the Article, he spoke to “Wall Street sources who monitor Amgen”-a fact to which Goldberg attested in his Supplemental Deelaration-and describe the circumstances of those conversations, particularly how long they occurred before the Article’s publication. Mot. Hr’g Tr. 10-12, 17; Amgen Mem. at 10. Second, Amgen wants Goldberg to verify the statements attributed to Dr. Henke and Dr. Bennett in the Article, particularly that both were aware of the DAHANCA 10 study, before Goldberg contacted them. Mot. Hr’g Tr. 18-19; Amgen Mem. at 11. Third, Amgen would like to inquire if anyone else with whom Goldberg spoke was aware of the DAHANCA 10 study before the article was published. Mot. Hr’g Tr. 21; Amgen Mem. at 10. Fourth, Amgen wants to know how Goldberg came to learn of the DAHANCA 10 study. Mot. Hr’g Tr. 17. And, finally, Amgen would like to inquire about Goldberg’s contention, contained in his motion to quash, that information about the DAHANCA 10 study was “widely available.” Amgen Mem. at 14 (citing Goldberg Mem., EOF No. 1-1, at 14).
The court considers below the . parties’ arguments with respect to each of these subject matters, evaluating them against the two Zerilli factors: the litigant’s need for the information and the litigant’s diligence in obtaining the information from alternative sources.
a.' Confirming Goldberg’s conversations with Wall Street sources
Amgen argues that it is critical to its defense for Goldberg to confirm that he spoke to two Wall Street sources before the Article’s publication. Such testimony, Amgen argues, will bolster its defenses that (1) the Article’s disclosure of the DAHANCA 10 study did-not cause the shareholders’ losses, ie., the “loss causation” element of a securities fraud claim,1 and (2) the market was aware of the DAHANCA 10 study and thus Amgen was excused from disclosing it, ie., its “truth-on-the-market” defense, see In re Apple Computer Sec. Litig., 886 F.2d 1109, 1115 (9th Cir.1989) (concluding that “the defendant’s failure to disclose material information may be excused. where that information has been made credibly available to the market by other sources”). In other words, according to Amgen, Goldberg’s testimony about his Wall Street sources would show,that the DAHANCA 10 study *18was known to market actors^ and thus the public. Therefore, the alleged corrective statement contained in The Cancer Letter could not have caused the shareholders’ loss and Amgen was excused from its alleged non-disclosure. -
The court agrees with Amgen that evidence showing that Wall Street sources spoke to Goldberg about the DAHANCA 10 study before the Article’s publication goes to the “heart” of its defenses. The decision in Padnes v. Scios Nova, Inc., No. C 95-1693, 1996 WL 539711 (N.D.Cal. Sept. 18,1996), illustrates how establishing market actors’ knowledge of an alleged Undisclosed clinical study’s negative results can be used-to defend against a claim of securities' fraud. There, the court' dismissed plaintiffs’ complaint, based on a truth-on-the-market defense, where the supporting evidence showed that a clinical study was (as here) published and that market analysts were aware of the study’s findings. Id., at *8. Admittedly, Goldberg cannot provide the kind of direct evidence of market actors’ knowledge that was present in Padnes — here, at least one analyst had read about the study and reported it and others were aware of aspects of the study. Id. at *7-8. However, the fact that Goldberg alerted market actors to the DAHANCA 10 study some time before the Article’s publication, in combination with other evidence, could bolster Amgen’s defenses.
Amgen’s casé to compel Goldberg’s testimony, however, founders on the second Zerilli factor, as Amgen has failed to demonstrate the requisite diligence" in seeking ¿vidence from alternative sources. Amgen argues that it cannot reasonably be expected to depose a large quantity of “securities analysts covering the biotechnology sector” in the hope of finding the two with whom, Goldberg spoke. Amgen • Mem. at 17 (citation omitted). Unfortunately for Amgen, that is precisely what the law in this circuit requires.
The Court of Appeals’ decision in Lee v. Department of Justice, 413 F.3d 53 (D.C.Cir.2005), is controlling. There, the plaintiff sued the Department of Justice under the Privacy Act for allegedly leaking information to the news media about him during an espionage investigation. To unearth the identity of the leaker, Lee deposed no less than 20 government officials fiom the Department of Justice, the Federal Bureau -of Investigation, and the Department of Energy. Id. at 56. Only after those efforts failed to identify the leaker did Lee seek to compel testimony from members of the media, which the district court granted. Id. On appeal, the Court of Appeals affirmed the order of compulsion and rejected the argument that Lee had not exercised' enough diligence in attempting to uncover the leaker’s identity through alternative sources. Id. at 61. “[T]he number of depositions necessary for exhaustion,” the court stated, “must be determined on a case-by-case basis.” Id. A party need not undertake the onerous burden of deposing every conceivable source to satisfy the exhaustion requirement. Id. But where there is a reasonably well-defined number of possible alternative sources for the same information sought from the journalist, the party seeking to compel testimony must demonstrate reasonable efforts to exhaust those possible sources. See id.
Here, Amgen’s counsel candidly acknowledged at oral argument that, in 2007, there “were 25 or 26 securities analysts covering Amgen.” Mot. Hr’g Tr. 14. Thus, this is not the kind of case where the possible alternative sources are indefinite in number or so ill-defined as to make it utterly unreasonable to expect a party to meet the exhaustion requirement. See Carey, 492 F.2d at 638 (stating that where *19the identifying characteristics of possible alternative sources are “vague,” the concept of exhaustion of remedies is inapplicable). According to .Amgen’s counsel’s affidavit, Amgen deposed no Wall Street analysts before subpoenaing Goldberg. Dixon Decl. ¶23. Such complete lack of effort at exhausting alternative avenues is plainly insufficient to abrogate, the reporter’s privilege. See Zerilli, 656 F.2d at 715 (refusing to compel reporter’s testimony where party had not taken any depositions of possible alternative sources, even if discovery would have been “time-consuming, costly, and unproductive”); Clyburn v. News World Commc'n, Inc., 903 F.2d 29, 35 (D.C.Cir.1990) (reporter’s privilege upheld where party “utterly failed to pursue obvious alternative sources of information”); Tripp, 284 F.Supp.2d at 60-61 (quashing subpoena where “plaintiff has not even attempted to obtain the information requested from other sources”). Even if, as counsel represented at oral argument, Amgen deposed three analysts in 2013, Mot. Hr’g Tr. 35, deposing only three out of 25 or 26 analysts two years ago falls well short of the kind of effort at exhausting alternative sources that a party must show before compelling the disclosure of a journalist’s First Amendment activities. That is true, even under the more relaxed standard for obtaining non-eonfidential information.
At oral argument, Amgen urged the court to follow the Second Circuit’s decision in Garland v. Torre, 259 F.2d 545 (2d Cir.1958), which the Court of Appeals cited favorably in Carey v. Hume, 492 F.2d at 634-35. Mot. Hr’g Tr. 16. In Garland, the court affirmed an order compelling a journalist’s testimony after the plaintiff had conducted only three depositions. 259 F.2d at 647, 551. But just as the Court of Appeals has not set a minimum number of depositions necessary to establish exhaustion, see Lee, 413 F.3d at 61, nor has it set a maximum. The inquiry is fact-specific. Id. In Garland, the court deemed three depositions sufficient because the plaintiff had identified two possible persons as the source of the defamatory statements at issue and had deposed three witnesses without success. 259 F.2d at 551. Here, Amgen knows of 25 or 26 analysts who followed the company at the time the DA-HANCA 10 study was conducted. Deposing, at most, only three of them to discover which of them might have spoken to Goldberg and thus learned about the study before the Article’s .publication, is not enough. Deposing a large number of ana-, lysts in the hope of -finding the two that spoke to Goldberg might indeed be akin to looking for a needle in a' haystack, as Amgen contends. But the law requires Amgen to have conducted a- thorough search of the hay before deposing Goldberg, which it failed to do.
b. Verification of Dr. ' Henke’s and Dr. Bennett’s statements
Next, Amgen seeks to have Goldberg verify the statements attributed in the Article to Dr. Henke and Dr. Bennett, specifically their statements that they were aware of the DAHANCA 10 study before Goldberg spoke to them. As to that subject, Amg‘en has neither established the criticality of the evidence Sought nor the requisite diligence in obtaining it from alternative sources.
Merely confirming that Dr. Henke and Dr. Bennett were aware of the DAHAN-CA 10 study before the Article’s publication provides little weight to Amgen’s defenses. Unlike a market analyst or other Wall Street .observer, both- are physicians whose pre-publication knowledge of the study does little to establish that the market was aware of the DAHANCA 10 results with the “degree of intensity and credibility” required under Ninth Circuit law to excuse Amgen’s nondisclosure. See Apple Computer, 886 F.2d at 1116 (stating *20that “any material information which insiders fail to disclose must be transmitted to the public with a degree of intensity and credibility sufficient to effectively counterbalance any misleading impression created by the insiders’ one-sided representations.”)
Moreover, Amgen has not sought to obtain the information from the obvious alternative sources — the doctors themselves. See Hutira, 211 F.Supp.2d at 117, 121-22 (quashing subpoena where party sought reporter’s testimony “to confirm the accuracy of certain statements and quotations in his article” where party had not “attempted] to contact the other individuals discussed in the article” before seeking to depose the reporter); see contra NLRB v. Mortensen, 701 F.Supp. 244, 249-50 (ordering reporters to testify only after the statements’ sources denied making them).2 If confirming Dr. Bennett’s pre-Article knowledge of the study is as critical as Amgen claims, it would have been a simple matter to serve him with a subpoena for testimony. Instead, Amgen only served him with a document subpoena, which of course could not provide Amgen with the admissible testimonial evidence it seeks.
Amgen also did not seek evidence from Dr. Henke. Admittedly, the burden with regard to Dr. Henke is far greater. As Dr. Henke is a resident 'Of Germany, Amgen would have been required to proceed under The Hague Convention to secure evidence from him. But unfortunately for Amgen, there is no foreign evidence exception to the exhaustion requirement. Litigation in this case commenced at least two years ago3 and, in that time, Amgen has not made any effort to secure admissible evidence from Dr. Henke. Nor has it shown that obtaining evidence from Dr. Henke would be particularly burdensome or difficult to obtain under an international convention. Cf. Estate of Klieman, 293 F.R.D. at 243 (finding that party was not required to attempt securing testimony from Al-Aqsa and Fatah leaders located in the West Bank). A journalist’s privilege should be overridden only as “a last resort.” In re Slack, 768 F.Supp.2d at 197. In the case of both Dr. Henke and Dr. Bennett, Amgen has failed to pursue evidence about their knowledge of the DA-HANCA 10 study from the doctors themselves.
c. Other individuals’ knowledge of the DAHANCA 10 study
Amgen also wants to know whether Goldberg spoke to anyone else who was aware of the DAHANCA 10 study’s results before the Article was published. Presumably, Amgen would like to ascertain this information to establish that public knowledge of the DAHANCA 10 study was widespread.
But Amgen has not shown how it expects to obtain critical evidence by asking Goldberg the open-ended question whether he spoke to anyone else who knew about the study before the Article’s publication. In fact, asking the question would be pointless. Through his counsel, Goldberg already has represented that the only sources who knew about the study before he published the Article were Dr. Henke and Dr. Bennett. Nee Decl. of Jen*21ny L. Colgate [hereinafter “Colgate Decl.”], Ex. 6A, ECF No. 1-4. Thus, deposing Goldberg on that subject would be futile. Amgen nevertheless argues that it should be able to depose Goldberg because questioning might refresh his recollection about others with whom he spoke. Mot. Hr’g Tr. 18. But Amgen offers no reason for the court to believe , that Goldberg’s recall will be any different during a deposition. The law disfavors compelling a journalist’s testimony other than in “the most exceptional cases.” Zerilli, 656 F.2d at 712. It, therefore, would be incompatible with the privilege to allow a party to depose a journalist based on the mere hope that questioning might jog his memory.4
d. How Goldberg learned of the DAHANCA 10 study
Next, Amgen would like to learn how Goldberg learned of the DAHANCA 10 study. Goldberg, through his counsel, however, already has told Amgen that he does not know how he first became aware of the study and that he is not aware of any documents or other information that would help refresh, his recollection. See Colgate Deck, Ex. 6A. Thus, compelling Goldberg’s testimony is unlikely .to reveal what Amgen seeks. Without some reason to believe that Goldberg’s memory could be refreshed in a deposition, the court declines to compel Goldberg to testify.
. Even if Goldberg could recall when and how he learned about the study, his answer is not likely to bolster Amgen’s defenses. Indeed, Amgen’s counsel conceded at oral argument that, if Goldberg learned of the DAHANCA 10 study from a Google search or similar public source, it would be “less useful to us.” Mot. Hr’g Tr. 18. Unless Goldberg learned about the study from a direct market participant, such as a Wall Street analyst, the manner by which he learned of the study would do little to establish that the market was aware of the DAHANCA 10 results with the degree of intensity and credibility necessary to sustain Amgen’s defenses. Further, the record provides little reason to believe that Goldberg’s source was a market participant. After all, Goldberg has attested that he spoke with only two Wall Street sources and he contacted them to find out if they were aware of the study and whether its results were relevant. Goldberg Supp. Decl., ¶4. He also has stated, through counsel, that the only two people with whom he spoke before publishing the Article who knew about the study were Dr. Henke and Dr. Bennett. Colgate Decl. Ex. 6A. Thus, based on the record evidence, Amgen has failed to show that asking Goldberg how he learned of the DAHANCA 10 study is likely to produce evidence that goes to the heart of its defenses.
e: The Study was “Widely Available”
Last, Amgen wants to ask Goldberg about the basis for an assertion made in his moving papers that the DA-HANCA 10 study was “widely available.” Amgen Mem. at 10 (citing Goldberg Mem. at 14); Mot. Hr’g Tr. 21. But here Amgen is grasping at straws. The full statement at issue is as follows: “However, because the information [about the DAHANCA 10 study] was already on Google, it was widely available.” Goldberg Mem. at 14. As the complete text makes clear, Goldberg *22asserted that the DAHANCA10 study was “widely available” because it was posted on the internet. It was not an expression of Goldberg’s personal belief. Therefore, Amgen has failed to show that questioning Goldberg about his statement would produce critical evidence.
Finally, the court declines Am-gen’s request to compel Goldberg to invoke the journalist’s privilege on a question-by-question basis. Amgen Mem. at 11 n.5. Admittedly, the law generally disfavors blanket assertions of privilege. See, e.g., United States v. Thornton, 733 F.2d 121, 12526 (D.C.Cir.1984) (stating with regard to the Fifth Amendment privilege, “[u]sually, a trial court cannot speculate whether all relevant questions would or would not tend to incriminate the witness; accordingly; the court normally requires the privilege to be asserted in response to specific questions”); United States v. Legal Servs. for N.Y.C., 100 F.Supp.2d 42, 46 (D.D.C.2000) (citation omitted)' (stating that “‘[blanket assertions of attorney-client privilege in response to a subpoena duces tecum are strongly disfavored’”). However, courts in this jurisdiction have not required journalists to invoke the. journalist’s privilege on a question-by-quqstion basis before obtaining protection from the court., See, e.g., In re Slack, 768 F.Supp.2d at 192 (quashing subpoena even though reporter did not invoke privilege on a question-by-question basis); In re Subpoena to Jeffrey Goldberg, 693 F.Supp.2d 81, 83 (D.D.C.2010) (same); Tripp, 284 F.Supp.2d at 53-54 (same); Hutira, 211 F.Supp.2d at 117 (same).
There would be little purpose served here in requiring Goldberg to invoke the privilege on a question-by-question basis. Amgen does not dispute that Goldberg is a journalist or that the journalist’s privilege attaches to his work on the Article. Thus, this is not a case in which a deposition would help develop foundational facts that would elucidate the privilege’s application. Nor is Goldberg likely to provide any substantive answers that go to the heart of Amgen’s defenses. Other than basic questions about his background, Goldberg has indicated that he will invoke the journalist’s privilege with respect to any question related to the Article. The court sees no need to require Goldberg to sit for a deposition in which he would invoke the journalist’s privilege to every substantive question posed.
B. Goldberg’s Request for Attorney’s Fees
Having concluded that the subpoena to Goldberg should be quashed, the court turns to Goldberg’s demand for attorney’s fees. Under Federal Rule of Civil Procedure 45(d)(1), “[a] party or attorney responsible for issuing and serving a subpoena must take reasonable steps to avoid imposing undue burden or expense on a person subject to- the subpoena.” Should the issuing party or attorney fail to comply with this duty, the issuing court “must enforce this duty and impose an appropriate sanction-which may include lost darn-ings and reasonable attorney’s fees.” Id.
But Rule 45(d)(1) does not require the court to impose sanctions merely because a party is unsuccessful in its subpoena. See Alberts v. HCA Inc., 405 B.R. 498, 502-03 (D;D.C.2009) (“The mere fact ... that a disputed subpoena is ultimately deemed. unwarranted does not, standing alone, demand the imposition of sanctions”); Rendon Grp., Inc. v. Rigsby, 10-mc-164, 2010 WL 4627647, at *1 (D.D.C. Nov. 8, 2010) (“Rule 45(c)(1)” — the predecessor to Rule 45(d)(1) — “does not explicitly require expenses to be paid if a party is not entirely successful in its subpoena.”). Rather,. courts in this jurisdiction have looked to whether the subpoena was issued *23in bad faith or for some improper purpose. See Alberts, 405 B.R. at 503 (observing that “blatant abuse of the subpoena power is a common thread running through decisions in which sanctions have been awarded under Rule 45(c)(1)”); Rendon Grp., 2010 WL 4627647, at *1 (refusing to impose sanctions where the moving party’s arguments “were'for the most part reasonable and justified”); Alexander v. FBI, 186 F.R.D. 188, 196-97 (D.D.C.1999) (declining to impose sanctions where subpoena was “not overbroad or improper” and where motion, to compel was “substantially justified and not brought in bad faith”). See also Legal Voice v. Stormans Inc., 738 F.3d 1178, 1185 (9th Cir.2013) (stating that a court may impose sanctions under Rule 45(d)(1) “when a party issues a subpoena in' bad faith, for an improper purpose, or in a manner inconsistent with -existing law”).
Moreover, although our Court of Appeals appears not to have addressed the issue, the Ninth Circuit has interpreted “undue - burden” under Rule 45(d)(1) as “limited to harms inflicted by Complying with the subpoena” and “not to the adjudication of related follow-on issues, such as whether the subpoenaed information is potentially protected by a privilege.” Mount Hope Church v. Bash Back!, 705 F.3d 418, 428 (9th Cir.2012). See also Tiberi v. CIGNA Ins. Co., 40 F.3d 110, 112 (5th Cir. 1994) (stating that Rule 45(c) provides for sanctions against “one issuing a vexatiously overbroad subpoena” but reversing sanctions award where -party engaged in “sufficient good faith efforts to negotiate reasonable parameters on the subpoena”). In Mount Hope Church, the Ninth Circuit reversed a sanction imposed after a third-party had succeeded in quashing a subpoena on First Amendment grounds. See Mount Hope Church, 705 F.3d at 423, 428-29. The court explained: “Because [the issuing party] Mount Hope and its counsel could reasonably assert that [the] First Amendment privilege did not invalidate the subpoena, they could issue discovery process based on that reading ¡without fear of sanctions. The Church also had objective reason to subpoena the information and therefore complied with existing law under 45(c)(1).” Id.
After reviewing the parties’ meet and confer efforts, the court concludes that Amgen did not fail to comply with its duty to avoid “undue burden” under Rule 45(d)(1). For six weeks, the parties attempted to resolve this matter in good faith without success. Amgen statéd from the outset that it would not be seeking confidential source information but instead would be relying.on the lesser showing required to secure non-confidential information from a journalist. Colgate Deel., Ex. 5B. The parties attempted to narrow the issues, but ultimately to no avail. The court finds nothing on the record to suggest that Amgen issued the subpoena in bad faith or for an improper purpose.
Goldberg argues that Amgen should be sanctioned because it improperly turned to him first for information before exhausting other sources. Goldberg Mem. at 15-16. But Amgen did make some effort to discover the information it seeks before issuing the subpoena to Goldberg.' Amgen issued document subpoenas to the doctors identified in the article and spoke with some of them. Dixon Deck ¶¶ 5-14. It also reviewed analyst reports and other public source information for news, of the DAHANCA 10 study. Id. ¶ 15. • And, according to counsel’s representation at oral argument, it deposed three analysts in 2013. Mot. Hr’g Tr. 13, 35. Amgen just did not do enough to overcome the journalist’s privilege. A party’s mere failure to enforce a subpoena is not sufficient to require that.party to pay attorney’s fees under Rule 45(d)(1).
*24IV. CONCLUSION AND ORDER
For the foregoing reasons, the court grants Goldberg’s motion to quash: His request for attorney’s fees under Rule 45(d)(1) is denied.
. "Loss causation” is defined as the "causal connection between the material misrepresentation and the loss.” Dura Pharm., Inc. v. Broudo, 544 U.S. 336, 342, 125 S.Ct. 1627, 161 L.Ed.2d 577 (2005) (citations omitted).
. The courts in two out-of-jurisdiction cases cited by Amgen, see Amgen Mem. at 15, likewise compelled a reporter's testimony to confirm published statements only after the sources denied making them. See SEC v. Seahawk Deep Ocean Tech., Inc., 166 F.R.D. 268, 271 (D.Conn.1996); In the Matter of the Application of Michael Waldholz, No. 87 CIV 4296, 1996 WL 389261, at *2 (July 11, 1996).
. See In re Amgen Sec. Litig., 07-cv-2536, ECF No. 349 (C.D.Cal.2013) (scheduling order showing that discovery commenced at least as of August 16, 2013).
. Notably, Amgen has not sought discovery from the one person, that might have information about how widespread knowledge was about the DAHANCA 10 study before the Article's publication-the study’s principal investigator, Jens Overgaard, Mot, Hr’g Tr. 21-22. According to Amgen, it has concluded that Overgaard would have little to offer other than that the DAHANCA 10 study was posted on a website. Id. at 22. If Amgen has concluded that Overgaard would have little to offer to show the market’s knowledge of the "study, it is hard to believe that Goldberg would be able to offer any more.