Fox also suffered Latin American devaluations impact

In Fox’s last quarter financial results report presentation, the company reported that its pay TV (Cable Network Programming) unit operating revenues growth ‘was negatively impacted by 5% for foreign exchange fluctuations, primary in Latin America’.

US pay TV business revenues grew 7% related to the same month the previous year, led by fees increment for affiliates and advertising sales.

On the international side, however, pay TV revenues decreased by 5% due to a negative 12% local currencies devaluation impact Affiliate sales fell 4% and there was a 9% decrease in international advertising revenues.