Despite suffering a decline of its advertising business in Q4, Fox Corporation (FOXA) reported successful FY20 results, as its revenues for the year were up 8% Y/Y. Since April, the advertising market has been slowly recovering sequentially, so advertising revenues should return to its normal levels by the end of this year. In addition, the upcoming Presidential elections along with the return of sports events will serve as the biggest catalysts for growth for the business in the upcoming months. With a strong balance sheet and a limited downside, Fox continues to be