in addition , note 2 to the accompanying consolidated financial statements of twenty-first century fox summarizes the company 's significant accounting policies , including the critical accounting policy discussion found in this section . overview of the company 's business the company is a diversified global media and entertainment company , which manages and reports its businesses in the following segments : cable network programming , which principally consists of the production and licensing of programming distributed primarily through cable television systems , direct broadcast satellite operators , telecommunication companies and online video distributors in the united states ( “ u.s. ” ) and internationally . 37 television , which principally consists of the broadcasting of network programming in the u.s. and the operation of 28 full power broadcast television stations , including 11 duopolies , in the u.s. ( of these stations , 17 are affiliated with the fox broadcasting company ( “ fox ” ) , nine are affiliated with master distribution service , inc. ( “ mynetworktv ” ) , one is affiliated with both the cw television network and mynetworktv and one is an independent station ) . filmed entertainment , which principally consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide , and the production and licensing of television programming worldwide . direct broadcast satellite television , which consisted of the distribution of programming services via satellite , cable and broadband directly to subscribers in italy , germany and austria . the direct broadcast satellite television ( “ dbs ” ) segment consisted entirely of the operations of sky italia and sky deutschland ag ( “ sky deutschland ” ) ( collectively , the “ dbs businesses ” ) . on november 12 , 2014 , twenty-first century fox completed the sale of sky italia and its 57 % interest in sky deutschland to sky plc ( “ sky ” ) ( see note 3 – acquisitions , disposals and other transactions to the accompanying consolidated financial statements of twenty-first century fox under the heading “ sky italia and sky deutschland ” ) . sky is a pan-european digital television provider , which operates in italy , germany , austria , the united kingdom ( “ u.k. ” ) and ireland . other , corporate and eliminations , which principally consists of corporate overhead and eliminations . following the sale of the dbs businesses , the company continues to report in five segments for comparative purposes , and there is no current activity in the dbs segment . cable network programming and television the company 's cable networks , which target various demographics , derive a majority of their revenues from monthly affiliate fees received from multi-channel video programming distributors ( “ mvpds ” ) based on the number of their subscribers . affiliate fee revenues are net of the amortization of cable distribution investments ( capitalized fees paid to u.s. mvpds to typically facilitate the carriage of a domestic cable network ) . the company defers the cable distribution investments and amortizes the amounts on a straight-line basis over the contract period . in the u.s. , cable television and direct broadcast satellite are currently the predominant means of distribution of the company 's program services . internationally , distribution technology varies region by region . the television operations derive revenues primarily from the sale of advertising , and to a lesser extent , affiliate fee revenue . adverse changes in general market conditions for advertising may affect revenues . u.s. law governing retransmission consent revenue , recognized as affiliate fees , provides a mechanism for the television stations owned by the company to seek and obtain payment from mvpds who carry the company 's broadcast signals . retransmission consent revenue consists of per subscriber-based compensatory fees paid to the company by mvpds that distribute the signals of the company 's owned and operated television stations . the company also receives compensation from independently-owned television stations that are affiliated with fox and receive retransmission consent fees from mvpds for their signals . the most significant operating expenses of the cable network programming segment and the television segment are the acquisition and production expenses related to programming , marketing and promotional expenses , and the expenses related to operating the technical facilities of the cable network or broadcaster . marketing and promotional expenses relate to improving the market visibility and awareness of the cable network or broadcaster and its programming . additional expenses include salaries , employee benefits , rent and other routine overhead expenses . the profitability of u.s. national sports contracts and certain international sports rights agreements is based on the company 's best estimates at june 30 , 2017 of attributable revenues and costs ; such estimates may change in the future and such changes may be significant . should revenues decline materially from estimates applied at june 30 , 2017 , additional amortization of rights may be recognized . should revenues improve as compared to estimated revenues , the company may have improved results related to the contract , which may be recognized over the remaining contract term . 38 filmed entertainment the filmed entertainment segment derives revenue from the production and distribution of live-action and animated motion pictures and television series . in general , motion pictures produced or acquired for distribution by the company are exhibited in u.s. and foreign theaters , followed by home entertainment , including sale and rental of dvds and blu-rays , licensing through digital distribution platforms , premium subscription television , network television and basic cable and syndicated television exploitation . television series initially produced for the networks and first-run syndication are generally licensed to domestic and international markets concurrently and subsequently made available via digital distribution platforms and released in seasonal dvd and blu-ray box sets . more successful series are later syndicated in domestic markets . story_separator_special_tag 44 fiscal 2017 versus fiscal 2016 the following table reconciles income from continuing operations before income tax expense to total segment oibda for fiscal 2017 , as compared to fiscal 2016 : replace_table_token_11_th the following table sets forth the computation of total segment oibda for fiscal 2017 , as compared to fiscal 2016 : replace_table_token_12_th the following tables set forth the company 's revenues and segment oibda for fiscal 2017 , as compared to fiscal 2016 : replace_table_token_13_th replace_table_token_14_th 45 cable network programming ( 57 % and 55 % of the company 's consolidated revenues in fiscal 2017 and 2016 , respectively ) for fiscal 2017 , revenues at the cable network programming segment increased $ 1.1 billion , or 7 % , as compared to fiscal 2016 , primarily due to higher affiliate fee , advertising and content and other revenues as shown below : replace_table_token_15_th these revenue increases are net of a decrease of approximately $ 155 million due to the strengthening of the u.s. dollar against local currencies , primarily in latin america and europe , for fiscal 2017 , as compared to fiscal 2016. for fiscal 2017 , cable network programming segment oibda increased $ 456 million , or 9 % , as compared to fiscal 2016 , primarily due to the revenue increases noted above partially offset by higher expenses of $ 645 million , or 7 % . for fiscal 2017 , the segment oibda increase is net of a decrease of approximately $ 60 million due to the strengthening of the u.s. dollar against local currencies as compared to fiscal 2016. the incremental revenues and expenses related to the ngs media business as a result of the acquisition were approximately $ 140 million for fiscal 2017 , as compared to fiscal 2016. domestic channels for fiscal 2017 , domestic affiliate fee revenue increased , as compared to fiscal 2016 , primarily due to higher average rates per subscriber led by fox news and the regional sports networks ( “ rsns ” ) partially offset by the impact of lower average subscribers . also contributing to the increase were fs1 and fs2 due to higher average rates per subscriber and higher average subscribers and fx networks due to higher average rates per subscriber . for fiscal 2017 , domestic advertising revenue increased , as compared to fiscal 2016 , primarily due to higher ratings and pricing at fox news and the broadcasts of the mlb postseason games at fs1 partially offset by the impact of lower ratings at fx networks . the increase in domestic content and other revenues for fiscal 2017 , as compared to fiscal 2016 , was primarily due to the acquisition of the ngs media business and higher svod revenue . for fiscal 2017 , domestic channels oibda increased 10 % , as compared to fiscal 2016 , primarily due to the revenue increases noted above partially offset by higher expenses . operating expenses increased approximately $ 485 million for fiscal 2017 , as compared to fiscal 2016 , principally due to higher sports rights amortization , including the mlb , national basketball association ( “ nba ” ) and national association of stock car auto racing ( “ nascar ” ) rights at the company 's sports channels , higher programming and marketing costs related to the launch of new programming at fx networks and national geographic and the acquisition of the ngs media business . international channels for fiscal 2017 , international affiliate fee revenue increased , as compared to fiscal 2016 , as a result of local currency growth of 11 % , led by additional subscribers and higher rates at fox networks group international ( “ fngi ” ) in latin america and europe and at star india ( “ star ” ) . partially offsetting the affiliate fee increase for fiscal 2017 was the adverse impact of the strengthening of the u.s. dollar against local currencies . for fiscal 2017 , international advertising revenues decreased , as compared to fiscal 2016 , as local currency growth at fngi in latin america and europe was more than offset by lower local currency advertising revenue at star due to the effect of the indian government 's demonetization initiatives on the general advertising market in india , a lower volume of cricket matches broadcast in the current year and a decrease in market share . the adverse impact of the strengthening of the u.s. dollar against local currencies also contributed to the decrease in international advertising 46 revenue . the increase in international content and other revenues for fiscal 2017 , as compared to fiscal 2016 , was primarily due to higher network and syndication revenues in latin america and asia at fngi partially offset by lower syndication revenues related to sports rights at star . for fiscal 2017 , international channels oibda increased 4 % , as compared to fiscal 2016 , primarily due to the revenue increases noted above partially offset by higher expenses . operating expenses increased approximately $ 150 million for fiscal 2017 , as compared to fiscal 2016 , primarily due to higher entertainment programming rights amortization at fngi in europe and latin america and at star partially offset by lower sports programming amortization at star , due to lower volume of cricket matches broadcast in the current year . television ( 20 % and 19 % of the company 's consolidated revenues in fiscal 2017 and 2016 , respectively ) for fiscal 2017 , revenues at the television segment increased $ 544 million , or 11 % , as compared to fiscal 2016 , primarily due to higher advertising , affiliate fee and content and other revenues . advertising revenue increased 8 % for fiscal 2017 , as compared to fiscal 2016 , primarily due to revenues resulting from the broadcast of super bowl li in february 2017 of approximately $ 425 million after agency commissions , the mlb world series which

debt instruments the following table summarizes cash from borrowings and cash used in repayment of borrowings for fiscal 2017 , 2016 and 2015 : replace_table_token_21_th ( a ) see note 11 – borrowings to the accompanying consolidated financial statements of twenty-first century fox for further discussion under the heading “ public debt - senior notes issued under august 2009 indenture ” . ( b ) the fiscal 2017 and 2016 activity includes $ 76 million and $ 373 million in borrowings , respectively , and $ 146 million and $ 379 million in repayments , respectively , under the yes network secured revolving credit facility . the balance of the repayments was related to the yes network term loan facility . the fiscal 2015 activity includes the effect of the amendment to the yes network credit agreement ( see note 11 – borrowings to the accompanying consolidated financial statements of twenty-first century fox under the heading “ bank loans ” ) . ( c ) see note 11 – borrowings to the accompanying consolidated financial statements of twenty-first century fox for further discussion under the heading “ public debt – predecessor indentures ” . ratings of the public debt the following table summarizes the company 's credit ratings as of june 30 , 2017 : rating agency senior debt outlook moody 's baa1 stable standard & poor 's( a ) bbb+ watch negative ( a ) standard & poor 's changed the outlook of the company 's public debt from stable to watch negative in december 2016 following the company 's announcement of the sky acquisition ( see note 3 – acquisitions , disposals and other transactions to the accompanying consolidated financial statements of twenty-first century fox under the heading “ sky ” ) .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```debt instruments the following table summarizes cash from borrowings and cash used in repayment of borrowings for fiscal 2017 , 2016 and 2015 : replace_table_token_21_th ( a ) see note 11 – borrowings to the accompanying consolidated financial statements of twenty-first century fox for further discussion under the heading “ public debt - senior notes issued under august 2009 indenture ” . ( b ) the fiscal 2017 and 2016 activity includes $ 76 million and $ 373 million in borrowings , respectively , and $ 146 million and $ 379 million in repayments , respectively , under the yes network secured revolving credit facility . the balance of the repayments was related to the yes network term loan facility . the fiscal 2015 activity includes the effect of the amendment to the yes network credit agreement ( see note 11 – borrowings to the accompanying consolidated financial statements of twenty-first century fox under the heading “ bank loans ” ) . ( c ) see note 11 – borrowings to the accompanying consolidated financial statements of twenty-first century fox for further discussion under the heading “ public debt – predecessor indentures ” . ratings of the public debt the following table summarizes the company 's credit ratings as of june 30 , 2017 : rating agency senior debt outlook moody 's baa1 stable standard & poor 's( a ) bbb+ watch negative ( a ) standard & poor 's changed the outlook of the company 's public debt from stable to watch negative in december 2016 following the company 's announcement of the sky acquisition ( see note 3 – acquisitions , disposals and other transactions to the accompanying consolidated financial statements of twenty-first century fox under the heading “ sky ” ) .
```    
 Suspicious Activity Report : in addition , note 2 to the accompanying consolidated financial statements of twenty-first century fox summarizes the company 's significant accounting policies , including the critical accounting policy discussion found in this section . overview of the company 's business the company is a diversified global media and entertainment company , which manages and reports its businesses in the following segments : cable network programming , which principally consists of the production and licensing of programming distributed primarily through cable television systems , direct broadcast satellite operators , telecommunication companies and online video distributors in the united states ( “ u.s. ” ) and internationally . 37 television , which principally consists of the broadcasting of network programming in the u.s. and the operation of 28 full power broadcast television stations , including 11 duopolies , in the u.s. ( of these stations , 17 are affiliated with the fox broadcasting company ( “ fox ” ) , nine are affiliated with master distribution service , inc. ( “ mynetworktv ” ) , one is affiliated with both the cw television network and mynetworktv and one is an independent station ) . filmed entertainment , which principally consists of the production and acquisition of live-action and animated motion pictures for distribution and licensing in all formats in all entertainment media worldwide , and the production and licensing of television programming worldwide . direct broadcast satellite television , which consisted of the distribution of programming services via satellite , cable and broadband directly to subscribers in italy , germany and austria . the direct broadcast satellite television ( “ dbs ” ) segment consisted entirely of the operations of sky italia and sky deutschland ag ( “ sky deutschland ” ) ( collectively , the “ dbs businesses ” ) . on november 12 , 2014 , twenty-first century fox completed the sale of sky italia and its 57 % interest in sky deutschland to sky plc ( “ sky ” ) ( see note 3 – acquisitions , disposals and other transactions to the accompanying consolidated financial statements of twenty-first century fox under the heading “ sky italia and sky deutschland ” ) . sky is a pan-european digital television provider , which operates in italy , germany , austria , the united kingdom ( “ u.k. ” ) and ireland . other , corporate and eliminations , which principally consists of corporate overhead and eliminations . following the sale of the dbs businesses , the company continues to report in five segments for comparative purposes , and there is no current activity in the dbs segment . cable network programming and television the company 's cable networks , which target various demographics , derive a majority of their revenues from monthly affiliate fees received from multi-channel video programming distributors ( “ mvpds ” ) based on the number of their subscribers . affiliate fee revenues are net of the amortization of cable distribution investments ( capitalized fees paid to u.s. mvpds to typically facilitate the carriage of a domestic cable network ) . the company defers the cable distribution investments and amortizes the amounts on a straight-line basis over the contract period . in the u.s. , cable television and direct broadcast satellite are currently the predominant means of distribution of the company 's program services . internationally , distribution technology varies region by region . the television operations derive revenues primarily from the sale of advertising , and to a lesser extent , affiliate fee revenue . adverse changes in general market conditions for advertising may affect revenues . u.s. law governing retransmission consent revenue , recognized as affiliate fees , provides a mechanism for the television stations owned by the company to seek and obtain payment from mvpds who carry the company 's broadcast signals . retransmission consent revenue consists of per subscriber-based compensatory fees paid to the company by mvpds that distribute the signals of the company 's owned and operated television stations . the company also receives compensation from independently-owned television stations that are affiliated with fox and receive retransmission consent fees from mvpds for their signals . the most significant operating expenses of the cable network programming segment and the television segment are the acquisition and production expenses related to programming , marketing and promotional expenses , and the expenses related to operating the technical facilities of the cable network or broadcaster . marketing and promotional expenses relate to improving the market visibility and awareness of the cable network or broadcaster and its programming . additional expenses include salaries , employee benefits , rent and other routine overhead expenses . the profitability of u.s. national sports contracts and certain international sports rights agreements is based on the company 's best estimates at june 30 , 2017 of attributable revenues and costs ; such estimates may change in the future and such changes may be significant . should revenues decline materially from estimates applied at june 30 , 2017 , additional amortization of rights may be recognized . should revenues improve as compared to estimated revenues , the company may have improved results related to the contract , which may be recognized over the remaining contract term . 38 filmed entertainment the filmed entertainment segment derives revenue from the production and distribution of live-action and animated motion pictures and television series . in general , motion pictures produced or acquired for distribution by the company are exhibited in u.s. and foreign theaters , followed by home entertainment , including sale and rental of dvds and blu-rays , licensing through digital distribution platforms , premium subscription television , network television and basic cable and syndicated television exploitation . television series initially produced for the networks and first-run syndication are generally licensed to domestic and international markets concurrently and subsequently made available via digital distribution platforms and released in seasonal dvd and blu-ray box sets . more successful series are later syndicated in domestic markets . story_separator_special_tag 44 fiscal 2017 versus fiscal 2016 the following table reconciles income from continuing operations before income tax expense to total segment oibda for fiscal 2017 , as compared to fiscal 2016 : replace_table_token_11_th the following table sets forth the computation of total segment oibda for fiscal 2017 , as compared to fiscal 2016 : replace_table_token_12_th the following tables set forth the company 's revenues and segment oibda for fiscal 2017 , as compared to fiscal 2016 : replace_table_token_13_th replace_table_token_14_th 45 cable network programming ( 57 % and 55 % of the company 's consolidated revenues in fiscal 2017 and 2016 , respectively ) for fiscal 2017 , revenues at the cable network programming segment increased $ 1.1 billion , or 7 % , as compared to fiscal 2016 , primarily due to higher affiliate fee , advertising and content and other revenues as shown below : replace_table_token_15_th these revenue increases are net of a decrease of approximately $ 155 million due to the strengthening of the u.s. dollar against local currencies , primarily in latin america and europe , for fiscal 2017 , as compared to fiscal 2016. for fiscal 2017 , cable network programming segment oibda increased $ 456 million , or 9 % , as compared to fiscal 2016 , primarily due to the revenue increases noted above partially offset by higher expenses of $ 645 million , or 7 % . for fiscal 2017 , the segment oibda increase is net of a decrease of approximately $ 60 million due to the strengthening of the u.s. dollar against local currencies as compared to fiscal 2016. the incremental revenues and expenses related to the ngs media business as a result of the acquisition were approximately $ 140 million for fiscal 2017 , as compared to fiscal 2016. domestic channels for fiscal 2017 , domestic affiliate fee revenue increased , as compared to fiscal 2016 , primarily due to higher average rates per subscriber led by fox news and the regional sports networks ( “ rsns ” ) partially offset by the impact of lower average subscribers . also contributing to the increase were fs1 and fs2 due to higher average rates per subscriber and higher average subscribers and fx networks due to higher average rates per subscriber . for fiscal 2017 , domestic advertising revenue increased , as compared to fiscal 2016 , primarily due to higher ratings and pricing at fox news and the broadcasts of the mlb postseason games at fs1 partially offset by the impact of lower ratings at fx networks . the increase in domestic content and other revenues for fiscal 2017 , as compared to fiscal 2016 , was primarily due to the acquisition of the ngs media business and higher svod revenue . for fiscal 2017 , domestic channels oibda increased 10 % , as compared to fiscal 2016 , primarily due to the revenue increases noted above partially offset by higher expenses . operating expenses increased approximately $ 485 million for fiscal 2017 , as compared to fiscal 2016 , principally due to higher sports rights amortization , including the mlb , national basketball association ( “ nba ” ) and national association of stock car auto racing ( “ nascar ” ) rights at the company 's sports channels , higher programming and marketing costs related to the launch of new programming at fx networks and national geographic and the acquisition of the ngs media business . international channels for fiscal 2017 , international affiliate fee revenue increased , as compared to fiscal 2016 , as a result of local currency growth of 11 % , led by additional subscribers and higher rates at fox networks group international ( “ fngi ” ) in latin america and europe and at star india ( “ star ” ) . partially offsetting the affiliate fee increase for fiscal 2017 was the adverse impact of the strengthening of the u.s. dollar against local currencies . for fiscal 2017 , international advertising revenues decreased , as compared to fiscal 2016 , as local currency growth at fngi in latin america and europe was more than offset by lower local currency advertising revenue at star due to the effect of the indian government 's demonetization initiatives on the general advertising market in india , a lower volume of cricket matches broadcast in the current year and a decrease in market share . the adverse impact of the strengthening of the u.s. dollar against local currencies also contributed to the decrease in international advertising 46 revenue . the increase in international content and other revenues for fiscal 2017 , as compared to fiscal 2016 , was primarily due to higher network and syndication revenues in latin america and asia at fngi partially offset by lower syndication revenues related to sports rights at star . for fiscal 2017 , international channels oibda increased 4 % , as compared to fiscal 2016 , primarily due to the revenue increases noted above partially offset by higher expenses . operating expenses increased approximately $ 150 million for fiscal 2017 , as compared to fiscal 2016 , primarily due to higher entertainment programming rights amortization at fngi in europe and latin america and at star partially offset by lower sports programming amortization at star , due to lower volume of cricket matches broadcast in the current year . television ( 20 % and 19 % of the company 's consolidated revenues in fiscal 2017 and 2016 , respectively ) for fiscal 2017 , revenues at the television segment increased $ 544 million , or 11 % , as compared to fiscal 2016 , primarily due to higher advertising , affiliate fee and content and other revenues . advertising revenue increased 8 % for fiscal 2017 , as compared to fiscal 2016 , primarily due to revenues resulting from the broadcast of super bowl li in february 2017 of approximately $ 425 million after agency commissions , the mlb world series which

