Nope only the active profile.
Just to put a fine point on the pencil. . .
The changes to a Favorites List in a Profile are only whether the Favorites List is Downloaded or Monitored. In other words, only the
behavior of the Favorites List is changed by editing a Profile.
If you change the
contents of a Favorites List, such as adding a new channel, such changes are applicable to any Profile using the Favorites List.
For example, you have Profile A open, and add a frequency to Favorites List 1. If you open Profile B and explore Favorites List 1, you'll see the new frequency is there.