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Fox tops profit estimates on sports, political ads

Wednesday, February 8, 2017 - 05:50

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Fox had strong winds at its back in the quarter, including high TV ratings for baseball and an election year that drew a lot of political advertising to the company's local stations and Fox News.

Los Angeles

SPORTS and politics were good businesses to be in for 21st Century Fox Inc, helping Rupert Murdoch's TV and film company overcome currency troubles and tough times at the box office.

The parent of the 20th Century Fox film studio posted second-quarter profit that beat

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