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Fox tops profit estimates on sports, political ads
Published Tue, Feb 7, 2017 · 09:50 PM
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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 analysts' estimates, benefiting from strong advertising sales from the seven-game 2016 World Series won by the Chicago Cubs and growth in advertising on cable, including Fox News and FX.
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